IOTA is a blockchain that allows transactions in parallel which makes it an interesting solution for all kind of smart devices.

The Internet of Things (IoT) describes as system of smart devices like Smartphones, activity tracker (like Fitbit), voice assistants (like Siri or Alexa), cars (like Tesla) and many more "things" that communicate with each other without requiring human interaction.

Blockchain is the technology behind most cryptocurrencies. Simplified, it consists of a list of transactions that anyone can view and verify. Blockchain technology allows secure, fast and inexpensive payments to anyone, anywhere in the world. Without the need of a middleman like a bank.