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Rabu, 18 Desember 2019 15:56:00

QURAS project team and Bona Trust Corporation successfully joint developed beta version of fully anonymized file sharing software with multiple approvers for Information Security Management

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.

https://youtu.be/-x7cbqvAKaQ (Quras Wallet | File Encryption and Delivery)

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).

https://youtu.be/It2wsldPekA (Quras Wallet | Smart Contact with Assets)

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.

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