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Hasq – a new word in crypto-currency
Inside Bitcoins – Melbourne
9 July 2014
Oleg Mazonka
Technical Director, Hasq Technology Pty Ltd
Hasq Technology
Hasq Technology
What is Ownership
• Ownership – state of possessing something
1/10
Hasq Technology
What is Ownership
• Ownership – state of possessing something
• Possess – to own
1/10
Hasq Technology
What is Ownership
• Ownership – state of possessing something
• Possess – to own
• Possess – to have control of
1/10
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.
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.
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
3/10
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)
3/10
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
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
3/10
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.
4/10
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.
4/10
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
5/10
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
• …
6/10
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
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
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
Hasq Technology
Hasq Advantages (continued)
• Ownership of digital objects is not limited to people.
Devices or software programs can also own digital objects.
6/10
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
C++
Hasq Technology
Solutions
• Financial Industry
• IOU, bonds, travellers cheques
• Money surrogates, gift cards, reward points
• Hasq as a Shareholders Registry
• Hasq for Copyrighted Materials
• …
7/10
Hasq Technology
Solutions (continued)
• Hasq as a Messenger
7/10
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
b8d996fd
23460551
d1bc5da7
b8d996fd
23460551
d1bc5da7
c8cf7a6d
75c1e81c
Hasq Technology
Solutions (continued)
• Hasq as DNS Alternative
7/10
Domain name
IP address
IP address
DNS
Server
Domain name
IP address
IP address
Hasq
Hasq Technology
Distribution
• Portable C++ source code
• OS + Hasq = 10 Mb bootable CD ISO image
8/10
Hasq Technology
Business Development Options
• Selling commercial licences
• Providing Hasq network services
• Developing customer specific software
• Releasing free software and opening source code
9/10
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
10/10

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  • 1. Hasq – a new word in crypto-currency Inside Bitcoins – Melbourne 9 July 2014 Oleg Mazonka Technical Director, Hasq Technology Pty Ltd Hasq Technology
  • 2. Hasq Technology What is Ownership • Ownership – state of possessing something 1/10
  • 3. Hasq Technology What is Ownership • Ownership – state of possessing something • Possess – to own 1/10
  • 4. Hasq Technology What is Ownership • Ownership – state of possessing something • Possess – to own • Possess – to have control of 1/10
  • 5. 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.
  • 6. 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.
  • 7. 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 3/10
  • 8. 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) 3/10
  • 9. 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
  • 10. 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 3/10
  • 11. 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. 4/10
  • 12. 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. 4/10
  • 13. 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 5/10
  • 14. 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 • … 6/10
  • 15. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 16. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 17. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 18. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 19. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 20. 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 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7
  • 21. Hasq Technology Hasq Advantages (continued) • Ownership of digital objects is not limited to people. Devices or software programs can also own digital objects. 6/10 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 C++
  • 22. Hasq Technology Solutions • Financial Industry • IOU, bonds, travellers cheques • Money surrogates, gift cards, reward points • Hasq as a Shareholders Registry • Hasq for Copyrighted Materials • … 7/10
  • 23. Hasq Technology Solutions (continued) • Hasq as a Messenger 7/10 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c b8d996fd 23460551 d1bc5da7 b8d996fd 23460551 d1bc5da7 c8cf7a6d 75c1e81c
  • 24. Hasq Technology Solutions (continued) • Hasq as DNS Alternative 7/10 Domain name IP address IP address DNS Server Domain name IP address IP address Hasq
  • 25. Hasq Technology Distribution • Portable C++ source code • OS + Hasq = 10 Mb bootable CD ISO image 8/10
  • 26. Hasq Technology Business Development Options • Selling commercial licences • Providing Hasq network services • Developing customer specific software • Releasing free software and opening source code 9/10
  • 27. 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 10/10