- BOS Platform Foundation launches a new brand called 'BOSAGORA'
to realize the vision in the BOS Project White paper 1.0
- A new Mainnet to be developed will implement Consensus
Algorithm, Democratic Congress Consensus Process, and Trust
Contracts
- Announcement of an external Technical advisory board and a new
internal Development team to enhance development transparency and
completeness
SEOUL, South Korea,
May 16, 2019 /PRNewswire/ -- BOS
Platform Foundation held a press conference on and announced its
vision and plans for the future technological development of
'BOSAGORA (Symbol: BOA)', which is a newly launched platform.
BOSAGORA is a public blockchain platform where decentralization
and open membership-based Congress (Node Operators) develop the
ecosystem through a democratic consensus process. This embodies the
vision and philosophy of BOS Project white paper 1.0 announced
during the establishment of the Foundation in 2017.
The vision of the white paper 1.0 is the creation of governance
system embedded public blockchain platform that allows coin holders
to propose and adopt projects that would benefit them within the
congress and use the commons budget. In anticipation of this
ingenuity, ICO achieved its hard cap in 17 hours. The Foundation
utilized the term 'Agora', an ancient Greek square in which
democratic discussion took place, for the name of the new platform
to implicate the philosophy of 'the democratic participation of
coin holders'.
The Foundation devoted itself to scout proper developers and
advisors for the new project. Mathias
Lang, who has a high-level real-time distributed system and
compiler development experience, has been appointed CTO, and an
external global advisory board with extensive experience, including
the participation in various Ethereum projects have also been
recruited.
In particular, Mathias Lang had
participated in the Mainnet project of the BlockchainOS, and is
considered to be the most optimal developer who already fully
understands the original essence of the project and the current
problems.
Currently, most platforms that incorporate congress voting have
technical limitations, such as failing to prevent a decrease in
speed, to include only certain nodes in a limited number of votes,
or to record results only in the blockchain, rather than the entire
voting process. The development team will focus on developing
advanced contracting capabilities, including the congress
governance module and the Trust Contracts.
The Foundation also views the congress voting function as an
object of evolution. In the existing blockchain projects, the
exchange of opinions on the voting agenda was mainly carried out on
online communities such as the Telegram group. Therefore, it is
impossible to expect a systematic deliberation such as the
presumption of agendas, orderly discussion, discrimination of false
information, group opinion gathering, etc. As the solution to this
problem, the Foundation is considering applying a decentralized direct democratic
decision-making system called 'DeFora', which is being developed by
KoSAC (Korean Smart Authentication Corp), a world class
authorized source technology holder in the field of 'homomorphic
encryption' technology (a technique that allows data to be
decrypted and computed while encrypting data).
With use of DeFora, the Foundation aims to accomplish the direct
democracy within the eco-system by providing congress members with
Anonymous Authenticated Identity (AAID) to support free discussion,
ensuring equal opportunity for participation in speech through a
decentralized content production and curation system (PoV; Parity
of Voice), and blocking some power-led decision-making.
The Foundation also shared a roadmap of Mainnet development. To
facilitate the transaction of existing holders, the Foundation will
launch an ERC20-based token first, pursue exchange listing
opportunities in June, and eventually plan to switch to its own
unique coin platform next year.
Meanwhile, the BOS Platform Foundation has announced they have
taken measures to ensure that it is impossible for a corporate CEO
to concurrently serve as a foundation director as an anti-conflict
measure to enhance transparency of operations, and has formed an
expert external technical advisor group to enhance fairness in the
development process and the completion of the outcome.
Serge Komaromi, the Founder of
the BOS Platform Foundation, stated, "The Foundation will focus on
its checks and balances role, and will manage technology
development and budget more transparently and rationally than any
other project."
The President of the BOS Platform Foundation, In Hwan Kim,
explained, "It was a difficult
decision to start a new project, but I am confident that it will be
a fresh start to realize the vision of white paper 1.0."
CTO of BPF Korea, Mathias Lang,
indicated, "I was fascinated by the philosophy of the white paper
1.0 of BOS Project, and decided to join the project to help fulfill
this vision. We will create a Mainnet that properly implements
decentralization and Complete Direct Democratic Consensus.
(CDDC)"
BPF Korea was established in Korea as a project operator with
100% ownership of the BOS Platform Foundation, and is in charge of
BOSAGORA's Consensus Algorithm, Trust Contracts, Congress Network,
and platform operation.
[BOS Platform Foundation]
The BOS Platform Foundation is a foundation established in
Switzerland in 2017 in order to
develop and promote the BOS Platform-based technology protocols and
applications. Thus, the BOS Platform Foundation has the authority
to fund and support the project.
[BPF Korea]
BPF Korea is a project operating company that is 100% owned by BOS
Platform Foundation and is responsible for BOSAGORA's Consensus
algorithm, Trust Contracts, development and commercialization of
Congress Network, platform operation, and marketing.
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SOURCE BOS Platform Foundation