IOTA Foundation is a non-profit organization established in Germany in 2017 by Dominik Schiener and David Sønstebø. Creators of the Tangle, a permissionless, multi-dimensional distributed ledger, designed as a foundation of a global protocol for all things connected.
Led by a team of talented developers and passionate industry experts, IOTA developed an advanced ledger that moves beyond Blockchain to effectively address the challenges of scalability, energy resource requirements and data security, as well as transaction fees.
With this groundbreaking architecture, the open-source Tangle ecosystem is designed to become the catalyst for new economic systems and business models enabling a convergence of several key vertical industries, including supply chain, mobility and automotive, eHealth as well as smart energy/connected cities.
Permissionless – Feeless – Multi-Dimensional DLT