Becose it does not use blockchain! It is new technology:
This video convinced me :)
https://cointelegraph.com/news/time-has-come-for-blockchainless-technology-iotas-david-s%C3%B8nsteb%C3%B8
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RE: Daily: Aug 1st Bitcoin Cash Confusion, IOTA partners with F6S
https://cointelegraph.com/news/time-has-come-for-blockchainless-technology-iotas-david-s%C3%B8nsteb%C3%B8