IOTA is an open-source distributed ledger protocol. IOTA follows the model of a decentralized, free of charge, scalable and modular platform for IoT. The ideal market for a real-time B2B exchange of IoT where potentially any service can be traded. Its core innovation is the blockless ‘Tangle’, a revolutionary new blockless distributed ledger which is light and scalable, making it possible to transfer value without fees. As a result, in contrast to today’s Blockchains, consensus is an intrinsic part of the system, there for contributing to decentralized and self-regulating peer-to-peer network.