Korea’s No.1 Blockchain, BOScoin

BOScoin is a finance blockchain project to hack capitalism in the most capitalist way.

BOScoin offers three alternatives – credit creation through participation, democratic impact investments and

communization of certain assets to form a new “Project Financing (PF)” concept to power better capitalism,

solving the high interest rate problem in conventional PF.

BOScoin plans to release "BOSNet", a blockchain based mainnet optimized for PF by Q4 of 2018.

BOScoin is running a “Reverse ICO Partner Program” to discover and foster companies in need of PF through

reverse ICOs.

Projects are managed through a governance system which functions according

to the ”one person, one secret ballot”. Principle in order to maximize community

input in decision making Processes.

Instead of national concentrations of wealth, globalized platform corporations

are creating concentrations of wealth on a global scale.

Credit is created, not by a central bank orgovernment, but through a collective

decision making process by individuals who use and exchange credit. this resolves

”financial sovereignty” a long standing problem within the capitalist system.

real economic assets thus gained are treated as commons, and distributed among

the cornmunity. This resolves fundamental problems within capitalist systems

posed by the end of labor and labor income.

Financial Sovereignty is Returned to Individuals Through

Systems of Public Financing

Democratic Decisions are Made by Voting in the Congress Network

Credit is Created with P2P Means of Production And Money as

Commons

How We Solve Them

What We Solve

Distribution Failures Lead to Consumer Market Failures

in Coporate Capitalism

Instead of national concentrations of wealth, globalized platform corporations

are creating concentrations of wealth on a global scale.

Sovereign Financial Decision Making Rights are Lost.

The finance industry is the conglomeration of many individual credits, but few

elite financiers monopolize decision making rights for the whole industry. This

concentrates financial profits into the hands of a few, while distributing losses

onto the shoulders of all.

Technological Advances Reduce Labor Incomes

As technological advances reduce the need for human labor, the loss of labor

income is creating new probiems.

Labs & Partners

Jonghwan Lee

Research Director

BOScoin research institute will engineer

and verify reliability, scalability, and

privacy on the BOScoin mainnet and

accelerate commercialization.

Kibong Moon CEO

BOSCoin’s interest in privacy

technology led to technology

investment and is the primary stake

holder. Homomorphic encryption

technology can verify electronic

voting solutions.

Jaehyang Kim CEO

Innovative Fintech company in

petroleum distribution, formed

strategic alliance in May 2018 and

cooperating to become the first public

financing project in November 2018.

Public Financing

The BOScoin community can mint additional BOScoins to pay fordiverse assets in the real

economy. The community Proposes, reviews, and votes on these public financing projects

through the Congress Network, and these projects are activated through Trust Contracts

on the BOScoin network.

01 ISSAC Consensus Protocol

The BOScoin mainnet uses a protocol based on a mFBA(modified Federated Byzantine

Agreement), which combines the advantages of both the SCP(StellarConsensus Protocol)

and the FBA(Federated Byzantine Agreement) while increasing protocol openness. This

Protocol allows data to be securely and efficiently stored on the blockchain. ISAAC is an

acronym of the four phases of the public financing process the protocol is applied to -

Initiating, Signing, Accepting, and AII-Confirming.

02 TRUST Contract

A contract language forpublic financing, Trust Contracts use OWL (Web Ontology Lan-

guage) and TAL (Timed Automata Language) technology to enable Ordinary users to grasp

the contract OWL Organizes contract terms into everyday language all parties to the

contract can understand, and TAL verifies whether contract terms are accurately handled.

03 Fully Homomorphic Encryption Based Voting on the Congress Network

Project financing governance systems are handled through the Congress Network. PF items

are initiated on the Congress Network with the purpose and expected effects of the project.

Additional information such as the amount of coins issued, price at the point of issuance,

allocation of issued coins, and distribution of profits further inform BOScoin participants.

The item is voted on the Congress Network using BOScoin’s fully homomorphic encryption

technology which allows anonymous, equal voting while Preventing Sybil attacks.

How It Works

Core Team Members

Eunseong Kang

CISO

Jonghyun Kim

COO

Scott Matheina

Community Manager

Myungsan Jun

CSO

Minhyo Bae

CTO

Yezune Choi

CEO

BOScoin announced the "Reverse ICO Partner Program,” aimed to discover and nurture

reverse ICO corporations who want to run “Public Financing” projects on BOSNet, to acquire

funds. Currently companies from many different sectors are in discussion with prospects

of joining the partnership program.

[Targets] Corporations that are already operational with their own business models, and

looking for additional financing through blockchain based ICOs or Public Financing, not the

traditional financial system.

[Application Process] Companies can apply through BOScoin's website at https://boscoin

.io/pf. Applicants are judged by and selected as partners according to their business

models. Partner companies who successfully raise 500 million KRW (approximately $450

Thousand) in the pre-ICO stage will be funded an additional 500 million KRW, bringing the

total early capital to one billion KRW. The partners will be given technical consultations and

blockchain technological support in order to facilitate the ICO process. After the ICO,

business can be conducted on the BOScoin mainnet, and additional capital funded through

public financing.

[Benefits] When reverse ICO corporations use BOScoin, they can conduct business

quickly, without the need for extensive technological investments into the blockchain.

Furthermore, raising post-ICO capital on BOSNet through Public Financing is drastically

cheaper than using the traditional financial system with its high fees.

1st Campaign for Public Financing: Reverse ICO Partner Program