Suppliers > Germany > IOTA

IOTA

Redefining Trust, Value and Ownership
IOTA Logo
Overview
HQ Location
Germany
Year Founded
2017
Company Type
Private
Revenue
< $10m
Employees
51 - 200
Website
Company Description

IOTA is a revolutionary new, next generation public distributed ledger company based in Germany that utilizes a novel invention, called a “Tangle” which allows them to integrate DLT solutions to IoT technology much more feasible.

It is the first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and Data Integrity for machines.

They are the market leader for IoT in the Blockchain space ranking top 10 on Coinmarketcap and a valuation of over 2 Billion USD.

IoT Solutions

The IOTA Cryptocurrency is specificaly made for Machine-2-Machine (M2M) transactions. The main purpose of IOTA is to serve the machine economy by enabling feeless M2M (Machine-to-Machine) payments.

Because it is an open-source, decentralized Cryptocurrency, engineered specifically for Internet of Things, IOTA's Cryptocurrency (which is also called IOTA) brings the following advantages to M2M IoT technology:

-Allows for real-time transactons, even when offline.

-Allows for micro-transactions as it is feeless

-It is indefinetely scalable and can bear the big volume of data and transactions being transferred between different machines.

Key Customers

DNB ASA, Volkswagen, BOSCH, Ubuntu Canonical, Microsoft Azure BaaS, APG|SGA, International Transportation Innovation Center (ITIC), DIF, ElaadNL, Innogy

IoT Snapshot
IOTA is a provider of Industrial IoT application infrastructure and middleware technologies.
Technology Stack
IOTA’s Technology Stack maps IOTA’s participation in the application infrastructure and middleware IoT Technology stack.
  • Devices Layer
  • Robots
    Drones
    Wearables
  • Edge Layer
  • Automation & Control
    Processors & Edge Intelligence
    Actuators
    Sensors
  • Cloud Layer
  • Platform as a Service (PaaS)
    Infrastructure as a Service (IaaS)
  • Application Layer
  • Functional Applications
  • Supporting Technologies
  • Analytics & Modeling
  • Application Infrastructure & Middleware
  • Cybersecurity & Privacy
  • Networks & Connectivity
Technological Capability:
None
Minor
Moderate
Strong

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