We have our white paper, we have more coming out, and we have more research being done. We are very much practical. We’re engineers. We want to build things, we test, we simulate, and we see how things work, rather than writing a paper and waiting. That will maybe take ...

Yeah. We’ve engaged in a lot of universities regarding the mathematical proofs regarding...There are two very different approaches. There’s one called SPECTRE, which is from an Israel university. They’re a DAG-based coin, so directed acyclic graph. They’re not ready yet. They’re still writing their paper, and they focus very much ...

Being able to make sure that we can have this technology, have it used safely, without the risk of money laundering and stuff like that, to enable the value to be gained from distributed ledger, or more specifically the Tangle in IOTA, that can be realize.

Especially in my country, in Australia, I don’t actually think they understand what technology is. [laughs] They’re legislators and they just put a very heavy hand on these issues. I think there needs to be more regulation, but it needs to be a balanced approach.

Privacy, yeah. That’s an interesting way of looking at it. We understand that the technology we’re building isn’t in a vacuum. We want to make sure that we’re able to work with the regulators to ensure that this goes through correctly.

No, [laughs] it definitely isn’t. Like with any distributed ledger, you can do analysis, and you can follow transactions. It’s not on the level of a Zcash or a Monera, which is a bit more specialized in privacy. [laughs]

Additionally, the value that distributed ledgers allow for is money or value to transferred.

The IOTA Foundation works on the technology for the Tangle, with is the architecture of the network and how it functions, but also the IOTA core. IOTA is the currency. There is a token on top of the network. The network can be used without the token, so it’s still ...

Good marketing.

In terms of what we’re looking to do in Asia, we have very good connections in Europe, and we have some connections in the United States, but we’re looking to set up more offices in North Asia. [laughs]

In terms of what we’re doing, there’s a number of vehicle research happening in the office in Chicago. On the other side, we’re more looking in terms of fintech and some of the more smaller-scale transactions. We enable market transactions, because we don’t have fees, which is quite cool. That’s ...

Also with what we have just released with the data marketplace, we can demonstrate that IOTA is very useful in terms of securing and sending data through its network, but also being able to enable that to be queried, visualized. If you want a value transfer to happen, you can ...

Instead of having a centralized backbone, you use the IOTA network, and you’re able to transfer value and receive energy for that, at a very, very small scale. With the Taiwan example that was given with the LASS network.

Yeah. We want to have this device, this vehicle become its own actor, and then be able to interact. This is a manifestation of what we want. This is the realistic example of an individual device being able to interact with its environment. We want the same thing for the ...

Once you start to have autonomous vehicles and these sorts of things, you need to be able to have the data coming out of them. You need to have data coming out of them and interacting with their environment so that the parking sensors, the toll booths, the city traffic, ...

We have a number of different areas of focus, and a lot of these fall under the purview of IoT. One of the large ones is, as we’re German based, we also have a lot of connections with the auto industry there, their vehicles. We’ve been working with Volkswagen and ...

Have you been asked this?

Yeah, when he gets it yeah, maybe a bit more.

Yeah, so our lead engineer on the core, he tried to do it, and then was building it, but he just got to the point where the memory management was getting a little bit annoying for him, so he he’s like, "No, fuck it." [laughs]

Actually, we tried Rust.

I don’t think there are any particular favorites we will play, [laughs] which is good, because you have manufacturers in China, in the US, and all these countries. They have their own interests, and they want to make sure that what they have is secure. Maybe having an Intel product ...

Given that, they’re looking at designing their chips, but also releasing some of the designs and the system that IOTA is built on is open source, so anyone who wants to use it is able to do so. We don’t really take any special partnerships or anything like this that ...

They were like, "We need new hardware because the current hardware is not working that well or we’ll not scale to the point we need." They’ve done something controversial, they’re looking at building ternary processors. Yeah, so everyone is like "Why are you doing this? What’s going on?" We have ...

The IOTA originally came out of a hardware startup. That’s still going. It’s called Jinn Labs I think. Where the effects came from is they wanted to make the future of IoT and the machine economy in the truest sense of the word possible.

Yeah. [laughs]

Yeah. That’s a bit of an interesting one, given the architecture of our network. It’s a little bit harder. Little bit is an understatement. It’s harder to do time stamping, and with that, smart contracts, but there is an approach and it’s being worked on right now to be able ...

It doesn’t discriminate on any transaction value, so you know if you have a transaction that’s worth a million dollars or you have a transaction that’s worth zero, they’re both equal in the network. Anyone can participate and set up a full note, you just need to be able to ...

It’s permission-less.

That’s great.

They haven’t been able to access that until three weeks ago. That was about a year and a half with one arm tied behind their back, and they built this product, and now we’re kind of moving forward a lot better.

They released all of the tokens. They had to buy their own back, and then, after they delivered the working product, they asked the community, "If you want our foundation to be able to, to, to build, and, and, and work with corporates and build community, um, we would like ...

Yeah, and you really see it in their communications. They’re not marketing people, they’re technology people, and it shows. You see [laughs] them in some of their interviews, and they swear a little bit. They’re themselves, though. They’re very true to the technology they want to bring forth.

They did that, and then, from...

None of it was reserved. None of it was pre-allocated, and then, they had to buy back what they wanted, [laughs] which is quite funny. I don’t think anyone has ever done that, [laughs] still to this day.

Yeah, but only recently [laughs] we’ve been able to actually access the funding that we’ve been given. We’ve just got registered as a not-for-profit in Germany, which has very strict laws, and it took us about a year to get that through. What happened was, at the ICO there was ...

We all have our different areas, and we’re able to interact. If we need help or if something needs to be done, we all collaborate together. We found that works quite well. We have about 30 developers at the moment, and we’re scaling up.

I work on the tasks that I’m given, but my role is lead ecosystem developer, so I liaise with corporates and the community to be able to help them onboard with the technology. I write some libraries and stuff to help people get involved, but there are others who work ...

We’re quite self-directed in how we work. We have a fairly flat structure. Everyone has their own roles. For me, my role was Platform Lead for the thing that was released last night. It was a little bit stressful doing the meet-up and then making sure that it went out ...

We have offices, like an innovation lab, so we just announced one in Singapore, LATTICE80, which is a Fintech hub. We have another one in Chicago with the Boston University. We’re working with some of the laboratories there, which is cool. Then, we also have our headquarters in Berlin.

But there’s no requirement for us to present at them, so there are developers all across the world, in Norway, at Berlin, Minsk, US, all sorts of staff, so it’s very distributed, and we’re working on distributed ledgers.

Oh, yeah.

I’m based in Melbourne at the moment, but we don’t really have any individual offices for our developers. We have...

Sorry. [laughs]

There was an ICO for, I think, one of the Oracles, and then he went and funded another one, which was not ICO.

My bad. I completely messed that one up for you.

Yeah. Oh no, sorry, the Oracles, sorry.

Yeah, Raiden.

I think it was interesting though that Raiden went and did an ICO, then you have the talent kind of backing Oracle network which is not ICO, which is kind of interesting, [laughs] because you have this scaling problem then you’re like, "Ah, now there’s an ICO for the thing ...

I’ve never met...

Thank you. Sorry, I don’t have a card to give to you.