IOTA - Ledger of Things
- 2. Internet of Things “50 billion connected devices in 2020” -Cisco
- 5. Single Source of Failure
- 6. Censorship
- 7. Smart Devices, Dumb Network
- 8. Zombies!!!!
- 9. Blockchain “Why the Blockchain Is the Biggest Thing Since the Internet” -NASDAQ Blockchain
- 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. Single Source of Truth Shared Truth
- 12. Illustration from Bitwage.com + = ?
- 13. Blockchain’s Limitations ● Scalability ● Storage ● Bandwidth ● Fees ● No Data Privacy ● Expensive Data Storage
- 14. I o T Requirements ● Low Resource Consumption ● Widespread interoperability ● Billions of nano-transactions ● Data Integrity
- 15. The solution Rethink from scratch A revolutionary new distributed ledger designed for Machine-to-Machine interactions.
- 16. Blockchain without the Blocks and the Chain. What??? Tangle
- 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. Tangle
- 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. CAP Theoreom ● Consistency ● Availability ● Partition-Tolerant
- 21. ● No Fees ● Scalable ● Quantum Proof ● Modular ● Lightweight ● Offline
- 22. $0.01 - $0.01 + $0.01
- 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
- 25. Go Offline Offline Tangle Cluster Main Tangle
- 26. If this then that Smart Contracts Turing Completeness Security Very Cheap Scalable Low Entry Barrier (based on SQL)
- 27. OUR VISION
- 29. Sharing Economy 2.0 Anything with a chip in it can be leased Devices trade resources among each other
- 30. CURRENT STAGE
- 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. 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. USE CASES
- 35. Supply Chain Visibility Banks Insurance Providers Customs Importers/Exporters Shipping Liners Logistic Companies 10110 00110 01011 < / >
- 36. Smart-Grid
- 37. Other Use Cases ● Sensor Data selling & Data Marketplace ● On-demand API access ● Data Integrity (insurance, banking, etc.)
- 38. Join our Community Website: https://iotatoken.com Slack: https://slack.iotatoken.com Github: https://github.com/iotatoken
- 39. IOTA DEVELOPER GRANTS >$50,000 (soon to be announced)