What is EGaaS?
EGaaS is a blockchain platform for organizing economic, public and social activities. These events are powered by smart laws and smart contracts.
According to information on the eGaaS website, eGaaS’s main mission is to free people, business and governments fr om routine bureaucratic procedures and to serve as a tool that could be used to organize any activity and exercise control over that activity without document circulation.
The team behind eGaaS comprises a list of specialists fr om the technology industries, with names such as Oleg Strelenko, Blockchain developer, and founder and CEO of eGaas, and Frontend Developer Yuriy Lomakin.
http://egaas.org/ico/index.html
November 15 ICO and beta testing of Electronic Government as a Service (eGaaS) begins (eGaaS Manifest, White Paper: eGaaS).
eGaaS is an international blockchain platform for organizing the economic, state and social activities of citizens and their communities on the basis of smart law and smart contract system.
eGaaS implement four basic functions needed for efficient transfer of most types of government, legislative bodies and business activities into blockchain technology: financial system, registry structure, smart contract algorithm, smart law formation and execution mechanism.
In eGaaS — for the first time — is implemented a mechanism for formation and execution of smart laws. Smart laws are algorithms describing the rules and conditions regulating the execution of state laws. The credibility of smart laws is confirmed by the digital signatures of representatives of legislative bodies. Smart laws regulate the creation and execution of smart contracts. They automatically regulate the relationship between individuals and organizations in all areas of state activity — from civil registration to tax remissions.
http://egaas.org/ico/index.html
Common space for smart contracts
From this analysis, it can be concluded that the obvious benefits of the blockchain technology can be fully realized only within a common enclosed information space, that is, within a common blockchain platform for all possible data types. This was the idea that formed the basis for the eGaaS project. The following principles lie at the heart of the eGaaS blockchain platform :
· Only those data that are generated within the platform can have full credibility;
· These data would be credible only if they are used within the platform;
· Maximum credibility of data inputted into the system from the outside can be obtained only if there is an extremely formalized and legally verified offline protocol, implemented at the level of governments.
In today’s world when all spheres — state, financial, economic, social — are extremely intertwined, interdependent and integrated into a common information flow, blockchain can be a reliable and effective platform only if data on maximum number of objects and agents involved in activities in these spheres are included. That is, the eGaaS database should incorporate all possible registries: of citizens, property, organizations, shareholders, industrial products, copyrights, licenses, etc. Besides, it is obvious that all financial activities delegated most likely to the central bank of the country has to be transferred to a common blockchain platform.
However, full functionality and maximum efficiency of such a common blockchain can be secured only by including in it the legislative regulations of the state. This will complete the creation of a closed information space required for efficient functioning of smart contracts. It is only when agreement objects (registry objects), conditions of agreements (legislative regulations, tariffs, standards), financial instruments, and, of course, transaction agents are joined in the common data space that smart contracts can be actually used for mass purposes.
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http://egaas.org/ico/index.html
Links:
Official Website: http://egaas.org
Twitter: https://twitter.com/egaasproject
Facebook: https://www.facebook.com/EgaasProject
Telegram: http://telegram.me/eGaaS
Slack: https://egaas.slack.com
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