iota Technologies

Iota Technologies is an open-source distributed ledger that holds all the records of transactions, It uses a directed acyclic graph that flows in only one direction and does not go in circles, to store all the transactions on its ledger. 

Company details:

• Founder: David Sonstebo, Dominic Schiener, Dr Serguei Popov, and Serge Ivancheglo.
• Founded year: 2015 
• Headquarters: Berlin, Brandenburg, Germany 

Services offered by IOTA Technologies 

• Secure, feeless exchange of data and value using distributed ledger technology.
• Provides Digital Identity Solutions by verifying identities for individuals and devices.
• Tracking and tracing with digital twins for transparency.
• Provides Smart Contracts & IoT Integration.

FAQs

1. Is IOTA completely feeless?

Yes, IOTA is built to be feeless, processing of transactions does not require any payments from users to miners or validators.

2. What are the use cases of IOTA?

Smart cities, supply chains, the automotive industry, and digital identity and data integrity.