Category: Recently Added Whitepapers

The emergence of Bitcoin makes it possible to go to a decentralized currency system. After several years of development, it has been found that the block chain technology of Bitcoin has great potential and it can be widely used in all walks of life. In order to make better use of the block chain technology, there appears a number of application platforms represented by Ethereum, which encapsulate the underlying protocol and build the infrastructure to provide the developer with a more friendly and more flexible interface, making the developer to focus on the business logic and improve the development efficiency greatly. The Asch system introdeced in this paper is also a development platform for decentralized application, the following part will elaborate the characteristics, principles and application scenarios of Asch system

About Asch Platform

Asch is a decentralized application platform, providing a series of SDK and API to help developers creating decentralized applications based on JavaScript and sidechain technology. By providing a whole set of industry standard solutions including customized sidechain, smart contracts, application hosting, and etc., Asch intends to offer an easy-to-use, fully functional and plug & play ecosystem, by which developers can rapidly iterate their JavaScript applications, and easily deploy them into application store built in the system. These application can be smoothly downloaded and executed by every node and user located in everywhere of this ecosystem. The whole process will be secured by the Asch sidechain consensus network.

On the other hand, Asch itself is also a fully opened, decentralized application, which has its own cryptocurrency known as XAS.XAS is capable of interfacing with sidechain or any decentralized application (DAPP) through “two-way peg” mechanism so that it can be the bridge or media for the asset transition among all DAPPs, and to achieve that purpose, the XAS will be sold to the investors before the deployment of the system. Once the Asch system is published, it will not under the control of the core development team, but the stakeholders of the system and the owners of XAS.

The AdEx team is building the next generation online ad exchange that is based on blockchain technology. Our goal is to provide a more efficient, intuitive and transparent advertising platform.

Our aim is to disrupt the existing online advertising landscape and address the significant problems it faces such as advertising fraud, privacy and consent to receiving sponsored messages, and the rise of ad blockers. With digital surpassing all other advertising mediums and accounting for close to 40% of global marketing and ad spend in 2017, we see the need of innovation in this area.

We believe we can empower advertisers and publishers with a platform that is secure, transparent and beneficial for all the parties involved in the process including consumers who have been left out by existing advertising networks.

Our expertise in the fields of software development, blockchain & cryptography, video streaming and online advertising give us the confidence in creating an ad exchange that will be superior to all existing solutions used around the world.

Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere. This is the core of our business, and mobile network operators will be at the center of our strategy.

Telcoin is the first cryptocurrency to tap into synergies between the reach of mobile telecoms and the fast, borderless nature of blockchain technology. According to the World Bank, there are nearly five times as many mobile phones in the world (5 billion), as there are active bank accounts (1.2 billion). It’s a lot easier to access mobile phone services than banking services, and we aim to capitalize on that disparity.

We will initially offer Telcoin to our mobile network partners, providing their customers with seamless access to the digital economy: online remittances, transfers, payments, and ecommerce. We will also provide the necessary marketing and product development resources to nurture the Telcoin ecosystem, in a joint effort with our telecom partners.

Our objective is not to compete with telecom mobile money, but to cooperatively participate in the overall mobile money ecosystem. We see ourselves as a complementary solution; a tool that will increasingly bring users to mobile money, cryptocurrency-backed solutions, and mobile wallets. Our goal is to become one of the cornerstone financial inclusion efforts of the 21st century and we want to cooperate with actors who we believe can play a critical role in this process, namely mobile network operators.

As more and more services and socializing shift from the real world to the online world, identifying each other digitally has become a prominent theme. Development of Identity Verification (“IDV”) Technology is one of the most significant trends, which will have a critical impact on the digital economy. However, none of the existing online IDV technologies addresses two fundamental requirements: results generated from online IDV should be undeniable and unalterable.

THEKEY Project is now developing a second-generation IDV solution for the internet via BDMI technology. BDMI stands for “Blockchain based Dynamic Multi-Dimension Identification” technology. Such a solution perfectly echoes the main requirements for identifying each other in the digital world, which is ‘The Key’ for migrating people from the real world to the online world. BDMI, as the name of it, synergistically combines Dynamic Multi-Dimension Identification (“DMI”) technology and blockchain technology. DMI has already passed its development stage and is currently applied to THEKEY’s existing first-generation IDV solutions, which has built a very solid ground work to guarantee the successful development of BDMI,

• 23 copyrights have been obtained, 15 patents have been accepted by SIPO (State Intellectual Property office of the P.R.C) and start attestation process.
• THEKEY’s first-generation IDV solution is currently in use for mobile social insurance pay in two pilot cities, which people can receive their payment for their pension, or healthcare insurance reimbursement. The IDV solution is currently being deployed in another 41 cities, covering more than 130 million people.
• Personal identity data of 210 million people in 66 cities, authenticated by the relevant government authorities, are connected on a real-time basis. This constitutes a solid foundation of IDV.
• Commercial contracts signed with world-leading firms and the business model of our IDV products in this White Paper have already been partly proven.
• Six relevant national laboratories have been set up together with government agencies, banks, insurance companies and one university.

Along with the development of a second-generation IDV solution, facilitated by token sales, THEKEY Project team will also develop THEKEY Ecosystem for providing IDV services (the “Ecosystem”). THEKEY Ecosystem will consist of three components of participants (Validator, Service Provider and Individual User), Smart Contracts and TKY Tokens (THEKEY Token). The objectives of setting up THEKEY Ecosystem are, 1) to develop a healthy environment where Personal Identity Information (“PII”) can be properly used and protected, and 2) to provide a financial incentive to the participants in the Ecosystem.

THEKEY generates IDV results by crosschecking multi-dimensionally with the latest PII, behavior data and scene data. Consider an example case for IDV process in THEKEY Ecosystem. In THEKEY Ecosystem, when an individual user living in Beijing needs to be identified, such as for the purchase of medical insurance in Singapore, the insurance company will trigger a request for IDV service and start a 8-step-journey as follows: The insurance company, as the service provider, triggers an IDV request including certain medical histories of the given individual user.

The user accepts the IDV request by using his or her fingerprint through THEKEY APP or the equipment of the insurance company, and also signs off the relevant Smart Contract between the insurance company, THEKEY and the user.

THEKEY will review the IDV data request sent by the service provider against the KYC (Know Your Customer) policy of the relevant industry to justify if the data request is reasonable.

THEKEY will make comparisons between fingerprint data sent and the relevant data validated by the government, and then cross check the latest PII data, behavior data as well as scene data of the given user. These are all automatically settled through encrypted interfaces.

Once THEKEY is satisfied with the validity of user’s ID, IDV will continue. Relevant PII like medical history data will be collected as defined by the Smart Contract. THEKEY will stamp its approval on Blockchain as verification of the result so that the medical insurance company can use it.

The Smart Contract will be settled by TKY Tokens.

At the same time, all previous calculations will be documented for future data audit.

The credit of the user and the medical insurance company will be regularly evaluated and calculated through the above-mentioned data audit.

The IDV result generated from the above is efficient, accurate and reliable. It could also be tailor-made for any specific ID requirement from the Service Provider subject to relevant applicable KYC laws and regulations. This process will significantly reduce the cost of the insurance company and therefore further reduce the premium to be paid by the user.

Ripio Credit Network (“​RCN​”) is a protocol based on smart contracts and blockchain technology, which brings enhanced transparency and reliability in credit and lending. The protocol enables connections between lenders and borrowers located anywhere in the world, regardless of currency. By reducing the traditional banking brokerage costs and management fees, RCN aims to allow better conditions for both sides, creating a better credit alternative than anything available today. By including an intermediary agent (the “​Cosigner​”), the RCN seeks to neutralize the lender’s credit risk and, in case of a default, provide an alternative mechanism for managing the debt collection in the borrower’s​ ​country​ ​of​ ​residence.

Abstract

One of the most overwhelming challenges in the digital advertising industry is the abundance of fraudulent data flowing into the entire network, commonly termed as “Ad fraud”.

Currently, more than 40% of digital ad traffic is generated by automated bots which have defrauded advertisers in billions of US dollars annually [29]. Such fraudulent performance marketing deteriorates efficiency of the whole industry, and results in exorbitant costs for advertisers and thereby cuts into the actual revenue for legitimate publishers. Ad fraud is more of a systematic problem. As the digital marketing and advertising ecosystem becomes more and more complex, the middle layers between advertisers and publishers also swell into multiple stacks. Although the pattern of fraud traffic can be detected, gradually more and more by the evolving machine learning technologies, the ever deeper origin or the source is hardly traceable because of the multi-stacked middle layers that typically excel in extremely complex redistribution, routing and redirecting.

Such complexity inevitably has itself invigorated a new set of problems into the digital advertising ecosystem, such as “walled garden” and “data isolation”, etc. The entire AdTech industry is constantly facing the prisoner’s dilemma in that while data sharing globally would maximize the overall performance and effect, yet the optimal strategy for individual user is to keep the behavioral data exclusive locally on the device, be it a PC or mobile. The reason for such dilemma is due to lack of strong incentive to encourage data sharing, and inability to deliver actual value of such incentive if and when it’s available. Autonomous, fair and transparent governance, while simply self-contradictory in a centralized environment, constitutes main thesis in a decentralized and consensus based infrastructure, especially with the blockchain technology.

“We are entering a new era, where people expect the value of the services and communities they create is shared with them……Blockchain tokens offer a new way of sharing that perceived value of the community to its members.”

– Mikko Alasaarela, CEO/founder, inbot.io
Blockchain Data Foundation

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