Tuesday, November 22, 2016

Government bot has arrived

November 20, 2016 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.
Moving along rather quickly.  They have one draw back, the local sheriff is required to get humans to sign up. The system does work if the smart contract contained a tax liability coin that could be purchased and utilized when the taxpayer finds a bit of extra cash. Mosy governments alrrady kerp a tax liability coin, it needs to be digitized.

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