The IOTA Foundation, a not-for-profit foundation, is the creator of cryptocurrency IOTA and IOTA Tangle, an open-source distributed ledger focused on providing secure communications and payments between machines on the Internet of Things.
Open-source blockchain network IOTA, in partnership with Microsoft, Samsung, Cisco, and Volkswagen, has announced its data marketplace, a Tangle-based solution built to help monetize data.
IOTA co-founder David Sønstebø said the data marketplace will enable companies to distribute and monetize data via blockchain technology.
Cryptocurrency casino BitDice will be integrating IOTA’s technology on its next-generation platform.
IOTA is based on Tangle, a third-generation blockchain technology that uses a directed acyclic graph. With Tangle, users will have to work to approve other transactions. The Tangle ledger will also be able to settle transactions with no fees.