About IOTA Foundation
The IOTA Foundation is a not-for-profit organization headquartered in Berlin, Germany. The Foundation's mission is to support the development and standardization of new distributed ledger technologies (DLT) that drive permissionless innovation ecosystems, in particular, the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet-of-Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other types of oracle data.