By: Michael Holdmann, Prasaga CEO
With the XBOM infrastructure you have a very interesting capability that is enabled, there is no need for a token to represent an asset. In XBOM, assets are objects in accounts on the blockchain. Title or ownership of any type of asset can be transferred between accounts, not just tokens. One vertical that would benefit greatly from this is regulatory bodies, such as those that oversee securities markets worldwide.
With XBOM you are transferring asset from one account to another on the blockchain. …
By: David Beberman, CTO and Michael Holdmann, CEO
The underlying concept of the atomic swap and the Uniswap concept is the ability to control separate smart contracts from another smart contract. This enables a single transaction to encompass swapping different tokens. We should view this as proof of the underlying concept of asset swaps of any kind encompassing any type of assets not just tokens[i]. To do this, we need to design the fundamental models of exchanging arbitrary objects, which can be overridden with security functions in subclasses.
Let’s start with the basics of transferring an object between two accounts[ii]. Accounts are represented by objects and are container type objects. To transfer an object between any two accounts, we need to implement both a push function and a pull function. …
By: Rich Phillips, Prasaga Advisor
The Prasaga eXtensible Block Object Model (XBOM) enables supply chains to build a digitized line of communication and object-oriented data sharing mechanism between vendors and suppliers. By creating an auditable and immutable chain of proof and certification which not only reduces risk in the final product, it allows for a more open and accessible value chain.
In the world of automotive manufacturing, where the final product has sincere safety implications for the user, this burden of proof falls largely to the Original Equipment Manufacturer (OEM). …
EWiGS is a new approach to government supply chain to include procurement, fulfillment, usage, contractor efficiency and overall budget administration.
With blockchain, there is an opportunity to take advantage of a technology foundation to better align the government, it’s contractors, allies and most importantly its citizens. EWiGS enables real-time tracking of every dollar spent and every point of touch throughout the lifecycle of an asset whether perishable, non-perishable, tactical or non-tactical. …
In July 2019 we were asked for comment from Malta Financial Services Agency (MFSA), we focused on questions 10 ,12 and general comments as they most pertained to our platform capabilities, in the MFSA Security Token Offering Consultation Doc. July 19, 2019 https://www.mfsa.mt/wp-content/uploads/2019/07/20190719_Security-Token-Offering-Consultation-Document.pdf.
We thought we would share our comments with the community as we are now engaging with several nations regulatory bodies based on our technologies capabilities. …
Imagine a life of anonymity while legally participating globally in any transaction you have right to.
Imagine, a life in which all interactions requiring personal identity was a simple scan of a UID verifying the necessary rights to participate without giving any personal information to the other party, just verification you can legally transact and do it anywhere in the world and in compliance with any regulations geographically.
The Crypto community has created a method for anonymity of transactions, focused on transferring cryptocurrencies between accounts and avoiding detection of assets until withdrawn via an exchange. What has not been successful yet? Create personal accounts on the blockchain where all your state data resides including all necessary credentials (certs) for any type of interaction you may desire on a daily basis anywhere in the world regardless of the sovereign nation regulations. …
A First-Class Object Model; How Ancestry and Inheritance Create the DNA of Smart Contracts 3.0 Platform
Prasaga offers the following analogy of our eXtensible Blockchain Object Model (XBOM) and how it is the DNA of Smart Contracts using Canine (Dog) as an example.
All dogs have the same foundational DNA. Dog DNA has 38 pairs of autosomes (non-sex chromosomes) for a total of 76 chromosomes plus the two sex chromosomes (X and Y) for a grand total of 78.
Every Dog starts with the same 78 chromosomes. Some of a dog’s chromosomes however are customizable for the species and sex of dog i.e. German Shepherd vs. Bull Dog vs. …
Financial and Governance Models for Stability and Growth Built on Proven Systems
There are four core financial models in the DataGrid Blockchain. These are the following:
Monetary Policy Model
Gas Price Model
Node Staking Model
The Monetary Policy Model manages the supply of the DataGrid Token, changing the rate of increase or decrease based on economic information.
The Treasury Model manages the budgets for the Prasaga Foundation, the Prasaga Philanthropic spending, the wealth redistribution function, and a short-term surplus.
The Gas Price Model manages the average gas price with respect to the total DGB economy, to maintain profitability for node operators and enable competitive pricing for differentiated service. …
By Michael Holdmann and David Beberman
Recently, Prasaga filed formal application with USPTO.gov for “DGB Distributed Consensus”. (https://github.com/prasaga/Documents-Patents-Pending/blob/master/d-pow-merged.pdf) A computer-based method for combining individual hashpower of a plethora of shards that use a proof-of-work hash procedure such that each shard benefits from the hashpower from all other shards in the plethora of shards whereby a chosen set of shards having a maximal combined individual hashpower is a consensus.
PoW is only distributed in the sense that all nodes in Bitcoin or Ethereum style chain can independently mine and produce a block. Prasaga’s DataGrid Blockchain (DGB) Distributed PoW (D-PoW) is for distributing the PoW values among multiple independent chains. Thus, the PoW’s for each chain are included in the other chains. …
There are two opposing goals for the value of the DataGrid Token (DGT):
· The first is the desire to create a usable currency. For this, it needs to be stable and related to externalities, such as national economies reflected in currency exchange rates. If the DGT is stable it can see adoption for use as a means of commerce for a decentralized global economy.
· The second is the desire for the DGT to gain in value against other currencies so we can exchange some of it (i.e. USD or EUR) during an initial phase. …