ICO's are gone. Most blockchains do not work because the sandbox does not work

Sandboxes are based upon testing. Testing can find one error. Maybe more, say 10. But how you are sure you found ALL errors? Old fashioned sandbox testing does not solve that problem.

The impact of using the wrong method is severe because

The blockchain is:

  1. all about compliance & certification. Governments insist on finding all errors because it could be fraud as well.

  2. Write-only, hence how to get rid of errors once made?

  3. How to test in a write only environment?

  4. Distributed, hence hard to remove distributed errors.

  5. Distributed and you cannot make an easy copy for testing as you are used too.

  6. Testing requires many programmers that are just not available.

  7. Programmers are not well educated and got used to testing instead of formal verification.

  8. Testing or work done manual in a digital environment causes "digitization asymmetry". In this case It's hard to keep up with the need...

We cage animals to limit wild behavior. If people behave like animals, we imprison them. If systems run out of control, we hit the red button or emergency break. If organizations violate compliance rules, plans or goals, we limit organizational behavior by laws.

Golden rule:

When something or someone crosses limits, the boss draws a red line.

I suggest to apply this rule to ALL systems, organizations and complex AI based robots. Blockchain offers a perfect compliance mechanism. Smart contracts limit all behavior. Behavior is upfront programmed (a priori) and not posteriori (afterwards), when it's to late. Blockchain offers full traceable of system behavior to find causes and hold responsible.

The blockchain is a deterministic permanent record of real orders, perfect to border a the probabilistic, ever changing and reality guessing AI system.

AI and blockchain are fit seamless together. Making a safe smart contract grid on top of AI. Blockchain caged AI autonomy. I would trust a child to o...

Its not hard to Imagine the milkman goes down the street delivering orders.

This blockchain minded milkman gives everyone a copy of all orders to the other residents. All residents can check the milkman now !

That’s the core idea behind blockchain technology.

Everyone can add up the totals. No milk or coins get lost without a trace. Off course a real blockchain is automated, handled by computers and encryption. Block chain consist also of a cloud of inventions like “time stamping” and “encryption”.

Blockchain benefits are: fully traceable, or immutable (write only), safe and secure (encrypted, decentralized copied ). Blockchain is tractable & transparent because all transactions are logged and stored securely offering immutable history and an audit trail. Security & trust are based upon the integrity of transactions, guaranteed via cryptography and cross checks. Eliminating virtual all human error or bias (tamper proof). More trust provided via consensus between all members after compa...

The graph on top shows successful ICO’s are getting rare. A few project have ROI, Investors got rekt. The market is finally right. Let’s look where blockchain goes next. Lets analyze the other fields of usage of the blockchain. On the fly you understand conditions for an ICO.

Blockchains knows 2 major fields of applications: Certificates & Smart contracts

I discuss digital value on certificates & Smart contracts. The two fields of blockchain applications are linked. Certificates are static, Smart contracts are part of a process. For example: after creating watertight (business) or value added procedures, it makes sense to store some created digital values. Storing “digital value” without proper procedures or flow has limited usage.

Keynes’ Theory tells that for coins or certificates (or money) there are 3 motives for usage: The transaction motive (the need for coins for the current transactions) , the storage motive (coins buffer for the for unforeseen) and the speculation motive (take ad...

Tijdens het Compliance & Risk Congres 2018 dat op 15 mei werd gehouden in Fort Voordorp te Utrecht werd voor het eerst de Compliance Innvoation Award uitgereikt, de prijs voor de meest innovatieve bijdrage aan het compliance vakgebied. Het publiek koos met een meerderheid van de stemmen Blockchain Kennis Stichting als winnaar.  Herman Balsters en Arnoud W. Berghuis MSc van BKS namen de prijs in ontvangst. Blockchain Kennis Stichting heeft de softwaretaal OLE ontwikkeld waarmee foutloze blockchaincode kan worden geschreven en waarbij managers, juristen, compliance en accountants in staat worden gesteld zelf foutloze code te lezen en te schrijven. Op deze manier verschuift de focus van de technologie naar de (bedrijfskundige) inhoud.  Tijdens het Compliance & Risk Congres 2019, dat wordt gehouden op 20 juni 2019 zal BKS haar titel verdedigen. 

On 24 May, we have the opportunity to present your innovative product at this historic, almost 500-year-old location with an important role in Dutch legislation.

First we show how legal draftsman can read and write write blockchain code in natural manner, using OLE natural language.


Then we show our OLE mathematical compiler that generates ERROR FREE & Regulation proof blockchain code.

Together these 2 steps grantee fast compliance proof blockchain implementations. OLE takes the last hurdle to implement blockchain.

See more on press release: www.dutchlegaltech.nl

 

First mangers write blockchain code in natural manner, using OLE natural language.
Second the OLE mathematical compiler generates ERROR FREE & Regulation proof blockchain code.

Together these 2 steps grantee fast compliance proof blockchain implementations. OLE takes the last hurdle to implement blockchain. Time to start production and stop talking blockchain.

OLE lets you sail around the NOD (in the green growth line) and faster access to the 3.6 Trillion market Gartner (graph) predicts. OLE causes a fast disruptive hit to the global supply chain. OLE lets you also program financial fluid funds upfront. Old "ex post" controlled funds cannot compete with upfront or "a priori" blockchain business.

The pension track organization did not want a team to win that could not understand program code. Explanation is needed. A compromise is found:

For teams at the event it's enough that they can explain or READ the machine generated code. Teams do not have to WRITE the code themselves.

Teams  get a grade for their code quality. The OLE compiler generated code is perfect. Depending on the the team expertise OLE can generate 5 - 40 times faster code than humans.

OLE let you make ERROR FREE programming code for  Blockchains.

STEP1 : The OLE editor lets non-programmers write and read OLE in an easy and natural fashion in your own input language. Lawyers, accountants and decision makers can discuss and agree upon the smart law or contract using easy readable OLE.

STEP 2: The mathematical compiler generates error free blockchain program code. The output code (Solidity or Kotlin) is generated using a certified maths compiler, the result complies with regulation.

Digital evolution or smart contract life cycle management is build in. Digital evolution enables organic growth or ad hoc changes, reducing risks. OLE enables to build and maintain complex financial, legal or primary business flows.

Solidity/Ethereum available. Corda/R3 Q2 2018. Other platforms on request. OLE is independent of blockchain platforms. We provide a stand alone natural language editor with "as you type completion" and more.

OLE mathematical compiler can proof that OLE is compiled to error free code.

A must for government regulated blockchains.

OLE texts can be validated for correctness by domain experts. Validated OLE can then be compiled to the Solidity programming language of Ethereum, producing well-structured and maintainable blockchain code. OLE to Corda/Kotlin for Q2.

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