melb oleg2
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#bitcoinconfmelbTRANSCRIPT
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Hasq – a new word in crypto-currency
Inside Bitcoins – Melbourne9 July 2014
Oleg Mazonka
Technical Director, Hasq Technology Pty Ltd
Hasq Technology
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Hasq Technology
What is Ownership
• Ownership – state of possessing something
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Hasq Technology
What is Ownership
• Ownership – state of possessing something
• Possess – to own
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Hasq Technology
What is Ownership
• Ownership – state of possessing something
• Possess – to own
• Possess – to have control of
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Hasq Technology
Ownership Types
2/10
© Hasq is innovative technology with a vast array of real-world applications, such as crypto-currency, as an alternative to DNS, as a secure platform for blogs and messaging. There are many applications just in the financial sector alone: bonds, contracts, travellers cheques, international money transfers. These applications are all possible because Hasq has been designed as a general solution not tied to any particular industry.
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Hasq Technology
Ownership Types
2/10
© Hasq is innovative technology with a vast array of real-world applications, such as crypto-currency, as an alternative to DNS, as a secure platform for blogs and messaging. There are many applications just in the financial sector alone: bonds, contracts, travellers cheques, international money transfers. These applications are all possible because Hasq has been designed as a general solution not tied to any particular industry.
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Hasq Technology
Adding Transfer
Hasq technology introduces digital objects which can be owned in a similar way as real objects. The principle is similar to authorship in publication, but with a possibility of transfer:
• does not need legal protection
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Hasq Technology
Adding Transfer
Hasq technology introduces digital objects which can be owned in a similar way as real objects. The principle is similar to authorship in publication, but with a possibility of transfer:
• does not need legal protection • does not need medium (electronic device)
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Hasq Technology
Adding Transfer
Hasq technology introduces digital objects which can be owned in a similar way as real objects. The principle is similar to authorship in publication, but with a possibility of transfer:
• does not need legal protection • does not need medium (electronic device) • difficult to take away
3/10
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Hasq Technology
Adding Transfer
Hasq technology introduces digital objects which can be owned in a similar way as real objects. The principle is similar to authorship in publication, but with a possibility of transfer:
• does not need legal protection • does not need medium (electronic device) • difficult to take away • possible to transfer ownership
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Hasq Technology
What is Hasq
It is a particular organisation of web servers keeping distributed semi-synchronised open database. Database consists of records chained with hash functions.
Digital object — a digital sequence of certain length.Ownership — the ability to control a digital object and the
associated data.Transaction — a process of accessing or modifying a digital
object. This includes change of ownership.Issuer — an entity producing digital objects and being
responsible for the arising obligations and operational activities.
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Hasq Technology
What is Hasq (continued)
The generalisation of these concepts is what makes Hasq so
powerful.
For example, if a digital object represents a unit of currency, then a transaction becomes equivalent to one party paying the other.
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Hasq Technology
Hasq Solves Customers’ Problems
• Low risk of fraud• Low cost of computer infrastructure• Reliable transactions in unstable networks• Fast transactions compared to similar
technologies• Absolute anonymity for both senders and
recipients• Ownership cannot be taken away without the
owner’s consent• A physical medium is not required for owners to
store their digital objects
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Hasq Technology
Hasq Advantages
• Issuer has full control over issue of digital objects
• Full spectrum of anonymity: complete, partial or none
• Ultimately no client software required • Lost references to owned digital objects can be
restored• High transaction processing speed• No sensible motive to hack Hasq servers• No Public Cryptography involved• …
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
6/10
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
6/10
c8cf7a6d75c1e81cb8d996fd23460551d1bc5da7
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
6/10
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Hasq Technology
Hasq Advantages (continued)
• The process of ownership change allows intermediate states when the sender ownership is already lost but the receiver ownership is not yet acquired. The transaction is finalised when both the sender and the receiver agree.
6/10
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Hasq Technology
Hasq Advantages (continued)
• Ownership of digital objects is not limited to people. Devices or software programs can also own digital objects.
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C++
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Hasq Technology
Solutions
• Financial Industry• IOU, bonds, travellers cheques• Money surrogates, gift cards, reward points
• Hasq as a Shareholders Registry• Hasq for Copyrighted Materials• …
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Hasq Technology
Solutions (continued)
• Hasq as a Messenger
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Hasq Technology
Solutions (continued)
• Hasq as DNS Alternative
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Domain name
IP address
IP address
DNSServer
Domain name
IP address
IP address
Hasq
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Hasq Technology
Distribution
• Portable C++ source code• OS + Hasq = 10 Mb bootable CD ISO image
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Hasq Technology
Business Development Options
• Selling commercial licences • Providing Hasq network services • Developing customer specific software • Releasing free software and opening source
code
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Hasq Technology
Hasq Today
ABOUT US
Hasq Technology Pty Ltd was established in late 2012
PATENT
Patent pending for the technology and the original ideas
STAGE OF WORK
Hasq server software has been completed and is currently undergoing extensive testing
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