Tolar News

Launching Tolar HashNET testnet at Noordung forum:

April 2019

Read Time: 4 minutes

The event is organized by Noordung Hub and Tolar HashNET in cooperation with Ministry of economic development and technology of the Republic of Slovenia, Noordung center and partner organizations. During this event Tolar will be launching its testnet (see program below).. 


Through the European Blockchain Partnership the European Union has begun to consider Member State cooperation towards the goal of a European Blockchain Services Infrastructure to support cross-border digital public services in interoperable manner. European Blockchain services infrastructure is one of the four actions; the others are Diplomas on Blockchain, VAT on Blockchain, Self Sovereign Identity and the platform, developed by European Court of Auditors for tracing the evidences on Blockchain. At Noordung forum we would like to encourage the dialogue and cooperation in creation of the future European Blockchain Infrastructure between representatives of the ecosystem of business sector of EU Member States, companies, supporting environment and the governments 


The EU should foster interoperability through various policy means. Interoperability is a functionality offered by a speci c tool or library, and each tool or library is usually customised to an origin, a destination, a type of data and the level of trust that the origin and the destination have in certain “signing authorities” associated with the data. We cannot request that a EU Blockchain Infrastructure should have “interoperable blockchains”. Rather, we ask for specific interoperability functionalities, and expect these functionalities to expand over time.  


Many blockchain-based workflows involve some form of automatic payment when certain conditions are met (such as the completion of a workflow). Given that blockchains and banking systems are often two separate environments, these work flows are unlikely to be able to operate unless at currencies are given an existence on blockchains, and can be manipulated by smart contracts. The EU Blockchain Infrastructure could allow users to access tokenised at currencies, for example by allowing private financial institutions to issue tokens in proportion of the amounts held by these institutions in escrow accounts or by working together with the European Central Bank to issue a central bank-backed form of tokenised euro 


GThe EU Blockchain Infrastructure should allow users to request regular back- up of their server instances and their data. 


The EU Blockchain Infrastructure should, at some point in time, offer “roll-back” functionalities. While blockchains are, in principle, immutable, there may be especially critical situations where processes or data have been corrupted due to a bug or a security issue, making it necessary to roll-back or fork one of the blockchains. Such roll-backs or forks should be exceptional, and decided only by the highest governance bodies of the Infrastructure platform. Nevertheless, if they happen, it is important to have pre-existing governance, processes and functionalities in place in order to make them happen quickly. 


The EU Blockchain Infrastructure should, at some point in time, offer “roll-back” functionalities. While blockchains are, in principle, immutable, there may be especially critical situations where processes or data have been corrupted due to a bug or a security issue, making it necessary to roll-back or fork one of the blockchains. Such roll-backs or forks should be exceptional, and decided only by the highest governance bodies of the Infrastructure platform. Nevertheless, if they happen, it is important to have pre-existing governance, processes and functionalities in place in order to make them happen quickly. 


Summary of thematic report prepared by The European Union Blockchain Observatory and Forum to be used at Noordung forum 2019: European Blockchain Infrastructure in Noordung center, Vitanje, Slovenia. You can find entire document here: https://www.eublockchainforum.eu/reports 


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