Electronic Government as a Service — eGaaS Enters Beta Testing Phase

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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.

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.

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

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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