ST. PETERSBURG, Russia,
Nov. 20, 2016 /PRNewswire/
-- Electronic Government as a Service — eGaaS, an
international blockchain platform for organizing the economic,
state and social activities for citizens and their communities
based on smart law and smart contracts has entered the testing
phase. The platform is designed to make the migration of government
and community functions to blockchain easier. eGaaS does it by
implementing four basic functions — financial system, registry
structure, smart contract algorithm and smart law formation &
execution mechanism.
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The features of eGaaS are sufficient to efficiently transfer
most types of government, legislative and business activities onto
blockchain. The platform is the first of its kind to implement a
mechanism to frame and execute smart laws. These smart laws are
algorithms describing the rules and conditions regulating the
execution of state laws. The credibility of smart laws is confirmed
by the representatives of legislative bodies using digital
signatures. Smart laws are responsible for regulating the creation
and execution of smart contracts. They automatically regulate the
relationship between individuals and organizations in all areas of
state activity, ranging from civil registration to tax
remissions.
Being a blockchain platform with the mechanism for creation and
execution of smart contracts and smart laws, eGaaS can be used even
before governments come onboard. eGaaS can be successfully
used to create a variety of financial, business and social
applications such as payment systems, stock exchanges,
insurance and credit organizations, accounting and management
systems for all fields — from commerce to medicine. The eGaaS
platform is a handy tool for organizing communities' activities. It
makes allowance for creating rules of relations between their
members and conduct voting.
eGaaS emphasizes that the common international blockchain is not
a political or publicity stunt, but a technical and economic
necessity. Blockchain can be a reliable and effective tool only if
all the data used in preparing smart contracts, including state
laws, are located in the same information space. A modern global
economy requires that such a space should be global in nature.
By combining the financial system, registry structure, smart
contract and smart law mechanisms into a common blockchain
platform, eGaaS serves as an efficient tool for the
government, legislative bodies, business, and citizens, which can
be used to manage any activity. It eliminates the need for multiple
intermediaries, regulatory authorities, and document
circulation.
About eGaaS
eGaaS is an international blockchain platform implementing four
basic functions needed for efficient transfer of most types of
government, legislative bodies and business activities onto
blockchain.
Learn more about eGaaS at – http://egaas.org
Participate in eGaaS ICO – http://egaas.org/#/ico/
Read eGaaS whitepaper here
– http://egaas.org/docs/eGaaS_White_Paper.pdf
Media Contact
Company Name: eGaaS
Contact Email: hello@egaas.org
Contact Phone: +7-960-2744377
eGaaS is the source of this content. Virtual currency is not
legal tender, is not backed by the government, and accounts and
value balances are not subject to consumer protections. This press
release is for informational purposes only. The information does
not constitute investment advice or an offer to invest.
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SOURCE eGaaS