Internet of Things Application (IOTA) is a distributed ledger technology company that created its own version of Blockchain Technology by taking the concept, solving its inefficiencies and creating something new: Tangle Technology. One of the company's many goals is to create a world where you can not only own your personal internet data, but also sell it for a profit. It would work through microtransactions without fees. The concept will have the Internet of Things generating zettabytes of data, and through IOTA there will be an incentive to trade this data for other value.
IOTA plans to do what they do best: take a concept, solve it’s inefficiencies and create something new. This will create new industries, change everything about digital advertising and completely overhaul the way technology communicates.
In simple terms, it’s like how Ebay allows you to sell your own assets, IOTA will allow you to sell your own data.
More Stats +/-
IoT Car Gadgets
IoT-Connected Delivery Trackers
Rentable IoT Pop-Ups
Military-Grade IoT Security Devices
IOT Kitchen Appliances
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Internet of Things Application Boosts Autonomy in How Consumer Data is Sold
- By: Mark OnuferJun 26, 2018