{"id":651,"date":"2022-03-05T13:42:22","date_gmt":"2022-03-05T13:42:22","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bitasean-whitepaper\/"},"modified":"2022-03-05T13:42:22","modified_gmt":"2022-03-05T13:42:22","slug":"bitasean-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/bitasean-whitepaper\/","title":{"rendered":"BitAsean Whitepaper"},"content":{"rendered":"<div id=\"post-1645\">\n<div class=\"entry-content\" readability=\"54.682795698925\">\n<p>Abstract<\/p>\n<p>BitAsean is a decentralized digital currency for use in commerce on a peer-to-peer<br \/>Basis, facilitating both Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions and<br \/>settlement. BitAsean was originally launched June 3, 2017, and is the first digital currency developed in<br \/>the ASEAN region. BitAsean is not owned by any single entity or party. Rather, it is a digital currency<br \/>obtainable through means of exchange by anyone who chooses to accept and\/or spend it. It uses the<br \/>mechanism of a fully decentralized ERC-20 protocol token (BAS) on the Ethereum blockchain. As such,<br \/>it can benefit from the innovation, utility, and security of the battle-tested Ethereum smart contract<br \/>platform and virtual machine. Our team has studied the needs of commerce and remittance throughout the<br \/>ASEAN region and developed BAS to be useful across a number of diverse use cases which serve to<br \/>alleviate some of the inefficiencies of small business, direct-to-consumer merchant sales, and supply<br \/>chain.<\/p>\n<p>Additionally, by resisting the currently popular practice of distributing coins through an Initial<br \/>Coin Offering (ICO), BitAsean is compliant with US SEC guidance on ICOs. Instead of an ICO our<br \/>approach is to get BAS into as many hands as possible, near term, in real world commerce through<br \/>distribution methods which will incentivize business and consumer end users, thus building a network<br \/>effect and token value through actual usage<\/p>\n<p> <a href=\"https:\/\/web.archive.org\/web\/20181127171018\/https:\/\/www.bitasean.org\/\"> BitAsean Website<\/a> <br \/><a href=\"https:\/\/drive.google.com\/file\/d\/0BwXAiJjk5CQhSU5HZGlkRk9iajg\/view\" target='_blank\"' rel=\"noopener noreferrer\"> BitAsean Whitepaper <\/a> <strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Abstract BitAsean is a decentralized digital currency for use in commerce on a peer-to-peerBasis, facilitating both Business-to-Business (B2B) and Business-to-Consumer (B2C) transactions andsettlement. BitAsean was originally launched June 3, 2017, and is the first digital currency developed inthe ASEAN region. BitAsean is not owned by any single entity or party. Rather, it is a digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-651","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=651"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/651\/revisions"}],"predecessor-version":[{"id":652,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/651\/revisions\/652"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}