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Cryptography experts cast doubt on AI’s role in cybersecurity – SC Magazine

Posted on February 18, 2017 by admin

Artificial intelligence was a hot topic at RSA, but a panel of cryptography experts at RSA was not convinced that it would have a significant impact on cybersecurity.

A panel ofesteemedcryptographers at RSA 2017 expressed doubt over artificial intelligence's applicability in the cybersecurity space, tossing cold water on what otherwise appeared to be a hot technology at the conference.

"The real problem is that what AI and machine learning is great at is lots of data and dealing with it effectively and what we'redealing with, with the serious attacks are anomalous situations and AI does not look like it's going to be useful there," said Susan Landau, professor of cybersecurity policy and professor of computer science at Worcester Polytechnic Institute, during the session earlier this week.

Adi Shamir,Borman professor of computer science at the Weizmann Institute in Israel, said that AI would likely be helpful in defending against attacks when they happen, but not sniffing out threats before they materialize.

"I think that AI can be very helpful on the defensive side," said Shamir, who earlier this month was named a recipient of the 2017 Japan Prize. "I doubt it would be so helpful for new zero days because this requires more ingenuity and originality. But when you talk about finding deviations from normal behavior, I think that AI systems are going to be very useful... So I'm optimistic about AI being useful in defense, but not in offense."

Ronald Rivest, a professor at the MIT Institute, said that he was "skeptical" that AI would have a significant impact on security. He did, however, acknowledge that AI played an important role in spreading fake news and propaganda during the U.S. election. "There are AI bots talking on chat rooms... adding misinformation and disinformation," said Rivest. "I can imagine 10 or 15 years from now, we're going to find ourselves competing to find the humans among just a sea of bots talking to each other intelligently."

But Shamir had a different vision for AI as it becomes super intelligent in the next 15 years: I can foresee a situation which we'll give all of the available data about cybersecurity to this program and it will think for a long time and then say in a calm voice, 'In order to save the Internet I'll have to kill it,'" said Shamir, facetiously. "'Cause the Internet as we know it today is beyond salvaging. I really think we should start over. AI could help us do it."

Rivest and Shamir are co-inventors of the RSA crypto system.

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Cryptography experts cast doubt on AI's role in cybersecurity - SC Magazine

Julian Assange’s Fate Could Be Decided by Ecuador’s Election – New York Times

Posted on February 18, 2017 by admin

New York Times

Julian Assange's Fate Could Be Decided by Ecuador's Election
New York Times
LONDON When Ecuador holds a general election on Sunday, the results could have international repercussions linked to one man thousands of miles away: Julian Assange, the founder of WikiLeaks, who took refuge in the country's embassy in London ...
Ecuador presidential candidate vows to remove Julian Assange from embassyThe Sydney Morning Herald
How Julian Assange became election fodder in EcuadorMacleans.ca
Ecuador election could decide Julian Assange's continued asylumCTV News
teleSUR English -iTWire -Sputnik International
all 67 news articles »

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Julian Assange's Fate Could Be Decided by Ecuador's Election - New York Times

Pamela Anderson and Julian Assange: friends with vegan benefits – The Guardian

Posted on February 18, 2017 by admin

No sooner has Richard Curtiss Love Actually reunion been announced than a rival emerges to its thermonuclear romantic charms. It is the burgeoning closeness between Ms Pamela Anderson, latterly of the beaches of Los Angeles County, and Mr Julian Assange, currently of the Ecuadorian embassy in London.

By way of a recap, the association first came to light last October, when the Baywatch legend was photographed arriving at the embassy to visit the Wikileaks founder, carrying what she said was a vegan meal. Very shortly after, some hokey-cokey over Assanges internet access being cut (by Ecuador, as it turned out) prompted some of his supporters to speculate that he was dead. If hes dead, shrieked confirmed inadequate Roosh V, Id have that food tested. Some fingered Pamela as a possible Hillary Clinton agent, with the various theories doing the rounds including the suggestion that she had given him apoisoned vegan sausage.

And yet if we may pose the question indelicately was the passing of the sausage in the other direction? Over to our two principals, who cant wait to be stagily coy about their relationship, and at considerable length.

First up is Pamela, who speaks to Grazia, with the magazine allowing her to explain why she demurred from answering whether she was in a relationship with Julian. Its very difficult to talk about when youre under surveillance, explained Pamela, hinting she has more viewers at Langley than she has had since being voted off in round one of Dancing on Ice in 2013 (after a series of stumbles, Keith Chegwin would eliminate her in the skate-off).

As she took Grazia into her confidence, Pamela was keeping under the radar at a party for a lingerie brand at Annabels nightclub. Right out of the Salman Rushdie hidden years playbook, that one. Though looking at the transparent lace dress she turned up in, I need hardly tell you Who Wore It Better. Hes a great guy, she went on, of Julian. I dont want to say anything about whether theres aromance. So, lets say were just good friends.

Grazia goes a bit further, alleging they have had a series of dates at the Ecuadorian embassy. Im not sure where else they would have dates, unless for their sixth anniversary hes planning to show her the inside of apolice van, followed by dinner at the Heathrow detention area. After all, if its not old hat to mention, nearly five years into his monstrous pussy-out, Julian is still wanted in Sweden to answer sexual assault allegations.

But what does the man himself have to add on the romance/showmance? Plenty, if his subsequent interview with an Australian radio show is anything to go by. I mean, I like her, shes great, he says of Pamela. Are they in love? Im not going to go into the private details. Come, come. Shes an attractive person with an attractive personality. And furthermore: Shes no idiot at all shes psychologically very savvy.

Note the well-placed psychologically. I love how Julian manages to make even a compliment sound proprietorially undermining. Other people think youre a moron, Pamela ONLY I SEE THE REAL YOU. But theres more. Youve got people like Pamela Anderson who are independent because they kind of manage their own career, the Putin stooge judges. She cant really be squeezed by, you know, a TV executive. All right, all right Ithink she gets it now, Julian. Shes not on the telly any more.

In some ways, none of this should be a surprise confinement can be aturn-on. I imagine Julian has all sorts of unfortunate cases writing to him as penpals; he may even be engaged to six or seven of them. Since he has been inside, the Yorkshire Ripper has had more girlfriends than Mick Jagger, so it seems reasonable to assume that a whole spectrum of notorious incarcerations can be an aphrodisiac. (Unless were putting the Rippers appeal down to the rapes and hammer murders.) Only this week, Britains Most Dangerous Prisoner, Charles Bronson, got engaged again, this time to a former soap opera bit-part player, who told the Mirror: I used to think he was a violent thug, but from the moment I read one of his books, I just had to write to him he was the inspiration I have been waiting for all my life.

(Incidentally, to all those Assange bros now planning to write very silly 4,000-word blogs claiming I am literally equating Julian Assange with Peter Sutcliffe and Charles Bronson: you go right ahead and break ground on those bad boys, my darlinks. If it falls to me to keep you off the streets for an afternoon, so be it.)

As for Pamela, she does seem far too nice to be mixed up in all this. Its so rare that he has someone to come and visit him and bring him things, she says, of Julian. So I want to be able to do that for him.

Of course, his social life wasnt always so sparse. Time was Julian had a constant stream of famous visitors at the Knightsbridge-based embassy, who always stopped off at the nearest grocer (Harrods) to pick up something yummy for him. Their significant funds coupled with their significant lack of imagination meant this was almost always a hamper. I was told by one who saw it that his room ended up almost wicker-walled, with Julian always able to produce a potted stilton or some whisky marmalade for Kathy Lette, John Pilger, Yoko Ono or whoever was on the afternoon shift. (Never mind those stories of Barney the Purple Dinosaur being played on a deafening loop at Guantanamo. In some ways, you have to concede that the Assange celebrity guestlist was the most sophisticated psychological torture ever conceived.)

Some years on, and ... well, its true that you can safely ignore the best-before dates on a lot of those foodstuffs. But I would imagineJulians tinned pt stocks are nearing dangerously low levels. Indeed, the welcome attentions of the strictly vegan Pamela means Julians latest batch of documents from the Kremlin is only the second most-guarded secret in that room, bumped out of its hiding place by his now uber-sensitive supply of foie gras.

Wikileaks is one of the only reliable news stories because its just the truth, concludes Pamela, bravely resisting getting bogged down in The Obvious. I really believe history will look back on him as such an importantperson.

So do I, old stick. For now, there is a distinct spring in Julians step. On Valentines Day, he reactivated his five-years dormant Twitter account (yes, yes there goes the neighbourhood) with a flourish, announcing: Rumours of my death have been greatly exaggerated (in a curious plot). But of course in what else? Clearly, this is all heading for a headline-grabbing two-shot on the embassys Juliet balcony, and I urge our lovebirds to proceed to it without delay.

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Pamela Anderson and Julian Assange: friends with vegan benefits - The Guardian

Julian Assange Calls President Trump Out for Anti-Leak Rhetoric – The Libertarian Republic

Posted on February 18, 2017 by admin

LISTEN TO TLRS LATEST PODCAST:

by Micah J. Fleck

Wikileaks mastermind Julian Assange has recently defended the press for publishing the truth despite president Trumps recent uptick in inflammatory rhetoric against media outlets for being fake news whenever they release real leaks that are less than flattering to the current administration.

According to Russia Today:

Having been accused of helping to get Donald Trump elected, and even being praised by the US president himself for the Hillary Clinton leaks, WikiLeaks founder has criticized Trumps crusade against fake news and low-life leakers.

The press should never appologise [sic] for publishing true information, Julian Assange tweeted.

The message was in response to a Trump tweet sent out early on Thursday morning, in which he wrote:

Leaking, and even illegal classified leaking, has been a big problem in Washington for years. Failing @nytimes (and others) must apologize!

On Tuesday, the New York Times published a story citing four current and former American officials, whose names were not given which claimed that members of Donald J. Trumps 2016 presidential campaign and other Trump associates had repeated contacts with senior Russian intelligence officials in the year before the election.

cnnDonald Trumpforeign policyforeign relationsJulian AssangeleaksPresident TrumpRussia Todaywikileaks

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Julian Assange Calls President Trump Out for Anti-Leak Rhetoric - The Libertarian Republic

The best open source CRM software – IT PRO

Posted on February 18, 2017 by admin

If you're a small business looking to take the next step in your evolution, you may be looking at implementing a customer relationship management (or CRM) solution. But with enterprise-grade vendors like Oracle and Salesforce charging such a high premium for their services, how can smaller companies afford to get started with CRM software?

The answer lies in open source. As with many kinds of software, there are multiple vendors who provide open source CRM solutions that are completely free to use. They may have restrictions on them, such as limited features and support, but for small businesses looking to try out CRM, they can be an excellent starting point.

Open source software alternatives have their pros and cons, and CRM software is no exception. The principal benefit, of course, is that it's free - this makes it an excellent choice for businesses who may not be able to afford a fully-fledged enterprise CRM package like Salesforce.

It eliminates some of the commitment risks of traditional software, too. Unlike major vendor offerings, open source providers typically don't require customers to sign lengthy licensing agreements. This means that you're free to try it out, without the fear of being saddled with a system that you don't get on with for months or years.

Open source CRM software is also highly customisable. If your organisation has very specific needs, open source software allows you to tweak and refine your CRM platform until it meets all of your criteria. This also lets you tweak it to keep up with changing market demands.

There are pitfalls too, however, with lack of support being the main offender. A common trade-off in the open source world, the price companies pay for freely available software is that support is either limited or expensive.

Compatibility can be an issue as well; since open source software development often features multiple concurrent strands and forks, it can be hard to ensure that your software is up to date, and that it works with that of your partners and customers.

Open source CMS software can suffer visually as well, especially compared to larger rivals. This may seen like a minor issue, but the layout and user interface of a CRM system can prove pivotal; if your sales staff can't intuitively navigate a CRM package, they won't get the most use out of it, making your business less efficient as a result.

The question of which open source CRM is best is a difficult one to answer, largely because the answer will vary from company to company. A CRM package that fits one company perfectly might be entirely wrong for your organisation.

Instead, you should focus on finding the best CRM software for you. Examine your business needs, and work out what exactly it is that you need a CRM to do. Here's some of the top capabilities you should be looking at when choosing a CRM package.

The first thing businesses should be looking for when choosing an open source CRM is how well it scales. You might only have a handful of people on your sales force right now, but you're going to want a CRM package that can grow with your business, which means looking at a package without hefty upgrade fees.

You should also take migration into account. It's well worth putting in a bit of extra legwork early on to make sure that if you do decide to move to one of the larger, business-class CRM solutions, you'll be able to do so with a minimum of hassle.

Most CRMs will perform equally well when it comes to basic functions, but where the real value lies for many businesses is in their integrations with other business tools. Modern CRMs will work seamlessly with software like MailChimp, Xero and Google's G Suite apps.

Linking all your tools together can have an immeasurable impact on speeding up your organisation's workflows. Do a full audit of what software is in use within your business, and then look for a CRM package that will directly integrate with as many of them as possible.

One of the benefits of using a CRM solution is that it allows businesses to make informed decisions based on concrete data. However, this only works if the CRM package in question allows the business to surface relevant insights.

Organisations should be on the lookout for software that contains strong reporting capabilities, good archiving and any other features that will make use of the large amount of data it harvests.

Support is the biggest real stumbling block for many open source CRMs. Support will frequently only be available to customers on a paid subscription plan, or will be provided by the community rather than an enterprise grade support team.

This can turn out to be an unexpected problem for unwary businesses. If there's no professional support structure to help when its CRM goes down, the unfortunate enterprise could be faced with days of downtime, if not longer.

While it's impossible to definitively state which CRM package is best (for the reasons stated above), we can narrow down some great options for specific tasks and applications, with the caveat that many others are available, so consider these simply as a starting point.

Odoo CRM offers great reporting options for businesses that are looking to derive the maximum amount of insight from their sales and workflow data. Forecasting is excellent, and reports are simple to generate.

Thanks to a simple, easy-to-use interface, Anteil CRM is an excellent choice for businesses that want to get started with their first CRM package. Navigation through the browser-based frontend is intuitive, and its lightweight nature means it shouldn't be too hard to set up.

Based on the popular SugarCRM platform, SuiteCRM is widely hailed as one of the most fully-featured and polished open source CRM packages around. It boasts a wide range of capabilities, modules and integrations, and is an excellent choice for experienced users.

vTiger is an incredibly flexible CRM offering, thanks to the ability to create modules from scratch with matching workflows. While it requires a fair degree of technical knowledge to perform some of the more advanced customisations, power users will find that they can shape it to suit all of their needs.

What sets Zurmo apart from rivals is that it's 'gamified', allowing users to earn scores, achievements and badges for completing certain tasks. The idea is to not only make the software fun, but also to help users become more proficient in its use by incentivising them to increase their skillset.

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The best open source CRM software - IT PRO

Developing open source software defined standards | App … – App Developer Magazine

Posted on February 18, 2017 by admin

Building on the success of CORD and ONOS, the foundation is industrializing and opening the unique process that enabled the creation of these platforms. Central to the approach is to leverage the ONFs deep relationships with operators to validate the vision, a focus on high-value use cases and solutions, and solidifying pre-established paths for taking solutions into operator PoCs (proof of concepts), trials and deployment.

Now that the SDN movement, first initiated by the ONF, has successfully set in motion the disaggregation of networking devices and control software and fostered the emergence of a broad range open source platforms, the industry needs a unifying effort to build solutions out of the numerous disaggregated components. A trend has emerged where vendors leverage open source to build closed proprietary solutions, providing only marginal benefit to the broader ecosystem. The ONFs Open Innovation Pipeline intends to counteract this trend by offering greater returns to members who participate in the foundation's collaborative process. Through making active contributions to the Open Innovation Pipeline, vendors benefit from inclusion in CORD and ONOS solutions, thereby gaining access to operator deployments.

With the ONF now opening this process to its full breadth of its 200+ members, the power of this model is being made available to a much larger cross section of the industry. Now, any member with a valuable contribution can insert their unique innovation anywhere along this open pipeline, and the momentum of the pipeline will pull the innovation into operator PoCs, trials and beyond.

Furthermore, to promote interoperability with diverse components of the open source ecosystem, ONF is driving a Software Defined Standards approach to developing Interoperability APIs and data models. Through this effort, the ONF intends to help the ecosystem craft diverse solutions ready for production deployment.

The ONFs Open Innovation Pipeline lowers the barrier to entry by providing a broadly applicable framework built on open source building blocks to deliver complete solutions for network operators, said Guru Parulkar, executive director of ONF, ON.Lab and Stanford Platform Lab. Perhaps more importantly, this pipeline allows members of all types to bring their unique innovation and value into the solution. Operators, vendors and integrators all have a role to play, and the pipeline helps integrate these contributions into consumable solutions for operators.

- Integrators: Pent up demand for network transformation has resulted in a skills gap within operators, creating a unique market opportunity for integrators. System integrators can add value to the Open Innovation Pipeline by contributing with service customization, solution packaging, verification and deployment assistance, all based on the common CORD and ONOS framework.

- Vendors: The ONFs deep relationships with operators gives member companies a unique view into the future of networking. Active members benefit by remaining on the leading edge of technology, and by leveraging the pipeline to help drive their unique innovations into operator networks.

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Developing open source software defined standards | App ... - App Developer Magazine

AI And Quantum Computing Pose No Threat To Cryptography … – The Merkle

Posted on February 17, 2017 by admin

Quantum computing and artificial intelligence have seen significant gains over the past few years. Some people have grown concerned about what this means for the cryptographic sector, as powerful quantum computers could virtually break any type of encryption we know today. Various cryptographers feel these potential repercussions are overstated. Moreover, they feel AI and quantum computing may not affect computer security all that much in the long run.

It is impossible to predict what the future may hold for computer security as a whole. Some things will need to change sooner rather than later, that much is certain. Unlike what to most people may assume, those changes may not be driven by artificial intelligence and quantum computing. Various cryptographers feel both of these technologies will have a minimal impact on computer security for the foreseeable future.

To put this news into perspective, artificial intelligence can be quite useful when it comes to computer security. Processing a big dataeffectively will require AI-based solutions. Turning big data streams into smart data humans can comprehend is not a task any person can complete by any means. Various companies are using artificial intelligence for this specific type of purpose already, with varying degrees of success along the way.

Moreover, artificial intelligence can be quite powerful when it comes to defending computer systems as a whole. Looking at behavioral patterns with this technology will cause the number of successful cyber attacks todecrease as time progresses. However, when it comes to offensive capabilities, there doesnt seem to be much chance of success in its current form. Identifying zero-day exploits, for example will require a bit more ingenuity.

On the quantum computing front, cryptographers are showing fewer signs of concern. While there have been significant advances in the field of quantum computing these days, quantum cryptography seems to be following a very different path. In fact, there is no real indication RSA encryption can be affected by quantum computing anytime soon. It is expected no real progress will be made in quantum crypto before 2031, although that deadline is not set in stone by any means.

Cryptographers are more concerned about other tangible threats that may affect encryption and cryptography in the future. Weakening encryption, either on the software or hardware side, is a big problem. Weakened encryption is a direct threat to national interests, according to various cryptographers. Building a secure backdoor only the government can use is very impractical at best and will only leave the door open for criminals to access these services as well.

For the time being, there is no real threat from either quantum computing or AI when it comes to cryptography. There are other concerns that pose a more pressing threat to cryptographic standards. The growing number of restrictions on cryptographic research in specific regions, for example, has a lot of experts concerned right now. The government needs to focus on what really matters, rather than trying to introduce weakened standards.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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AI And Quantum Computing Pose No Threat To Cryptography ... - The Merkle

Cryptocurrency Startup BlockchainOS Seeks Crowdfunding to Challenge Ethereum – Finance Magnates

Posted on February 17, 2017 by admin

BlockchainOS, a blockchain technology company from Korea, has announced an ICO (Initial Coin Offering) of its native cryptocurrency BOScoin from April 17th to May 31st, 2017.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

BOScoin utilizes ontology language and timed automation technologies to try and solve persistent issues in decentralized systems. Itspresale in the Korean market already gathered over BTC2,000 (approximately $2 million) during a two-month period.

Yezune Choi, the BlockchainOS CTO and General Executive Director, commented, There are two primary issues that need to be solved in the cryptocurrency and blockchain fields. The first issue is the integrity of the Dapps (Decentralized Applications) on the blockchain.

The second issue is the consensus mechanism needed for confirming data on the blockchain and the decision-making process for revising policies implemented in the core blockchain algorithm. We have been working on these core problems for over 2 years and are now opening our research to the public.

BOScoin is a fixed supply cryptocurrency that unlike Bitcoin or Ethereum, BOScoin sends a portion of the coins issued to a public account called the Commons Budget. Coins held in the Commons Budget can be used through the voting system to decide on future BOScoin policies. And since voting right is given to only the node operators who invested in the coin, the developers expect that funds from the Commons Budget are likely to be used for the betterment of the coin.

Trust Contracts are pre-defined programs or rules that users can create. Similar to Ethereum, the BOScoin team is also aiming to create a general-purpose language on top of the blockchain so anyone can write, upload, and execute contracts. However, BOScoins approach is technically different from Ethereum.

The BOScoin team believes security is the most important principle for smart contracts on the blockchain. As decentralized systems become more complex, these systems are bound to make mistakes and break. They say that the failure of DAO project from Ethereum is the exact case of it.

BOScoin say they believe in the importance of being cautious when dealing with digital assets. This is the reason they selected the Web Ontology Language (OWL) and TAL, the timed automata language, for the development of Trust Contracts. By using OWL and TAL for building contracts, due to the nature of the languages, they promise that Trust Contracts can be mathematically proven to be trustworthy and operate without any unintended consequences.

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Cryptocurrency Startup BlockchainOS Seeks Crowdfunding to Challenge Ethereum - Finance Magnates

Most Frequent Cryptocurrency Beginner Questions Part 1 The … – The Merkle

Posted on February 17, 2017 by admin

Ever since I began learning about cryptocurrency in 2012 (and more seriously in 2014), I knew that it was going to fundamentally change the way that we think about money, commerce, and contracts. I was surprised by just how few of my friends and colleagues knew what even the most well known coin, Bitcoin, was.

Since then, Ive taken every opportunity to teach others about crypto and make myself available for questions that they have. These are without a doubt the most frequent questions I have heard while talking to newcomers about blockchain based currenciesand how Ive answered them.

So this is fake, Internet money?

One of the most challenging aspects of speaking to people new about Bitcoinis helping them navigate beyond the dichotomy of real vs digital. Since physical cryptocurrency tokens are extremely uncommon, many of those Ive spoken to have a difficult time viewing digital currencyas legitimate. To counter this, I usually question whether they feel the same way about direct deposit checks, credit cards, and online banking. Demonstrating to people that something they already trust and use is virtual as well often helps them realize that cryptos are indeed as real as the assets they already have.

So, how do you get Bitcoins and the other ones?

Acquisition of Bitcoinseems to be a particularly mysterious concept for the cryptocurrencyneophyte. I have found that this is especially true for non-investors. Since most people do not have assets in the form of stock positions or forex positions, the idea of having to buy an asset on an exchange may be foreign to them.

Mining and minting are also an interesting ideas to explain, and understandably so. Telling someone that they can receive money for running a program on a computer usually turns some heads. I do explain that mining is almost entirely not profitable if youre a solo miner or do not have access to free electricity. This means that I often warn individuals from trying to acquire coins in this way and suggest faucets -even though those have all but dried up- to get acquainted with small amounts of coins.

The method of getting coins people are most readily able to understand is payment. Companies and individuals are more than willing to pay for your services in the form of cryptos. Most people are familiar with the concept of paid work, so this is usually the quickest part of my answer to this question.

Isnt Bitcoinfor buying drugs and other dubious goods and services?

Cryptos have been plagued in the past by scandal. Sites on the deep web that accepted cryptos as payment methods gained some attention on news stations when some of those sites were shut down, and they brought crypto under the same scrutinous light. For these reasons, some approach the idea of crypto with trepidation. However, it is easy to explain that Bitcoinjust acts as tender for debts, much like fiat cash. What an individual uses the tender for is not the fault of the currency itself. In fact, many philanthropic endeavors have been funded in part or whole by cryptos as well.

So the next time you are speaking with someone who does not know what cryptocurrency is, or they have a poor understanding of it, keep questions in mind. I hope my experiences and answers better equip you to tackle the questions of new arrivals to the world of cryptocurrency.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news

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Most Frequent Cryptocurrency Beginner Questions Part 1 The ... - The Merkle

BOScoin, a New Cryptocurrency, Introduces "Trust Contracts" to Overcome the Shortcomings of Ethereum Smart … – Yahoo Finance

Posted on February 17, 2017 by admin

SEOUL, South Korea--(BUSINESS WIRE)--

BlockchainOS, a blockchain technology company in Korea, announced the ICO (Initial Coin Offering) of BOScoin* from April 17th, 2017 to May 31st, 2017.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170216005500/en/

BOScoin, the first global cryptocurrency issued in Korea, is a cryptocurrency that utilizes the blockchain, ontology language, and timed automation technologies to solve persistent issues in decentralized systems. BOScoins presale in the domestic market already gathered over 2,000BTC (approximately 2 million USD) during a two month period.

*BOScoin - A congressional decentralized cryptocurrency platform for Trust Contracts based on ontology language and timed automation.

Yezune Choi, the BlockchainOS CTO and General Executive Director, outlines the current state of blockchain, "There are two primary issues that need to be solved in the cryptocurrency and blockchain fields. The first issue is the integrity of the Dapps (Decentralized Applications) on the blockchain. The second issue is the consensus mechanism needed for confirming data on the blockchain and the decision making process for revising policies implemented in the core blockchain algorithm. We have been working on these core problems for over 2 years and are now opening our research to the public.

BOScoin, Trust Contracts and the Congress Network operate on top of the alternative blockchain called OWLchain. By the OWLchains integration of ontology language and timed automata into blockchain, the BOScoin and Trust Contracts will serve as digital currency and smart contract with inherent security assurance. And governance through the Congress Network ensures that adequate proposals on blockchain will be discussed and applied within desired time.

The Currency BOScoin

BOScoin is a fixed supply cryptocurrency that will be issued over the next 141 years. Unlike Bitcoin or Ethereum, BOScoin sends a portion of the coins issued to a public account called the Commons Budget. Coins held in the Commons Budget can be used through the voting system to decide on future BOScoin policies. And since voting right is given to only the node operators who invested in the coin, the funds from the Commons Budget are likely to be used for the betterment of the coin.

The Currencys Programming Framework Trust Contracts

Trust Contracts are pre-defined programs or rules that users can create. Similar to Ethereum, the BOScoin team is also aiming to create a general purpose language on top of the blockchain so anyone can write, upload, and execute contracts. However, BOScoins approach is technically different from Ethereum. The BOScoin team believes security is the most important principle for smart contracts on the blockchain. As decentralized systems become more complex, these systems are bound to make mistakes and break. The failure of DAO project from Ethereum is the exact case of it.

BOScoin Team believes in importance of being cautious when dealing with digital assets. This is the reason they carefully selected the Web Ontology Language (OWL) and TAL, the timed automata language, for the development of Trust Contracts. By using OWL and TAL for building contracts, due to the nature of the languages, the Trust Contracts can be mathematically proven to be trustworthy and operate without any unintended consequences.

Decision Making System Congress Network

The Congress is the governance system inside the BOScoin platform. Many decentralized organizations suffer from a poor decision making process. This is why in BOScoin, all node operators are given a vote to decide on how to distribute the Commons Budget. With this vote, node operators can accept or deny proposals brought up from within the community. Anyone can make proposals for using BOScoin. BOScoin believes this kind of democratic system is key to sustaining and growing BOScoin.

Learn more about the BOScoin ICO at https://boscoin.io .