KUALA LUMPUR, MALAYSIA – Media OutReach
– December 16,
2019 – QURAS Project Team (Information Security
Management Service Provider, Hong Kong S.A.R) and Bona Trust Corporation (Trust
and Corporate Service Provider, Federal Territory of Labuan, Malaysia) jointly
developed beta version of fully anonymized file sharing software for Information
Security Management.
This effort was the first in the world to produce a product that implement
a fully anonymized smart contract. Both project teams are preparing for an update
for the QURAS platform test net scheduled for January 2020.
The cyber security crisis awareness and challenges for companies in the
industrial field, financial sector and the governments, have rapidly increased,
and caused an urgency for all organizations, to review their countermeasure
policies in order to secure their organizations’ network security.
Small and Medium Enterprises (SMEs) ‘s facing cyber security challenges
are not able to afford the budget to hire specialists or spend a significant
amount of cost on these initiatives when compared to large corporations and
governments.
As a solution to the above, the technical teams of QURAS and Bona Trust
Corporation have jointly developed a fully anonymized file sharing software by
setting multiple authorized persons on a completely anonymized smart contract.
With fully anonymized file sharing software, SMEs can achieve extremely
sensitive information management just with a small budget.
In addition, QURAS Gas (XQG) consumed as a budget is distributed to the
wallet of all holders according to the number of possessions by staking every
18 seconds by holding QURAS coins (XQC).
An overview of the specifications and features of this software is briefly
described:-
1. Set up multiple approvers, pay QURAS gas
(XQG), and upload the file to the blockchain (strictly speaking, “node”).
2. When downloading the file, the download
is completed by the approval (multi-signature) of multiple authorized persons.
The above is a very simple mechanism using smart contracts, but this may
be easy to understand if we imagine multiple signers of bank transfer.
For example, the accounting department manages company funds and has a lot
of funds incoming and outgoing every day. When performing this work, a
mechanism is needed to prevent inadvertent input mistakes by the staff and to
prevent erroneous remittance.
If multiple signing authorities are set at this time, the remittance
process cannot be executed unless the person in charge in the accounting
department confirms that the appropriate accounting process has been performed.
Also, since multiple approval authority is required, even the person in charge
cannot perform malicious operations alone.
Certainly, this mechanism can do the same with traditional blockchain with
smart contracts. The existing smart contract can also specify the public range
as a private chain, so the public content is protected within the specified
range.
On the other hand, the characteristics of QURAS’s private chain are
significant from the viewpoint of privacy protection, in addition to the
conventional function that allows specification of the scope of disclosure, as
well as the fact that the entire scope of disclosure can be made anonymous.
This is the essential difference between QURAS smart contract and existing one.
Therefore, when using the QURAS platform, it is possible to anonymize all
data and prevent the leakage of unintended information.
In conclusion, anonymous technology includes “financial institutions” that
handle remittance and confidential information, “administrative institutions”
such as governments that handle large amounts of personal data, and “defense
industry” that exchanges national secrets and military information. It will be
indispensable in all industrial fields in the future.
This joint development was the result of an experiment that showed one
effective solution for privacy protection, and it can be said that it has given
great social significance to the history of the blockchain.
About QURAS
? Mr. Shigeki Kakutani – QURAS
Project Team (Founder / CEO)
First of all, I would like to inform you the joint development with Bona
Trust Corporation was successful. Mr. Yudai is my important friend, a seed
stage investor in the QURAS project, and an Executive Advisor contributed
greatly to project development
management and strategy proposals.
What we always talk about again and again is “What is technology?” No
matter how great a technology is developed, it has no meaning unless it is
accepted by many people and used in the real world. QURAS is like an
all-purpose kitchen knife when compared to cooking, and it has true intrinsic
value for the first time by providing cooking (application of technology) that
makes people happy. In other words, QURAS is essentially a platform, just a
tool.
In that sense, the anonymized platform “QURAS” is finally a small building
in the wilderness. Our current location is just one step away. From now on, many project teams and
engineers will use the QURAS platform to create many products and open up the
wilderness. Through this development, I was able to visualize the sight of a
large city spreading in this cyberspace.
QURAS is a word born from the word meaning “Cure”.
Our origins were a project born out of the
philosophy of completely anonymizing the privacy contained in medical charts
and providing medical services similar to those used by home doctors to people
undergoing medical examinations anywhere in the world.
This time, the development so far has bear fruit and has the potential to
be used by actual financial institutions. We will proceed with development to
get the production network up and running.
Website: https://quras.io/en/
Twitter: https://twitter.com/qurasofficial
Telegram Group: https://t.me/QurasOfficialGroup
Medium: https://medium.com/@qurasofficial
�
About Bona Trust Corporation
? Mr. Yudai Watanabe – Bona
Trust Corporation (Founder / Managing Director), and QURAS Project Team
(Executive Advisor)
This joint development was carried out as a part of our ISM (Information
Security Management) project. As a result of this joint development, we have
taken a major step towards protecting the privacy of client information through
complete anonymization.
There is nothing perfect in the world. All
theories are wrong if we say wrong, and correct if we say correct. Verifying the wrong and correctness of the theory is nothing
more than verifying one’s incomplete knowledge and ideals, that is, verifying oneself.
The most important thing is to find some useful clues from there.
DLT (Blockchain) is extremely difficult to tamper with, and by
implementing an anonymous smart contract that can only be viewed by the
parties, it is possible to automatically execute from contract conclusion to
contract condition confirmation / performance and ownership transfer procedure.
Mainly, it can be expected to prevent the leakage of non-public company
registration information, NDA (Non-Disclosure Agreement) etc. in financial
institutions.
The era of being automatically executed on smart contracts (trustless
society) will soon come, instead of existing trusted third parties. That is why
I feel that financial institutions that use brokerage services with credit as
collateral need to respond quickly to changes. Bona Trust Corporation will
continue to develop as a trust venture in the Fintech field.
Finally, QURAS platform will be running a test net shortly. I think that having decided to test develop
the product at this timing has great significance for the following developers.
The QURAS platform has many challenges for the main network scheduled for
February 2020. For example, scalability issues, preparing a multilingual
development environment, and stress testing for quantum tolerance etc. We need
to re-balance and orbital adjustment with repeated updates again and again.
I can’t wait to see what future QURAS will bring to us when these balance
of encryption technologies working together is optimized and accepted as part
of people’s lives.
| Company name | CIPHER TECONOLOGY LIMITED(QURAS |
| Project manager | Shigeki Kakutani (Director) |
| Nature of Business | Blockchain development, |
| Date of Incorporation | March 26, 2019 |
| Company Address | Unit 2302, 23/F, New World |
| Company name | Bona Trust Corporation |
| Project manager | Yudai Watanabe (Director) |
| Nature of Business | Trust and Corporate Service |
| Date of Incorporation | October 17, 2018 |
| Company Address | Unit Level 9F(2), Main Office |
Reducing waste by collaborating with the World Green Organisation and a local farm to upcycle…
Offering security solutions protecting all cloud platforms: AWS, Azure, and Google Cloud HONG KONG SAR…
Almost 1 in 2 Gen Zs are worried about mental health while 41 per cent…
“Connecting Global Experience, Strengthening Local Partnerships” HONG KONG SAR - Media OutReach Newswire - 25…
Global leaders converge in Singapore to mark new era of growth and collaboration SINGAPORE -…
BANGKOK, THAILAND - Media OutReach Newswire - 25 November 2024 - Dr. Nalinee Paiboon, President…