IOTA is an open-source distributed ledger providing secure protocols and payments between machines on the “Internet of Things”.
Iota has developed a data marketplace where third-party sensor data can be purchased. The marketplace allows connected devices to securely transfer, buy and sell fine-granular and diverse data across the globe to any buyer.
For instance, if you are a weather forecasting service and you want to populate your current weather database, you can select your data suppliers from the marketplace. That data is purchased using Iota and, if you are a weather service, you may choose to mine that data and make predictions, and on-sell that data on your customers.
- IOTA Tangle – Introductory Overview of White Paper
- Robert Bosch Bets on IOTA