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IOTA
Ledger of Things
Internet of Things
“50 billion connected
devices in 2020”
-Cisco
Cloud EVERYTHING
Problems of IoT
Single Source of Failure
Censorship
Smart Devices, Dumb Network
Zombies!!!!
Blockchain
“Why the Blockchain
Is the Biggest Thing
Since the Internet”
-NASDAQ
Blockchain
● Datasets shared amongst all
parties
● Every party can verify the
datasets of other participants in
the network
● Tampere...
Single Source of Truth
Shared Truth
Illustration from Bitwage.com
+ = ?
Blockchain’s Limitations
● Scalability
● Storage
● Bandwidth
● Fees
● No Data Privacy
● Expensive Data Storage
I o T Requirements
● Low Resource Consumption
● Widespread interoperability
● Billions of nano-transactions
● Data Integri...
The solution
Rethink from scratch
A revolutionary new
distributed ledger designed
for Machine-to-Machine
interactions.
Blockchain without the Blocks
and the Chain. What???
Tangle
Blockchain
● Limited to Block Size and
Time
● Not scalable
● Transaction Censorship
(fee thresholds)
● Centralization
● Co...
Tangle
Tangle
● Bundles all transactions in a Directed Acyclic
Graph (DAG)
● Completely self-regulating, consensus no
longer deco...
CAP Theoreom
● Consistency
● Availability
● Partition-Tolerant
● No Fees
● Scalable
● Quantum Proof
● Modular
● Lightweight
● Offline
$0.01
- $0.01 + $0.01
Data Integrity
● Data is tamper-proof
● Enables automatic
processes
● Remove humans from
the equation
1001
0101
0011
1001
...
Scale
Usability
Blockchain
IOTA
Tangle
Scalability
Go Offline
Offline Tangle Cluster
Main Tangle
If this then that
Smart Contracts
Turing Completeness
Security
Very Cheap
Scalable
Low Entry Barrier
(based on SQL)
OUR VISION
Economy of Things
Sharing Economy 2.0
Anything with a chip in it can be leased Devices trade resources among each other
CURRENT STAGE
Protocol and Network Statistics
- Official launch July 11th
- 1 year of development
and testing
- Community of 1000+
- Mor...
IOTA Foundation
We are an open-source, non-profit Software
Foundation. Goal of the Foundation is it to
establish IOTA as a...
USE CASES
Bandwidth on demand
Supply Chain Visibility
Banks
Insurance Providers
Customs
Importers/Exporters
Shipping Liners
Logistic Companies
10110
001...
Smart-Grid
Other Use Cases
● Sensor Data selling & Data Marketplace
● On-demand API access
● Data Integrity (insurance, banking, etc.)
Join our Community
Website: https://iotatoken.com
Slack: https://slack.iotatoken.com
Github: https://github.com/iotatoken
IOTA DEVELOPER GRANTS
>$50,000
(soon to be announced)
QUESTIONS?
Email Us:
contact@iotatoken.com
Twitter:
@iotatoken
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IOTA - Ledger of Things

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This is a presentation I gave about IOTA, which is a revolutionary new distributed ledger specifically developed for the Internet of Things. I discuss the limitations of Blockchain, the benefits and features of IOTA, as well as our vision. We see IOTA as the backbone of the emerging Machine Economy, where any kind of resource and machine will be purchasable on-demand. If you are interested in joining or learning more about IOTA, please go to https://iotatoken.com

Published in: Technology

IOTA - Ledger of Things

  1. 1. IOTA Ledger of Things
  2. 2. Internet of Things “50 billion connected devices in 2020” -Cisco
  3. 3. Cloud EVERYTHING
  4. 4. Problems of IoT
  5. 5. Single Source of Failure
  6. 6. Censorship
  7. 7. Smart Devices, Dumb Network
  8. 8. Zombies!!!!
  9. 9. Blockchain “Why the Blockchain Is the Biggest Thing Since the Internet” -NASDAQ Blockchain
  10. 10. ● Datasets shared amongst all parties ● Every party can verify the datasets of other participants in the network ● Tampered datasets are excluded ● An immutable single source of truth is established Distributed Ledger
  11. 11. Single Source of Truth Shared Truth
  12. 12. Illustration from Bitwage.com + = ?
  13. 13. Blockchain’s Limitations ● Scalability ● Storage ● Bandwidth ● Fees ● No Data Privacy ● Expensive Data Storage
  14. 14. I o T Requirements ● Low Resource Consumption ● Widespread interoperability ● Billions of nano-transactions ● Data Integrity
  15. 15. The solution Rethink from scratch A revolutionary new distributed ledger designed for Machine-to-Machine interactions.
  16. 16. Blockchain without the Blocks and the Chain. What??? Tangle
  17. 17. Blockchain ● Limited to Block Size and Time ● Not scalable ● Transaction Censorship (fee thresholds) ● Centralization ● Consensus Decoupled ● 80% of miners from China ● ... “Include my transaction, here is my fee”
  18. 18. Tangle
  19. 19. Tangle ● Bundles all transactions in a Directed Acyclic Graph (DAG) ● Completely self-regulating, consensus no longer decoupled ● Very Scalable. Low overhead Proof-of-Work to prevent spam
  20. 20. CAP Theoreom ● Consistency ● Availability ● Partition-Tolerant
  21. 21. ● No Fees ● Scalable ● Quantum Proof ● Modular ● Lightweight ● Offline
  22. 22. $0.01 - $0.01 + $0.01
  23. 23. Data Integrity ● Data is tamper-proof ● Enables automatic processes ● Remove humans from the equation 1001 0101 0011 1001 0101 0011 1001 0101 0011 1001 0101 0011 1001 0101 0011 1001 0101 0011 1001 0101 0011 1001 0101 0011 100101010011 1010001111010 1100100101111 0011010000011 11001111100110 0000001011101 0100111101010
  24. 24. Scale Usability Blockchain IOTA Tangle Scalability
  25. 25. Go Offline Offline Tangle Cluster Main Tangle
  26. 26. If this then that Smart Contracts Turing Completeness Security Very Cheap Scalable Low Entry Barrier (based on SQL)
  27. 27. OUR VISION
  28. 28. Economy of Things
  29. 29. Sharing Economy 2.0 Anything with a chip in it can be leased Devices trade resources among each other
  30. 30. CURRENT STAGE
  31. 31. Protocol and Network Statistics - Official launch July 11th - 1 year of development and testing - Community of 1000+ - More than 2m transactions - $60m+ of value transferred - More transactions per second than any blockchain
  32. 32. IOTA Foundation We are an open-source, non-profit Software Foundation. Goal of the Foundation is it to establish IOTA as a standard in the IoT stack.
  33. 33. USE CASES
  34. 34. Bandwidth on demand
  35. 35. Supply Chain Visibility Banks Insurance Providers Customs Importers/Exporters Shipping Liners Logistic Companies 10110 00110 01011 < / >
  36. 36. Smart-Grid
  37. 37. Other Use Cases ● Sensor Data selling & Data Marketplace ● On-demand API access ● Data Integrity (insurance, banking, etc.)
  38. 38. Join our Community Website: https://iotatoken.com Slack: https://slack.iotatoken.com Github: https://github.com/iotatoken
  39. 39. IOTA DEVELOPER GRANTS >$50,000 (soon to be announced)
  40. 40. QUESTIONS? Email Us: contact@iotatoken.com Twitter: @iotatoken

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