BOScoin will be a blockchain platform, similar to Ethereum, with contracts written in Web Ontology Language (OWL)–a programing language that is used frequently in academia and medicine as well as in the finance industry. BOScoin smart contracts, called ‘trust contracts’ will not be turing complete. The development team wanted to build a decentralized contract system that would be primarily used for financial transactions. OWL has several advantages for this use case:
- Decidable: Trust contracts will be 100 percent decidable. Which means that there is less of a risk that capital will get locked up or mis-spent in a poorly designed contract.
- Standardized: trust contracts will be based on a curated library of identities, providing a standard for how contracts are written.
- Easily readable: trust contracts will be intelligible to a laymen user unfamiliar with programming.
|Incorporation status:||BOScoin Foundation in Zug, Zwitzerland, 2017|
|Team openness:||Detailed Bios|
|Blockchain Developer:||Yezune Choi|
|Technical White Paper:||Yes|
|Available Project Code:||Yes|
|Prototype:||Wireframes available on website|
|Role of token:||Payment rights, voting rights, and block creation rights|
|Token supply:||5 billion|
|Distributed in ICO:||276,093,688.786|
|Emission rate:||Supply increases to max after 100 years|
|Consensus method:||Federated Byzantine Fault Tolerance|
|Sale period:||May 10th, 2017 to June 20th, 2017|
|Investment Round:||Second public offering|
|Token distribution date:||Distributed at blockchain launch|
|Min investment goal:||None|
|Max investment cap:||6,902 BTC|
|How are funds held:||Unclear|
|Minimum Viable Product:||Fall 2017|