eGaaS - the Best ICO 2016 year

in egs •  8 years ago 

http://egaas.org/ico/index.html

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.
Egaas is rebranded from Daylight, because a trademark has been used by other projects.
EGaaS is a blockchain platform for organizing economic, public and social activities.
In EGGAS technology, there are 4 principles needed for efficient translation, which the combination will be a very efficient tool. The purpose of this technology is to be made is to illuminate the niche dai shadow financial system and the political.

The eGaaS blockchain platform
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.

Business
eGaaS is a complete tool for effective business operations. It contains a common structure of registries (companies, products, licenses, etc.), whose objects are used when drawing up smart contracts. The smart law system secures automatic deduction of taxes, customs duties and other charges.

Social protection
Keeping records of the income and medical data of citizens would allow the government, or more precisely, a special smart law, to optimally implement social support in the form of disability pensions, various allowances and benefits. The state pension system is also implemented on the basis of smart laws, which automatically allocates social tax, calculates pensions and starts paying them when the citizen reaches a retirement age.

Finance
For a State to join the common blockchain platform, it needs to first open eGaaS accounts for all individuals and legal entities in its Central Bank. From this point onwards, all financial transactions — from buying of goods in the shop to execution of state budget — will be conducted under the control of smart laws. Any financial obligations (repayment of loan, insurance payout, payment of bills) are secured via smart contracts and are executed automatically. eGaaS protocols easily and reliably implement p2p lending procedures.

Egaas is rebranded from Daylight, because a trademark has been used by other projects.
EGaaS is a blockchain platform for organizing economic, public and social activities.
In EGGAS technology, there are 4 principles needed for efficient translation, which the combination will be a very efficient tool. The purpose of this technology is to be made is to illuminate the niche dai shadow financial system and the political
The four functions are:

  1. Financial System
    For a State to hitch the common blockchain platform, it must initial open eGaaS accounts for all people and legal entities in its financial organization.
    From here onwards, all financial transactions — from buying items in the store for the implementation of the state budget — will be carried out under the control of a smart law.

  2. Register Structure
    Smart laws and Smart contracts will operate expeditiously on condition that most variety of registries is transferred to the eGaaS platform: registries of individuals and legal entities, property, copyrights, inventions, etc.

  3. Smart Contract Algorithm
    Smart contracts mechanically implement the rule of deals involving written account objects and with attainable fiat-currency transactions.
    All state laws, whose subjects area unit the objects listed within the eGaaS blockchain registries, area unit transferred into sensible law format. sensible laws area unit directly effective laws. Implementing them doesn’t need intermediaries or regulative authorities.

  4. Mechanism For Formation And Execution Of Smart Laws
    Each State severally sets the structure of its state organs, establishes its governance and principles of relations between voters and establishments. eGaaS solely regulates the protocols for confirming and recording knowledge within the registries of governments, provides templates of basic sensible laws and supports their adoption and implementation mechanism.

The eGaaS blockchain
the eGaaS blockchain platform is a peer-to-peer (P2P) network, where each node contains a complete database of the system. To synchronize database changes and to protect it against unauthorized changes the blockchain technology is used. Current database changes sent to the network by users — values entered, new objects, their attributes and relationships added — accumulate on the node that currently has the right to create a block. The node checks both the entries (transactions) and their compatibility with each other, signs a formed block with a private key and sends it to the network. Other nodes check the right of the signing node to create block, the validity and compatibility of the transactions in the block and the correctness of the signing. If the nodes do not find any error, they execute the transactions prescribed in the block, that is, modify the databases synchronously.

http://egaas.org/ico/index.html

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Official links:
Site: http://egaas.org
Twitter: https://twitter.com/egaasproject
Facebook: https://www.facebook.com/EgaasProject
Telegram: http://telegram.me/eGaaS
Slack: https://egaas.slack.com

CryptoDoncov

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