Iota functions as a lightweight distributed ledger created to maximize scalability, quantum resistance and decentralization. This cryptocurrency for the Internet-of-Things (IoT) industry enables companies to explore new b2b models by making every technological resource a potential service to be traded on an open market in real time, with no fees. IOTA looks to be the backbone of the new autonomous machine economy. At its' core, the 'Tangle' ledger is able to settle transactions and store data securely with verification. Tangle is a directed acyclic graph (DAG) for storing transactions on a blockless ledger. This is the next evolutionary step for decentralization and peer-to-peer network technology. A partnership with Microsoft should provide validity to this internet of things initiative.