What is BOScoin?

BOScoin is a Self-Evolving Cryptocurrency Platform for Trust Contracts. “Trust Contracts” will provide a decidable and approachable framework for creating and executing contracts on the blockchain. The “Congress Network” is aimed towards creating a more democratic and productive decision making process. And the incentive scheme and issuance plan is aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement algorithm will allow for low latency transactions while being more energy efficient. BOScoin aims to overcome the technical and operational issues inherent in many cryptocurrencies.

1. Trust Contracts are securely executable contracts based on a decidable programming framework called Owlchain, which consists of the Web Ontology Language and the Timed Automata Language.

2. The Congress Network is the decision making body in the BOScoin network which improves governance issues arising in decentralized organizations and helps the system continuously evolve into a more robust ecosystem.

The Ecosystem

Self-governing ecosystem for growth and evolution

Features

Features	Bitcoin	Ethereum	BOScoin
Coins	Bitcoin	Ether	BOScoin
Core Features	Financial Transactions (Bitcoin script)	Smart Contracts (Solidity,Serpent,etc)	Trust Contracts (OWL 2 profile,TAL,SDLang)
Decision Making Process	Non-systematic	Non-systematic	Democratic Congress (One node=One vote)
Consensus Algorithm	Proof of Work	Current : Proof of Work Future : Casper (?)	modified FBA (Federated Byzantine Agreement)
Transaction Speed	7tx/sec	25tx/sec	1,000tx/sec (target)
Block Interval	10 minutes	15 seconds	5 seconds (target)
Block Size	1MB	Dynamic	Dynamic

Coin Issuance

New coins are issued in four ways

New coins are issued in four ways; initial development budget (0.5bil, 10%), confirmation rewards(1.8bil, 36%), freezing rewards(0.9bil, 18%) and the Commons Budget(1.8bil, 36%). We aim to issue a total of 5.0 billion coins over the next 128 years. These values are subject to change.

	Initial Development Budget	Confirmation Rewards	Freezing Rewards	Commons Budget
BOScoin	500,000,000	1,800,000,000	900,000,000	1,800,000,000
Share	10%	36%	18%	36%
Decrease Rate	-	6.31% per 6,311,520 blocks	5.00% per 6,311,520 blocks	-
End of Issuance	Genesis Block	Year 2145	Year 2076	Year 2023

	Initial Development Budget	Confirmation Rewards
BOScoin	500,000,000	1,800,000,000
Share	10%	36%
Decrease Rate	-	6.31% per 6,311,520 blocks
End of Issuance	Genesis Block	Year 2145

	Freezing Rewards	Commons Budget
BOScoin	900,000,000	1,800,000,000
Share	18%	36%
Decrease Rate	5.00% per 6,311,520 blocks	-
End of Issuance	Year 2076	Year 2023

Technical Roadmap

Milestone→		M1	M2	M3	M4
↓Module		Alpha	Genesis	Nebula	Sirius
Consensus	P2P	Protocol specification & Implementation	Unit & Acceptance Test	-	-
	mFBA Consensus	FBA : Key Design Implementation	mFBA : Key Design Implementation	mFBA Optimization	-
	Data Store	Store specs & SQLite Store implementation	MessagePack History	-	Blockchain backup & restore using ISP(AWS, Azure )
Trust Contracts	Ontologies & Rule(TAL)	Remittance : Send & Receive Tokens based on Trust Contracts	-	Governance Trust Contracts & Multisig Tx Specification	Multisig Tx Implementation
		Import and define basic BOScoin Ontologies	Construct Core Ontologies	Construct Key Governance Ontologies	-
		-	Governance System Specifications	Proposal & Vote Implementation	Automated Proposal Implementation
	Inference Engine	Formal Specification and Key Design Elements	Reasoner Integration with Blockchain	Reasoner Optimization	-
UX	CLI & Web Interface	CLI design & Implementation	Web UX design	-	-
	Wallet	Wallet Formal specification	UX design Application PoC Test	-	Android & iOS SPV Wallets
	RPC & REST API	-	Blockchain Explorer	-	-

Milestone→		M1	M2
↓Module		Alpha	Genesis
Consensus	P2P	Protocol specification & Implementation	Unit & Acceptance Test
	mFBA Consensus	FBA : Key Design Implementation	mFBA : Key Design Implementation
	Data Store	Store specs & SQLite Store implementation	MessagePack History
Trust Contracts	Ontologies & Rule(TAL)	Remittance : Send & Receive Tokens based on Trust Contracts	-
		Import and define basic BOScoin Ontologies	Construct Core Ontologies
		-	Governance System Specifications
	Inference Engine	Formal Specification and Key Design Elements	Reasoner Integration with Blockchain
UX	CLI & Web Interface	CLI design & Implementation	Web UX design
	Wallet	Wallet Formal specification	UX design Application PoC Test
	RPC & REST API	-	Blockchain Explorer

Milestone→		M3	M4
↓Module		Nebula	Sirius
Consensus	P2P	-	-
	mFBA Consensus	mFBA Optimization	-
	Data Store	-	Blockchain backup & restore using ISP(AWS, Azure )
Trust Contracts	Ontologies & Rule(TAL)	Governance Trust Contracts & Multisig Tx Specification	Multisig Tx Implementation
		Construct Key Governance Ontologies	-
		Proposal & Vote Implementation	Automated Proposal Implementation
	Inference Engine	Reasoner Optimization	-
UX	CLI & Web Interface	-	-
	Wallet	-	Android & iOS SPV Wallets
	RPC & REST API	-	-

Team

BOScoin = BlockchainOS + coin

BlockchainOS’s vision is to provide sustainable and evolutionary global platform that is not depended on a centralized organization. By creating Decentralized Autonomous Networked Organizations, each community has a chance to achieve individual rights, bring civilized culture to billions of people, and suggest a solution to the governance issue that has always been a problem for humanity.

In Hwan Kim
CEO

In Hwan is a marketer with 32 years of experience. He has developed various business models in the online field and has created many No.1 brands. He joined the BlockchainOS team 2 years ago and is the project lead for the celebrity prediction market service “STARDAQ”
Sung Ho Hong
Chief Product Officer

Sung Ho has 4 years of experience from developing, designing and operating various local currencies based on blockchain technology for the Korean government. He has a total of 20 years of experience in development from Embedded F/W Systems to Mobile App Development. He aims to innovate existing industries using blockchain technology. Overall, he is interested in P2P organizations.
Jinchan Kim
CFO

Jinchan managed accounts and HR in Finger Inc, a fintech company based in South Korea. He has been dedicated to the financial field for over 10 years. He has managed financial risk, corporate assets and also has experience in developing algorithm systems for the futures market.

Jong Hyun Kim
Business Developer

Jong Hyun is an Internet service project manager who majored in business administration and management strategy. He is a co-founder of KoreanClick. And worked in the digital music industry for 10 years, including Melon, Cyworld Music, and Mnet. He is responsible for domestic business development at BlockchainOS and is acting as Project Manager.
Yongkwan Choi
Director

Yongkwan founded an IT company based on humanities and social practice at 1999. The company focused on developing P2P Software. He was also the chairman of the Korea P2P Association. In 2005, he also established a think tank for Corporate Social Responsibility. In 2015, he was nominated as the Representatives Activist of the Global P2P Foundation in Korea.
Myung San Jun
Blockchain Social Designer

Myung San Jun studied Sociology in university and has worked as a team manager at Cyworld, the largest SNS in South Korea. He wrote the book ‘From the State to the Village’ which analyzes communication structures in the 21st century. Currently he is close to releasing his new book,’The Blockchain Government’

Douglas Kim
Marketing Communication Manager

Douglas has worked in Marketing Communication and Finance, in the field of P2P direct sales and marketing for various global firms for over a decade. He is a well rounded team player who constantly communicates with team members to always improve better working environment.
Aston Seokhyun Nam
Blockchain Developer

Aston majored in Computer Science at Hongik University. He is a very dynamic engineer and very enthusiastic to learn about new technologies. His core specialty is web development and aims to provide various an approachable experiences to BOScoin users.
Hyeji Lee
Management

Hyeji studied Management in university. She manages the product development of the mobile applications. She performs cross functional roles in the areas of marketing, management, planning and research.

Ji Heon Yi
Civic Technology Architect

Ji Heon is a web-database engineer. He thinks good technology should be open and simple similar to the democratic functions of society. He has developed reusable web services like bulletin boards, voting programs, and services for organizing groups. He hopes to contribute by making a free and sustainable social network using blockchain technology.
Seung Jin Kim
Social Web Planner

Seung Jin is a social web planner. He believes web technology will play a crucial role in providing transparency to the political sphere. He is building the collective decision-making platform Delicracy based on his experience in political Fundraiser systems and public data analysis services.
Billy T. Kim
Trust Contract Architect

Billy has worked in a variety of industries including finance, telecoms and the government. He has also worked in IT infrastructure management at the Blue House(Korean Presidential Office). Prior to joining this project, he worked on Linked data and ontology projects. He believes decentralize technologies like the blockchain and the world wide web improve the transparency and sustainability of our society.

Mukeun Kim
Technical Director

Mukeun has experience in developing stock trading servers and client solutions. He has experience in the US, China, Japan and Indonesia securities systems. In 2009, He created a stock analysis software for the Chinese market. In 2010, He operated a system of Japanese virtual stock trading sites. In 2012, He developed a trading system for securities companies in Indonesia. In 2015, He created a mobile trading system for Yuanta Securities Korea.
HeeWon Lee
Web database engineer

HeeWon is a web database engineer. He has various development experiences in NHN, SK, Olaworks, SAMSUNG. As a patent registrant of ‘Balanced Democracy’, He is paying attention to political IT innovation.He is striving to create a more secure political model combined with blockchain.
Yezune Choi
CTO / Trust Contract Inventor &
Blockchain Architect

Yezune is a top tier professional in Blockchain Technology. His experience in software engineering field is well over 20 years. He has been dedicated to developing Blockchain technology for the past 5 years. He developed and operated a local currency based on lite-coin. His goal is to develop enhanced smart contracts on the blockchain called “Trust Contracts” which is focused on real world enterprise applications.

Dongseok Tschoe
Advisor

Dr Tschoe is a thought leader in personnel and organisation design. He has 30 years experience during which he held senior positions at Bank of Korea, PwC and Kyobo. He is the author of several books and his academic research focuses on decentralised autonomous networked organisations.

Applications

Cryptocurrencies in many cases tend to become speculative islands with limited real applications. We believe the value of a currency is intrinsically tied to how useful it is. The BOS Platform will launch with two ready-made apps Stardaq and Delicracy. These apps will use BOScoin as their primary currency, serve as channels for airdropping free BOScoins, grow the BOS Platform by attracting new users, and provide a platform for developers to create new apps.

Stardaq

Stardaq is an international celebrity popularity prediction market. A celebrity’s popularity is represented as an index and users can place bets on whether the popularity of the celebrity will rise or fall. The bets can only be placed with BOScoins.

Delicracy

Delicracy is a collective decision making tool that can be implemented in any organization. All users can participate in the decision-making process by placing bets on a set of proposals, similar to the Augur prediction market. The proposal with the most bets is passed.