Attempts to resolve governance issues with blockchain technology are becoming more frequent these days; however, practical implementation examples are scarce in this regard. Recently launched blockchain platform DayLight is another ambitious project exploring new paths in this area, and hopefully it could arrive at something bigger.
According to the project description, DayLight is a unified international blockchain platform implementing four basic functions needed for efficient translation of most types of government and business activities into blockchain technology.
The four functions are:
- financial system;
- register structure;
- smart contract algorithm; and
- mechanism for formation and execution of smart laws.
The financial system secures transactions (in the currency of a country) between the accounts of individuals and organizations, which should be entered in blockchain registers.
Smart contracts automatically implement transaction algorithm with involvement of register objects and with the possibility of carrying out transactions in fiat currencies.
Smart laws are electronic algorithms describing the rules and conditions of implementation of laws, confirmed by digital signatures of representatives of the relevant legislative bodies. Smart laws regulate the creation and implementation of smart contracts and automatically regulate the relationship between individuals and organizations in all areas of government activity, from civil registration to accrual of state subsidies and pensions.
By combining the financial system, register structure, smart contract and smart law mechanisms into a single blockchain platform, Daylight serves as a full-fledged efficient tool for the government, business and citizens, which can be used to manage any activity. It eliminates the need for multiple intermediaries, regulatory authorities, and document workflow.
ForkLog talked with Alexander Boldachev, DayLight’s analyst in order to find out more about the project itself and its future.
ForkLog: When did you first have the idea of making DayLight, and who is behind the project? Could you tell us more about your team?
A.B: The project’s founder is Oleg Strelenko, the creator of DCoin cryptocurrency. He is well known in the Russian community by the name of Dmitry Kharitonov. He began weighing on the global database in early 2016. The basic idea and the first concept of the global blockchain garnered support from Arthur Pakhomov, member of St. Petersburg Chamber of Commerce Council Presidium. He is our scientific consultant now. Later, Sergei Chernyshev, advisor, philosopher, and management expert joined the project.
In late July, soon after Forklog published Alexander Boldachev‘s If Blockchain Didn’t Exist, It Should Be Invented, the article’s author was also invited to join the team as the analyst. Programmers Alexei Krivonogov, Alexei Nechayev and Yuri Lomakin, as well Ruben Pombukhchian and Dmitri Eliseyev from the Institutional Design Engineering Lab are also involved in the project.
ForkLog: How the aforementioned four systems are meant to communicate, and could the entire structure become excessively cumbersome? What would it look like, and how complex or simple DayLight is set to become in terms of interfacing?
A.B.: Speaking about interfacing, i.e. interaction between users and DayLight space, it would be fairly simple, much simpler than modern-day communication between the nation state and its subjects and businesses via paper or electronic documents. On the outside, there will be interfaces for queries, data input and ID verifications. All formal relations, contacts, transactions, purchases and sales and so on will go blockchainized. They will precipitate out digitally. Only live communication and artistic activities will remain on the outside.
The internal arrangement of the system may be described as follows. On the one hand, we’ve got object ledgers (including citizens and organizations), on the other hand, there are accounts at the Central Bank, and a system of smart contracts between them to implement the required set of operations with objects and accounts, like changing attributes/relations of the objects, recording activities, depositing or withdrawal of funds, etc. However, each instance of smart contract accessing of a ledger or accounts goes through a smart law regulating the type of the operation performed with the smart contract.
For instance, a marriage registration smart contact cannot be performed for a citizen under a specified age. There is a relevant smart law, and the record as to a change of matrimonial status cannot be enforced earlier than in the time specified by the smart law at the smart contract output.
Thus, any typical operations provided in national laws (and those are the operations to be implemented in DayLight subspace in the first place) will be enforced by a relevant smart contract, or a system thereof, and controlled by smart laws.
ForkLog: As far as we know, you intend to establish an NPO and appeal to all recognized governments to create working groups developing rules and regulations for the basic smart laws and DayLight connection standards. What do you expect from that appeal? Do you believe governments would embrace the idea?
A.B.: The need for new technologies, and blockchain in particular, in optimizing national governance, enhancing efficiency and distribution of funds is obvious for many governments. However, currently they weigh on implementing blockchain projects for particular financial, economical and documentation cases.
It’s hard to tell how they would perceive the idea of a complex solution, not just that for a particular industry. DayLight believes, on theoretical and technical grounds, that blockchain technology may live up to all its advantages only in a closed informational space, where data are born and used within a single database (like it happens in Bitcoin ecosystem).
It’s a matter of time to find out whether we can persuade experts and politicians after all. We should realize, however, that there’s no actual alternative here, as modern-day IT level allows for creating systems for real-time tracking of all financial, economic and social relations. So it’s about introducing data on all agents and subjects thereof in the infospace, and sealing it with smart contracts and smart laws.
Know-how items like DayLight’s smart laws, i.e. government laws automatically regulating relationship between subjects of a unified blockchain platform, are likely to become the main argument supporting the project. It may interest national governments seeking to make lives of their subjects more comfortable, convenient and free.
ForkLog: You haven’t decided on ICO as yet. If you decide to hold it, when should we expect your crowdsale to kick off?
A.B.: Unfortunately, no comment as to the ICO so far.
ForkLog: Speaking about technical side of the project, currently you’re testing the platform in alpha. When should we expect the subsequent versions?
A.B.: We’re preparing a roadmap, but the road may dramatically change after the first reaction. It’s the question of aspiring for the global scale in the first place, or it should be gradual elaboration of functions within local projects, like those for a region or a single country.
Alexander Boldachev was interviewed by Andrew Asmakov