Tuesday, December 26, 2017

IOTA: IoT + blockchain

Robert Bosch Venture Capital bets on IOTA as it invests in the future of IoT | VentureBeat

"IOTA is the first distributed ledger technology (DLT) to go beyond a blockchain — it enables machines to securely transact data and money with each other for a micro fee. Imagine a car that, from sensor data, retrieves information from Bosch about a malfunctioning car part."

"IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmation times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale."

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