The IOTA Foundation is the Next-Generation Blockchain and was initiated with a very clear and focused vision of enabling the paradigm shift of the Internet of Things, Industry 4.0 and a trustless ‘On Demand Economy’ through establishing a de facto standardized ‘Ledger of Everything'. It aims to enable all connected devices through verification of truth and transactional settlements which incentivize devices to make available its properties and data in real time. The IOTA Foundation is based in Berlin, Germany.