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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.

  • Changki Park

    CEO

    Changki is a serial entrepreneur with a experience in number of IT companies. He founded Paxnet, Inc., one of the largest securities information portals in Korea as well as Finger, Inc., a major fintech company in Korea. Previously he worked for Samsung for 14 years. He is the former head of the Financial Engineering Research Center at the State University of New York’s Korea campus.

  • 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.

  • Han Kyul Park

    COO

    Han studied Economics at the London School of Economics. He started his career developing complex and security-sensitive banking applications for several major banks and moved on to EY where he worked as an advanced data analytics consultant. He is now fully invested in bringing real world applications to the blockchain through the BOScoin platform.

  • In Hwan Kim

    CMO

    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.

  • Han Min Park

    Marketing

    Han Min studied history at London University. Studied Java Programming at Kosta. Worked development at PikiCast. Worked international sales at ViewWorks. Worked marketing at LINER. He manages marketing for blockchain-based 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.

As Seen In

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