IOTA presented at Blockcrypto Brazil

Last Tuesday and Wednesday (Sept. 25 and 26), Blockcrypto Brazil took place in San Pablo where IOTA was represented by Serguei Popov (IOTA Co-Founder), members of IF research team, IEN and Ecosystem Developers.

On this occasion, congress attendees had four opportunities to discover IOTA:

  1. Serguei Popov’s talk about IOTA
  2. Panel during which a use case related to Real State was presented (Housing-as-a-Service) by Rafael Presa
  3. IOTA panel with Popov, Olivia Saa and Paulo Finardi, moderated by Cassio Gusson (Criptomoedasfacil Director)
  4. A XDK2MAM “hands on” workshop provided by Alejandro Elustondo and Daniel De Michele.

Serguei Popov’s talk

Following the main panel, Blockchain Overview in Brazil and World consisting of Stan Larimer (Bitshares and Cryptonomex CEO), Joel Dietz (Swarm Research Founder) and Alex Nascimento (Managing Director at 7CC), Dr. Serguei Popov gave his talk titled IOTA and Tangle: basic principles.

The goal was to explain what IOTA is in 30 minutes to a Blockchain audience constituted by a mix of business and technology professionals. After a brief background on how and why IOTA came into being, Popov explained the fundamentals of this new DLT, how its revolutionary data structure works, and some of the key aspects such as its lack of transaction fees.

Since this was a Blockchain congress and most of the people had not heard about the Tangle, the talk was kept as clear as possible. Later, an IOTA panel would provide space to go in depth on some concepts such as scalability, tip selection algorithm, and quantum computing resistance.

The audience listened to Popov intently during his talk, and ended up with lots of questions about difficult-to-grasp aspects of this revolutionary DLT. This gave him a chance to explain a bit more about things that didn’t get covered in the talk itself.

Housing-as-a-Service, an IOTA use case

At the use cases panel, Rafael Presa presented a new business model for the real estate industry using the Tangle. It’s a new technology that allows for a much fairer way to charge tenants or, by his definition, users. The idea for Housing-as-a-Service was inspired by three other concepts: Microtransactions, sharing economy, and Internet of Things.

Rafael Presa introduces Housing as a Service as IOTA use case

Those ideas converge on the fact that the co-living spaces are growing around the world as we see a change in the mindset and habits of a new generation. A core of the changing new mindset is that it’s not fair to pay for what you don’t use. Not only for shared utilities, but even the appliances, tools, inputs, and furniture can be properly billed on a per-use basis. In a traditional system of bookkeeping, granular details like this are almost impossible to account for, which is why Rafael is working on applying the IOTA Tangle in association with biometric technology and IoT, allowing for a much more fluid payment process that happens in real time instead of a more traditional and restrictive daily or monthly period.

On the other hand, investors and property owners will see a reduction in their operational costs, a decrease in vacancy, and a more trust-able way to avoid problems with bad users. This overall improved experience is afforded due to all of the steps in the process, from the search and request aspect all the way to the property access aspect, being automated and relayed in a score-and-match procedure.

IOTA Panel: advantages of using IOTA

At the end of the first Congress day, Cassio Cusson moderated a panel with Serguei Popov and the IF research team in Brazil including by Olivia Saa and Paulo Finardi. This was a more technical approach to some of the most interesting aspects of IOTA, explained by mathematicians.

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