Unlike the variety of existing blockchain projects which are mostly aimed at accomplishing specific tasks, eGaaS offers a comprehensive solution to transfer all tools needed for state and business management to the blockchain platform.eGaaS allows to create registers of the objects involved in legal and economic relations: individuals and legal entities, real estate objects, securities etc. The management of financial operations is transferred to the Central Bank that sets up eGaaS accounts for all citizens and organizations and carries out transactions in national currency.
To perform business operations eGaaS supports smart contracts’ technology that automatically implement the algorithm of deals with register objects using transactions between the Central Bank's accounts.But the main know-how of eGaaS is the mechanism of creation and implementation of smart laws. Smart laws are electronic algorithms describing the rules and conditions of implementation of the state laws confirmed by digital signatures of representatives of the legislative bodies. Smart laws regulate the establishment and implementation of smart contracts and automatically regulate the relationships between citizens and organizations in all areas of government activity, from civil status registration to tax deductions.Thus, combining the financial system tools, the registry structure, the mechanisms of smart contracts and smart laws in one unified blockchain platform, you will get a comprehensive tool for state governance that will allow you to:
1. Significantly reduce paper workflow.
2. Automatize public services, thus reducing expenditures on monitoring and registration bodies to zero.
3. Simplify the processes of registration, licensing, insuring, lending for business.
4. Reduce the need for accounting and legal services to a minimum.
5. Drastically reduce transaction costs.
6. Increase the quality of medical care due to accurate and comprehensive keeping of all medical data.
eGaaS, combining a financial system, registry structure, smart contract algorithm and smart law formation and execution mechanism in a single blockchain platform, should be seen as a fundamentally new tool for efficient transfer of most activities of the State and business to blockchain technology. If the Ethereum project can be considered as a kind of a distributed computer used by programmers, then eGaaS should be seen as an operating system that can be used by the State, business and citizens to build a transparent and trust-based relationship between them
Roadmap
August 2016 - Development of smart law and smart contract mechanisms
October 2016 - Release of the first version of the eGaaS application
November 15 - ICO
2017
- Merging of v1.x and v0.x versions, which will enable to create states, communities, smart contracts/laws, etc. on a common eGaaS blockchain: Q1
- A stable full-featured version of the eGaaS application: Q2
- Launching of financial technology, insurance, registry, and other business and social applications on the eGaaS platform: Q3
- States start testing eGaaS: Q4
Details Information
Bitcointalk username : moroseneng
https://bitcointalk.org/index.php?action=profile;u=876003;sa=summary