White Paper 2.0

As you may be aware, we have been working on our white paper 2.0 with the aim to provide more detail to our product and also an update on technologies we are proposing for our BOS Platform.

Below is a sneak peek of the white paper 2.0 structure, where the work is split among the teams and professions with different focuses:

Trust Contract & Consensus

The updated white paper will provide information on where we see gaps in current smart contract and consensus algorithms, and how the BOS Platform aims to address these areas and the value users will experience with the BOS Platform.

Elements of this includes the various components we have been providing an update on including multiple ballot, quorum configuration for liveliness, safety and fault tolerance

Congress Network

We have partnered with third party (who specializes in identification technology) to help research and draft on the congress network component of our platform. Elements of v2.0 will include further detail into the structure and process of the congress network, including:

Membership requirements

On-boarding process

Privacy

Forum for congress discussions and the policies

Voting structure and process, and the mechanism (i.e. the use of your wallet or account), ballot process, participation requirements)

We also aim to include technologies for identification management.

Public Financing

This component is being worked on in collaboration with a engineering research center we have set up. The updated white paper will look to provide detailed background on Public Financing, and the alignment between blockchain, current everyday economics and social capital.

Review Committee

In preparation for the release, we have also engaged in specialists to review the white paper once it is drafted — a list of their specialty include: mathematics, cryptography, IT, security, and economics to name a few,

The release of our white paper 2.0 is not the end — as we will be updating it on an ongoing basis, as we further the development and maturity of the Platform.

BOS Platform Development updates

Last week the development team was focused on reviews and more reviews! This included reviewing the components of aspects of white paper 2.0 and code for our Multi-Ballot processing.

Regarding the White paper 2.0 review, the focus on was on linking our Public Finance concept with our Trust Contract and Consensus components to ensure the models all align and are integrate systematically.

Our multi-ballot improves on the Stellar Consensus Protocol as in Stellar, consensus currently appears to only allow a node to process one message at a time — we aim to improve the consensus time by processing multiple messages at a time. The team has mapped out the process, created code and conducted a review of the code.

This week, there are 2 main activities: future planning for consensus and closing the 5th Iteration.

Around September last year, we engaged in a Timed Automata professor from KAIST (Eunkyoung Jee) looking at the theory of Timed Automata and it’s fit into our Trust Contract technology. From that, we were provided with a good introduction of UPPAL to model the computational behavior. We have continued our contact with the KAIST and this week we are in discussion to potentially further the use of that UPPAL model into our consensus component.

As the 5th Iteration is coming to an end, our team are working to review the codes and modules created for our multi-ballot consensus; and also our Trust Contract data structure and lifecycle work.

We aim to provide a summary of our findings in next week’s newsletter to please stay tuned!

BOS Security Advisory Committee

On March 8th, our team stood up the BOS Security Advisory Committee (BOS SAC) with the intention to proactively review and prevent security risks related from a variety of perspectives including policies, technologies, management, and compliance.

Members of the BOS SAC include:

A Professor from the Yeonsei University Graduate School of Information (Strategy, Security, & Privacy), Beomsoo Kim

A Professor and Director of the KAIST Cyber Security Research Center, Yongdae Kim

A Managing Partner Tek & Law — A Law firm specialising in ICT, and IT Law, Taeeon Koo

The CEO of Somansa — an IT Security consultancy, Daehwan Kim

BOScoin Project CISO, Eunseong Kang

The initial meeting held provided a good discussion aligning all members on the direction of the BOS Platform, and also brought everyone up to speed on current development and environment in this space; the committee plans to have regular discussions on minimum quarterly basis. We believe the BOS environment will benefit greatly from these insightful discussions on an ongoing basis.

AMA (Ask Me Anything)

Our next release of the set of AMA videos are in finalization with the videos recorded and subtitles being added — we look to have these released by this week!

Although we could not address every single question, we tried to cover as much as possible without being too lengthy. A sneak peek of the questions we are responding to include:

Our Public Finance concept

Partnerships, Projects, and Applications including: BOSsolar, Ontology with Franz, Cosmos, Retinal Technology with KSA

Some technical aspects including: homomorphic encryption, atomic swap, DDoS, Lightning Network

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