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IFIOTA Foundation is a pioneering organization focused on developing an innovative, feeless distributed ledger technology to facilitate secure and efficient data and value transfers for the Internet of Things.
IOTA Foundation is a non-profit organization and creator of the Tangle, a permissionless, multi-dimensional distributed ledger designed to enable secure, feeless exchange of both value and data across the Internet of Things (IoT). Established in 2017, IOTA aims to remove barriers for businesses and individuals alike by leveraging advanced distributed ledger technology (DLT) which is crucial for creating a future of interconnected devices that function seamlessly within a digital economy.
The IOTA protocol uniquely addresses the challenges faced by traditional blockchain solutions, such as scalability and transaction fees, by utilizing a novel architecture that allows for infinite scalability. This innovative approach supports a range of applications, from automating supply chains to enhancing the efficiency of smart cities, thereby facilitating a better exchange of both data and value. At IOTA Foundation, we believe in driving innovation and fostering community engagement, promoting global partnerships, and advocating for the ethical implementation of DLT to ensure that technology serves to empower individuals and businesses sustainably.
IF51-200 employees
2017
Dominik Schiener
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