http://egaas.org/ico/index.html
EGaaS is a blockchain stage for sorting out financial, open and social exercises. These occasions are fueled by shrewd laws and keen contracts
Mission
eGaaS's fundamental mission is to free individuals, business and governments from routine bureaucratic strategies and to serve as a device that could be utilized to compose any action and practice control over that action without archives course. eGaaS is gone for enlightening the shadow specialty in which the present day money related and political frameworks dwell. eGaaS ought to end up distinctly the stage on which the State and business structures of all nations ought to work concordantly for the advantage of the natives.
Innovation
eGaaS performs four essential capacities required for proficient exchange of most sorts of government and business exercises into blockchain innovation: budgetary framework, registry structure, brilliant contract calculation and shrewd law development and execution system. The money related framework secures exchanges in the cash of a specific nation. Keen contracts consequently actualize the calculation of arrangements including registry objects and with conceivable fiat-coin exchanges. Shrewd laws control the creation and usage of brilliant contracts and consequently manage relations amongst people and associations in every aspect of government action.
The eGaaS blockchain platform
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.
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