Who is backing IOTA?

Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener, who joined later, together co-founded IOTA. The project was announced in October 2015 through a post announcing a token sale in an online bitcoin forum. 2 The roots of IOTA go back to the Jinn project .

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Is IOTA a Permissioned blockchain?

A private Tangle is a permissioned private IOTA network that is fully under your control and can be used to explore, test applications or showcase IOTA’s technology offline. … IOTA value tokens only exist in this network, which thanks to its nature, allows these tokens to be spent anywhere.

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