ico (egaas)

eGaaS - Uniting separate databases around the world

eGaaS is a universal blockchain platform for organizing economic, public and social activities of citizens and their communities on a global scale. It offers offers a comprehensive solution for transfer of all the tools needed for state and business management to a blockchain platform. eGaaS has a mechanism for creation of registries of objects involved in legal and economic relations – natural and legal persons, real estate, securities, etc. eGaaS offers world's central banks the opportunity to open accounts for all citizens and organizations, which would allow to carry out transactions in national currencies. It is obvious to some that sooner or later, the world will have a Blockchain-based single protocol which will unite separate databases around the world into a single but decentralized system. eGaaS is strongly laying claim to becoming such a Blockchain technology. Lets have a look

eGaaS will use delegated-proof-of-stake method (DPoS) and 100M internal currency (EGS) will be created to protect the network against attacks and for database operations. At the initial stage, ESG is also used to form a list of nodes, delegated for creation of blocks. Visit the sale at http://egaas.org/ico/index.html

eGaaS network protection

The eGaaS database is protected against unauthorized modification by the following means:

Restricting the number of nodes that can create and sign blocks;
Checking the correctness of formation of all blocks by the network nodes;
Storing the complete database version on each network node;
Blocking the possibility of modifying the blockchain blocks without consent from all nodes.
Protection against entering of invalidated information into the database is secured through:

Strict delineation and verification of the rights of different categories of users on data entry;
Checking of transaction conditions stated in smart contracts;
Checking of smart contracts for compliance with the active smart laws of the State.
Smart Laws and Smart Contract

There are law and smart law in eGaaS, while eGaaS law is a set of data and algorithms needed to achieve a strictly certain result prescribed in the State law, Smart law is an autonomous part of the law that performs a single act constituting a separate phase in implementation of the law or a separate item of the law. A law contains a set of smart laws, a law contains at least one smart law performing an action required to achieve the results specified in the law. Smart laws are launched by user actions (data and key input), system events (such as transactions) and other smart laws or smart contracts.

eGaaS will have contracts and smart contracts, too. eGaaS contract is a set of data and algorithms needed to achieve a particular result in a social or business activity, and smart contract is an autonomous part of the contract that executes a single action constituting a separate phase of implementation of the contract or a separate item of the contract. They are implemented in the same way as law and smart law programmatically, the only difference is that contracts regulate the relationship between two or more private or legal persons, and, accordingly, are signed with the electronic keys of the parties to the agreement.

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