Monday, June 24, 2019
News
NEWS HOME
»
PRN INDIA
BOS Platform Foundation Announces the 'BOSAGORA' Platform That Will Fulfill the BOS Project Vision
  SocialTwist Tell-a-Friend  
   

  • BOS Platform Foundation launches a new brand called 'BOSAGORA' to realize the vision in the BOS Project White paper 1.0
  • A new Mainnet to be developed will implement Consensus Algorithm, Democratic Congress Consensus Process, and Trust Contracts
  • Announcement of an external Technical advisory board and a new internal Development team to enhance development transparency and completeness

SEOUL, South Korea, May 16, 2019 /PRNewswire/ --  BOS Platform Foundation held a press conference on and announced its vision and plans for the future technological development of 'BOSAGORA (Symbol: BOA)', which is a newly launched platform.

Photo - https://mma.prnewswire.com/media/888224/BOS_platform_BOSAGORA.jpg  

BOSAGORA is a public blockchain platform where decentralization and open membership-based Congress (Node Operators) develop the ecosystem through a democratic consensus process. This embodies the vision and philosophy of BOS Project white paper 1.0 announced during the establishment of the Foundation in 2017.

The vision of the white paper 1.0 is the creation of governance system embedded public blockchain platform that allows coin holders to propose and adopt projects that would benefit them within the congress and use the commons budget. In anticipation of this ingenuity, ICO achieved its hard cap in 17 hours. The Foundation utilized the term 'Agora', an ancient Greek square in which democratic discussion took place, for the name of the new platform to implicate the philosophy of 'the democratic participation of coin holders'.

The Foundation devoted itself to scout proper developers and advisors for the new project. Mathias Lang, who has a high-level real-time distributed system and compiler development experience, has been appointed CTO, and an external global advisory board with extensive experience, including the participation in various Ethereum projects have also been recruited.

In particular, Mathias Lang had participated in the Mainnet project of the BlockchainOS, and is considered to be the most optimal developer who already fully understands the original essence of the project and the current problems.

Currently, most platforms that incorporate congress voting have technical limitations, such as failing to prevent a decrease in speed, to include only certain nodes in a limited number of votes, or to record results only in the blockchain, rather than the entire voting process. The development team will focus on developing advanced contracting capabilities, including the congress governance module and the Trust Contracts.

The Foundation also views the congress voting function as an object of evolution. In the existing blockchain projects, the exchange of opinions on the voting agenda was mainly carried out on online communities such as the Telegram group. Therefore, it is impossible to expect a systematic deliberation such as the presumption of agendas, orderly discussion, discrimination of false information, group opinion gathering, etc. As the solution to this problem, the Foundation is considering  applying a decentralized direct democratic decision-making system called 'DeFora', which is being developed by KoSAC (Korean Smart Authentication Corp),  a world class authorized source technology holder in the field of 'homomorphic encryption' technology (a technique that allows data to be decrypted and computed while encrypting data).

With use of DeFora, the Foundation aims to accomplish the direct democracy within the eco-system by providing congress members with Anonymous Authenticated Identity (AAID) to support free discussion, ensuring equal opportunity for participation in speech through a decentralized content production and curation system (PoV; Parity of Voice), and blocking some power-led decision-making.

The Foundation also shared a roadmap of Mainnet development. To facilitate the transaction of existing holders, the Foundation will launch an ERC20-based token first, pursue exchange listing opportunities in June, and eventually plan to switch to its own unique coin platform next year.

Meanwhile, the BOS Platform Foundation has announced they have taken measures to ensure that it is impossible for a corporate CEO to concurrently serve as a foundation director as an anti-conflict measure to enhance transparency of operations, and has formed an expert external technical advisor group to enhance fairness in the development process and the completion of the outcome.

Serge Komaromi, the Founder of the BOS Platform Foundation, stated, "The Foundation will focus on its checks and balances role, and will manage technology development and budget more transparently and rationally than any other project."

The President of the BOS Platform Foundation, In Hwan Kim, explained, "It was a difficult decision to start a new project, but I am confident that it will be a fresh start to realize the vision of white paper 1.0."

CTO of BPF Korea, Mathias Lang, indicated, "I was fascinated by the philosophy of the white paper 1.0 of BOS Project, and decided to join the project to help fulfill this vision. We will create a Mainnet that properly implements decentralization and Complete Direct Democratic Consensus. (CDDC)"

BPF Korea was established in Korea as a project operator with 100% ownership of the BOS Platform Foundation, and is in charge of BOSAGORA's Consensus Algorithm, Trust Contracts, Congress Network, and platform operation.

[BOS Platform Foundation]
The BOS Platform Foundation is a foundation established in Switzerland in 2017 in order to develop and promote the BOS Platform-based technology protocols and applications. Thus, the BOS Platform Foundation has the authority to fund and support the project.

[BPF Korea]
BPF Korea is a project operating company that is 100% owned by BOS Platform Foundation and is responsible for BOSAGORA's Consensus algorithm, Trust Contracts, development and commercialization of Congress Network, platform operation, and marketing.

More News by PR Newswire India

Medtech Nears its Golden Age Focusing on Value-based Care

Margaret Franklin, CFA, Appointed CEO and President of CFA Institute

Sirtex Medical reaches milestone 100,000th patient dose delivery of SIR-Spheres® Y-90 resin microspheres

UBM India Announces the SAFE South India and OSH South India Exhibitions in Hyderabad

Tethr and Red Box Announce Partnership to Accelerate and Simplify the Delivery of Voice of Customer Analytics Solution

HGC launches new API hub to further advance digital transformation

ANAROCK Partners With Aldar to Market its Abu Dhabi Properties in India

SutraHR Launches India’s 1st HR Toolkit - StartupHR Toolkit

IIT Faculty Join Hands to Give Students Top Ranks at Giraffe Learning

Admissions Open at IDeA Design College

TiE Mumbai and Dubai International Financial Centre (DIFC) Help Indian FinTechs Scale Their Business Across Middle East, Africa and South Asia Region

Glenmark to Partner With Novartis to Promote, Commercialize and Distribute Three Respiratory Products in Brazil

From Smart Washing to the Future of Clothing and Fabric Care: Haier Unveils Its Latest 2019 Innovations to Enrich Its Internet of Clothes Capacity

INTL FCStone Opens IT Development Services Office in Bangalore, India

"Forging a new energy future" - iCEP Presents AOGC

Suning.com announces the acquisition of Carrefour China to achieve leaping development of FMCG retailing operations

CECEP Solar Energy Technology Unveils Cost-Effective PV Products and Solutions at SNEC 2019

Sebastián Yatra Premieres New Single "RUNAWAY," In Collaboration With Jonas Brothers, Daddy Yankee, And Natti Natasha

MEIL's Worlds Biggest Pumphouse Inaugurated

Asia’s Premier Wedding and Event Photography & Film Making Festival by Capturing WOW

Casablanca and Toronto Forge Closer Links to Foster Global Financial Services Collaboration

Hunt for Indian K-pop Stars Begin for Z-POP DREAM Season 2

Social Kinnect Evolves its Brand Identity to Kinnect

Immerge Knowledge Labs Launches India’s First End-to-End Emerging Tech and XR Business Consulting Firm

YANNI will Perform at the Prambanan Jazz Festival 2019 on July 6th

"All Night," Third Song From BTS WORLD's Original Soundtrack, To Be Released On June 21

JNA Awards reveals 2019 Honourees

Merck's Massachusetts-based Business Sectors Named 'Best Places to Work' by Boston Business Journal

Giift Launches CoolfenPay, a Fully Integrated Points Payment Gateway

SPIE To Acquire Photonex, UK's Top Photonics Exhibition

Universal Fibers Expands Finished Yarn Capabilities in Europe and Asia

Artprice: France's Cultural Policy is Not in the Country's Best Interests According to thierry Ehrmann

Instart Becomes The First Cloud-Based Security Service To Deliver Complete Web App and API Protection

The Web of Science Group Releases 2019 Journal Citation Reports, Revealing the World's Most Influential Journals

Grand Slam Tennis Champion, Naomi Osaka, Named Newest bareMinerals Global Ambassador

Navitas Earns 2019 Global Technology Innovation Award for GaNFastâ„¢ Power ICs

Organica Water Awarded Monumental Project in India

Definiens & Targos Innovation: AI-powered multiplex IHC biomarker analytic solutions for precision medicine

Early Detection Cancer Camp Organized by Shree Ramkrishna Knowledge Foundation at Lathi Taluka in Amreli

Avon appoints HCL Technologies as IT infrastructure Services Partner to Support ongoing Digital Transformation

Mohit Bharatiya, who Introduced India to Gold Lending Rates and Gold Spot Exchange, Steps Down From the Jewellery and Bullion Body

founderINDIA Launches Business Class - a Chat Show With Leading Entrepreneurs

Giftalove.com Launches Online Service of Same-day Flower Delivery Nationwide

Suning's Tax-free Subsidiary Laox Announced a Fundraising of 10.1 Billion Japanese Yen to Expand China Business and Global E-commerce

REEL Strengthens Board of Directors and Senior Leadership Team With New Appointments to Support Next Phase of Growth

PwC Launches Solution Supporting Audit of Cryptocurrency

EB5 Capital Visits India to Raise Investment for New York Ritz-Carlton Project as the Hotel Chain Comes to Pune and Mumbai for the First Time

Aeroflot Expands Route Network for Summer 2019

Flexible Workspace Cements its Place as Mainstream Real Estate Asset Class; Significant M&A Activity Forecast in 2019 as Sector Consolidates: Colliers International India

Diversity and Inclusion Still at a Nascent Stage in India, Says a JobsForHer Report on Gender Diversity

Glenmark Pharmaceuticals Receives Tentative ANDA Approval for Clindamycin Phosphate Foam, 1%

Mango Hotels Launches 46 Key Boutique Hotel in Haridwar

Versa Networks Achieves NSS Labs Recommended Rating in the 2019 SD-WAN Group Test with its Security-Enabled SD-WAN

First-ever successful mind-controlled robotic arm without brain implants

Learn How to Map Your Organization's Journey to Customer Satisfaction and Success

HONOR Kicks off HONOR 20 Global Availability, Continues Record-breaking Sales Performance in China

Global Premiere of Renault TRIBER in India

LG U+ Selects iBwave as the Tool of Choice to Bring Asia's First 5G Stadium Design

Engine Restoration Begins on One-of-a-Kind Ferrari Boat

Waystar's Uniquely Agile Ambulatory RCM Solution for Automating Claims Resolution Acclaimed by Frost & Sullivan

Employees Rate Enterprise's Pam Nicholson as Top CEO for Fourth Year in a Row

Siklu Delivers Public Safety and Public Wifi for the City of Cambridge, Ontario Canada

UNSW's India Open Day Returns for a Promising 2nd Innings

Retraining and Retaining: The effect of Automation

Arms Race Driving Investment in C4ISR, Missile Defense Systems, and Network-Centric Warfare Models

EdgeVerve Product TradeEdge Receives POI Best-in-Class Award for Distributor Management

EuroKids Franchise Orientation and Awards Night - Bringing Together the Partners for a Celebration

JD Institute is now Certified as 'Global League Institute' at the House of Commons by Great Place to Study Research Institute

MEIL Constructs the Largest Lift Irrigation Marvel: KLIP Ready for Inauguration

Data Analytics Outsourcing Market in India is Worth $27 Billion: Study by AIM & Praxis Business School

Kitchen Brains® appoints Dave Jendal Vice President, Global Business Solutions

QS World University Rankings 2020: MIT Top, US Universities Hit Historic Low

Increase in Interest for EB-5 in India - EB-5 India Reaches its per Country Limit in July, 2019

Capsave Finance Pvt Ltd. posts net profits in second year of operations

Libyan Sovereign Wealth Fund Refused Permission to Appeal

Frost & Sullivan Global Survey Outlines the Next Wave of Technology Disruptors

Aeroflot Named Best Airline in Eastern Europe for Eighth Time at Skytrax World Airline Awards 2019

Arria NLG and UiPath push digital transformation and automation forward with new strategic partnership

Piramal Pharma Solutions recognized by Frost & Sullivan for its End-to-End Integrated Services Across the Entire Drug Development Life Cycle

Cendyn announces strategic follow on equity investment from Accel-KKR

Brickwork Finance Academy Proudly Conferred the Seventh Convocation and Announced the Eighth Inaugural of its Banking and Financial Analyst Certification Program

Publicis Sapient Announces John Maeda as Chief Experience Officer

Art of the Wild Comes to Life in Paris at the Extravagant Launch of HyperNature, an Event by Perrier-Jouët

Hatsun Agro Product Ltd – Update on Start of Cattle Feed Production in Maharashtra and Expansion of Company Retail Outlets

SubAir Could be a Solution to the Wet Outfields of the Cricket World Cup

US Army deploys Howler counter-UAS capability into the battlefield

LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials

Casio has Inducted a Market Sweep Action in Kolkata

Global 3D Print Materials Market for Healthcare Industry Set for Quantum Change and 20.3% CAGR Growth from 2018 to 2025

The Republic of Ecuador Announces the Results of Its Invitation for Offers to Tender for Cash Its 2020 Notes

Amazon India Emerges as the Country's Most Attractive Employer Brand Followed by Microsoft India: Randstad Employer Brand Research 2019

ColorTokens Takes Zero Trust Security to a New-generation by Unifying Network and Endpoint Security Into a Single, Cloud-delivered Platform

Companies with a strong travel culture have a competitive advantage: New research from Harvard Business Review Analytic Services in association with Egencia

Thomas Wittek Appointed as R. STAHL India MD and Board Member

RateGain Acquires BCV to Help Hotel Chains Maximize Guest Lifetime Value

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

India's SME-focused Digital Neo Bank EZOTO Gearing up for Launch in June 2019

Aiozium Launched SaaS-based Marketing Intelligence Tool Powered by AI

TV18 Broadcast India Upgrades its Newsgathering Operations with Over 100 LiveU LU600 HEVC Units

Exotel Turns Eight, Eyes the Global Customer Communication Market

Comscore Appointed as Official Digital Partner for Ad Rates in India

Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India

Golden State Killer Case Selected As 2019 DNA Hit Of The Year

Artprice (New York) - Thierry Ehrmann: Patrick Drahi's Acquisition of Sotheby's Confirms the Art Market's Entry Into the Digital Era of the 21st Century

Citi, Societe Generale, DNB and other leading international banks promote greener global shipping through new principles

Bitdefender Expands APAC Presence With New Strategic Hire

IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

The HONOR 20 Color Report: 'Positivity' in Vogue in Fashion Capitals London and Milan

LONGi ranked the most financially stable PV manufacturer by Bloomberg NEF

GCL System Integration Among First Companies Awarded LeTID test Certificate from TÃœV Rheinland

Canopy Growth provides update on international operations and activities

Polygoons, Inc Enhances its Augmented and Virtual Reality Technology

Coursmy Launches Global Live and Video E-learning Marketplace Platform

6th Anniversary of BTC Futures Trading, OKEx Enhanced Risk Management System for a Better "Future"

DLF CYBERHUB and AMPM Café Celebrated Father's Day With Harley-Davidson Riders

Thailand's surge in IMD competitiveness list reflects dynamic economy, says BOI

TB Joshua to Host Meeting in Nazareth, Israel

OPPO Roars for Team India; Released Song ‘Jeet Pe Apna Haq Hai’ Created With Fans’ Heartbeats

From Black Hole Imaging to NASA Climate Research - Supermicro High-Performance Systems Support Major Scientific Discovery & Exploration Even to Distant Galaxies

Seamless Air Alliance showcases technologies enabling the future of inflight connectivity at Paris Air Show 2019

Sino-Russian (Harbin) economic and trade index launched to serve as barometer of bilateral trade

Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Anant National University Welcomes its New Provost, Dr Anunaya Chaubey

One Man's Dream - India's Digital Awakening

Snehal Nagarsheth Joins Anant National University as Dean, School of Architecture

Systech and Toppan Sign Partnership Agreement to Deliver Brand Protection Solutions Worldwide

Top 10 Disruptive Digital Media Houses to Watch Out for in 2019-20

The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation

edelkrone Introduces Their First ORTAK Product

Health Horizons' Original Recipes Transform the Hemp Industry

FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.

SALT Announces Its Signature Global Thought Leadership Conference In Abu Dhabi, UAE

The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions

Kemin Launches New Vision and Logo for the Future

Rove At The Park Opens Doors to a Thrilling Lifestyle Experience in Dubai Parks and Resorts

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Delhi: Doctor held after video showing h...
Opposition should rethink, but its lead...
Will behead Muslim youth who harass Adiw...
PM Modi, Shah condole death of Rajasthan...
Why are Sonia, Rahul not in jail, if the...
Pakistan didn't enter Indian airspace af...
More...    
 
 Top Stories
Another Trinamool MLA to defect to ... 
Singer Tove Lo loves having career ... 
Rs 50 lakh stolen from Gulmarg Gond... 
Haryana Congress splits into two fa... 
Jagan Reddy orders demolition of Pr... 
J-K: Miscreants involved in damagin... 
Microsoft planning a foldable Surfa... 
Researchers build AI drone that can...