BOScoin Holds Successful Global Community Conference BOSCON 2018

Results for the world's first blockchain based first "One Person One Vote" showed 97.38% in agreement. The technical session on Mainnet aimed to actively engage developer community while the visions of enabling BOScoin based payments in Jeju B-town was revealed during the event.

SEOUL, South Korea, Dec. 7, 2018 /PRNewswire/ -- Korean blockchain project aiming to create a new financial methodology, BOScoin (Corporate name: BlockchainOS, CEO: Yezune Choi, http://boscoin.io) held its first global community conference "BOSCON 2018" with more than 500 community members present. The event's main highlight was the announcement of the result of the world's first blockchain based Congress Voting on BOScoin's Membership Reward Proposal.

The first voting proposal was on membership rewards. Of the 1,375 KYC certified individuals, 1,361 people participated in the vote, showing a high participation rate. 97.38% of the total votes were in favor of the proposal, 1,339 people had agreed. To participate, individuals had to pass the KYC process, hold and also freeze ten thousand BOS.

Through this vote, the technical and operational capabilities of BOScoin's Mainnet were proved. BOScoin currently has four nodes running in Seoul and plans to add ten more nodes in Tokyo, Frankfurt and other locations by the end of this year.

BOScoin's co-founder and CEO Yezune Choi said, "2018 is the year we focused on building the foundation for the Mainnet launch and making community votes possible." He also added, "2019 will be a year with advances in not only technical features like open membership and trust contracts, but also global development in business areas."

Talking at one session, BOScoin's US Community Branch Manager Scott Matheina said, "The global community has its eyes set on this Korea based BOScoin project with high hopes. I will do my best in bringing more of the world's citizens to participate in Public Financing - the new financing methodology BOScoin aims to bring forth, by expanding the reach of the community and holding road trips to increase understanding about the project."

While introducing the concept idea on creating a BOScoin payment enabled B-town in Jeju Island, BOScoin CSO Jonghyun Kim explained, "BOScoin and its partners are planning to form a commercial district in Jeju where BOScoin be used as a method of payment. This will become an example of using BOScoin in daily life."

Korea University professor Hyungjoong Kim and other industry figures also joined the event and celebrated BOScoin's recent progress.

In the afternoon sessions, law professional Jongsoo Yoon discussed "Blockchain for Commons" while leaders of partner companies like PayExpress CEO Jaehyang Kim and Nature Mobility Joosang Lee also talked about their vision and strategy for Public Financing.

More information on BOSCON 2018 can be found at the website and details of BOScoin membership and first vote can be found here.

About BOScoin

BOScoin is a New Financing Methodology. BOScoin enhances the way Social Capital is used to create products and services on our platform by funding projects which are expected to add long term value to the entire network. We will provide a decidable and approachable framework for creating and executing smart contracts & decentralized applications on the blockchain called "Trust Contracts". The "Congress Network" is aimed towards creating a more democratic decision making process using homomorphic encryption, Human Identity Authentication, coupled with node rewards and a coin issuance schedule aimed towards creating value for the coin while deterring the centralization of power. The Modified Federated Byzantine Agreement consensus algorithm (ISAAC) will allow for up to 5000 tx/sec.

SOURCE BOScoin

Related Links

http://boscon.io