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Hasq – a new word in crypto-currency

Inside Bitcoins – Melbourne9 July 2014

Oleg Mazonka

Technical Director, Hasq Technology Pty Ltd

Hasq Technology

Hasq Technology

What is Ownership

• Ownership – state of possessing something

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Hasq Technology

What is Ownership

• Ownership – state of possessing something

• Possess – to own

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Hasq Technology

What is Ownership

• Ownership – state of possessing something

• Possess – to own

• Possess – to have control of

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Hasq Technology

Ownership Types

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© 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

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© 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  

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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)  

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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  

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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 

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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.

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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.

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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 

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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• …

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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.

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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.

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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.

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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.

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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.

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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.

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Hasq Technology

Hasq Advantages (continued)

• Ownership of digital objects is not limited to people. Devices or software programs can also own digital objects.

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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• …

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Hasq Technology

Solutions (continued)

• Hasq as a Messenger

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Hasq Technology

Solutions (continued)

• Hasq as DNS Alternative

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Domain name

IP address

IP address

DNSServer

Domain name

IP address

IP address

Hasq

Hasq Technology

Distribution

• Portable C++ source code• OS + Hasq = 10 Mb bootable CD ISO image

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Hasq Technology

Business Development Options

• Selling commercial licences • Providing Hasq network services • Developing customer specific software • Releasing free software and opening source

code

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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

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