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

1. IOTA
Ledger of Things

2. Internet of Things
“50 billion connected
devices in 2020”
-Cisco

3. Cloud EVERYTHING

4. Problems of IoT

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
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1010001111010
1100100101111
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0000001011101
0100111101010

24. Scale
Usability
Blockchain
IOTA
Tangle
Scalability

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

28. Economy of Things

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

34. Bandwidth on demand

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)

40. QUESTIONS?
Email Us:
contact@iotatoken.com
Twitter:
@iotatoken