The Internet of things (IOT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and network connectivity which enables these objects to connect and exchange data. Each thing is uniquely identifiable through its embedded computing system but is able to inter-operate within the existing Internet infrastructure.
Experts estimate that the IOT will consist of about 30 billion objects by 2020. It is also estimated that the global market value of IoT will reach $7.1 trillion by 2020.
Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.
For the first time ever true micro and even nano-transactions are enabled due to the unique Tangle architecture. This nurtures brand new business opportunities for companies that prohibitive fees has kept in the realm of the impossible until now.
Core feature of True Block-chain Academy (TBA) is the ability to transfer data through the Tangle. TB gives you several options to do so, making it possible to establish secure and authenticated communication channels between devices. All data which is transferred through TB is fully authenticated and tamper-proof - making attacks impossible.
Masked Messaging enables nodes to exchange data through the Tangle, fully authenticated and encrypted. This means that devices can transmit valuable and sensitive data with quantum-proof security through the Tangle, ready to be analyzed later. Masked Messaging makes it possible to share data with multiple parties easily, similar to a radio, multiple parties can simply tune in on your frequency and get the broadcast data
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A Virtual Digital Asset is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Virtual Digital Assets are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin, created in 2009, was the first decentralized virtual digital asset. Since then, numerous other virtual digital assets have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control[9] as opposed to centralized electronic money/central banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.