MQCC Introduces itself to The Committee on Science, Technology, and Law; National Academies of Sciences, Engineering, and Medicine, in USA

Season's Greetings and Merry Christmas.

MQCC is pleased to announce that it has introduced itself to Messrs. Baltimore and Tatel, Co-Chairs of the Committee on Science, Technology, and Law; National Academies of Sciences, Engineering, and Medicine, in USA.

MEMO

David Baltimore (NAS/NAM) (2019)

President Emeritus and Robert Andrews Millikan Professor of Biology

California Institute of Technology

Co-Chair,

COMMITTEE ON SCIENCE, TECHNOLOGY AND LAW (CSTL)  

David S.Tatel (2019)

Judge

U.S. Court of Appeals for the District of Columbia Circuit

Co-Chair,

COMMITTEE ON SCIENCE, TECHNOLOGY AND LAW (CSTL)  

Committee on Science, Technology, and Law

The National Academies of Sciences, Engineering, and Medicine

Keck Center, Room 570

500 Fifth Street, NW

Washington, DC 20001

Tel: 202 334-1713

Email: cstl@nas.edu  

Dear Mr. Baltimore, Mr. Tatel and the Committee on Science, Technology & Law,

How does one present an article to your organization for publication? 

Who am I and why do I seek to present an article to your committee? 

Your's truly first identified, developed and applied the principles of a phenomena that the "world" has only "recently discovered", namely "BlockChain", for a commercial application, on April 9, 2005.

Why should this matter to you and the Committee on Science, Technology, and Law; National Academies of Sciences, Engineering, and Medicine?   

Discovery of the principles of "BlockChain" in the early 2000's by your's truly, heralded the identification of a new field of study, namely, "conformity science" (see below). With over 15 years of development and implementation experience, and over 10 years of continuous registration to the United States National Standard for Quality Management Systems, ISO 9001:2015 (and its preceding standards) [published by the United States NIST (National Institute of Standards and Technology) and ANSI (American National Standards Institute)], your's truly has proven through primary research, experimentation, implementation, regulatory audit and litigation-testing the following: "BlockChain" principles - when implemented - are more than merely, transformative, the effect is "multi-discipline convergence". Specifically, over 15 years and development and litigation testing has proven that the "highest and best use" for "BlockChain" principles is to assure that a pan-industry regulated entity (legal, engineering, scientific, medical, energy, or any other regulated process) functions in a manner that "conforms to applicable statutory, regulatory and process requirements, in real-time and harmonized on a pan-jurisdiction basis".

As explained to most major dictionaries, the scientific process which achieves the goal the moniker "BlockChain" is normally attributed to [prevention of double spending] --- [by the way: prevention of "double lending" was the original peer to peer financial problem of the years leading up to 2005] --- is best described by it's principles, coined by yours truly as "MQCC™ [Money, Quality, Conformity, Control] BlockChain Principles"; a trademark definition developed on the basis of "Scientific Research", "Observation", "Ontological", "Linguistic" and "Lexicographic" principles, with original research and development commencing at least as early as August 2001.

MQCC™ BlockChain Principles:

/m/ /q/ /c/ /c/ /'blɒktʃeɪn/ /ˈprɪn.sə.pəlz/

Definition

1. A controlled process of recorded, cumulative, sequential, verifiable, cross-platform, cascading workflows.

Further, as explained to your peers at the United States Congressional Research(USCR) Office; while the initial application of "BlockChain" principles was applied to a peer-to-peer financial instrument, the pan-industry application to other fields was clearly evident. Here is a summary of the introduction to your USCR colleagues: 

My name is Anoop Bungay and you will discover that your's truly developed the world's first Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow financial system with both regulated and non-regulated components, continuously registered since May 9, 2008 (over a decade) to the USA NIST (National Institute of Standards and Technology) ANSI (American National Standards Institute) Risk-Based, Quality Management Systems standard: ISO 9001:2015 (and it's predecessor standards; ISO 9001:2008 and ISO 9001:2000). The Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow financial network (found at www.privatelender.org) was brought "online" on April 9, 2005 and was built on seminal BlockChain principles first identified when developing the peer-to-peer finance ontology. Indeed, Privatelender.org - a Canada-based website - is the first application of "BlockChain-in-finance", based systems and technology as described in a proprietary (non-published) dissertation entitled: Binary Digit Debt: A Peer-to-Peer Electronic Finance System. The binary digit debt instrument (generically referred to as 'electronic debt"/e-debt/crypto-debt) is marketed globally pursuant to the Madrid Protocol as a US Patent and Trademark registered brand, namely "BITMORTGAGE®". The BITMORTGAGE® brand of peer-to-peer binary digit debt instrument predates, by over 4 years, the introduction of a binary digit currency (payment) system; genericized in name as as "bitcoin". 

In order to maintain over a decade of continuous registration to the USA NIST/ANSI National Standards, many years of primary research was invested in order to build an acceptable, sound ontology in the field of peer-to-peer (Crypto-/Private/Secret/Shadow) finance. As of today, the MQCC (the organization which now administers the global Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow system) is the only platform that:

• is litigation-tested by member organizations of the International Conference of Legal Regulators (ICLR.net) (which Mr. Tatel will appreciate).

• efficiently converges the disciplines of science, technology, law, finance and global commercial trade.

• is successfully harmonized peer-to-peer to financial activities to the National and International standard of 119 countries. 

• is built on the world's first internationally recognized, energy-efficient, resource-efficient, quantum computing-ready, bespoke, unified, defense standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E), interoperable, "secure, risk-based meta-operating system" designed to provide real-time assurance of statutory, regulatory and process conformity for any public sector (government), private sector (regulated and non-regulated commerce) and non-government organization (NGO).  A functional system built in accordance to the MQCC Artificial Algorithmic Intelligent (AAI™) brand of self-learning systems-standards and seminal MQCC "BlockChain" principles establishes "at-a-glance" levels of trust, accountability, transparency, responsiveness and efficiency. Empirical longitudinal studies, 12 years of annual systems audit by independent Professional Engineers® and 12 years of continual registration to the National and International Quality Management System standard of 119 countries: ISO 9001:2015, empirically proves that MQCC systems and technology provide immediate benefits, may be rapidly deployed, may be scaled to any size entity; and result in increased revenue and profitability; increased cost savings; and reduced risk of loss and expenditure. Celebrating over 19 years of successful pre-commercial research, development, commercialization, litigation-tested, regulator-audited, regulatory-recognized, continual operation and continual improvement. 

Messrs. Baltimore and Tatel; should you be interested in learning more, please visit www.mqcc.org. While a need for a peer-to-peer finance system was the original "problem", your's truly spends most of my time raising awareness to Governments, Legislators, Regulators and Regulatees on this subject; in order to educate and implement systems and technology related to matters of supervisory technology and "conformity science"; a new field of study borne out of the discovery of the application of "BlockChain-in-finance" - see www.conformity.org to learn about "conformity science".

Given the foregoing non-trivial claims, and given that I have noticed that some of your recent articles (published by your committee) actually or ostensibly do not correctly recognize the international, public historical record (pursuant to generally accepted academic standards) on the historical development of "BlockChain in commerce", is why you are receiving this email today. Your members, stakeholders and audience need to know that the principles of "BlockChain" (first identified by your's truly in the early 2000's) have been proven to have a greater transformative effect on global commerce than any single individual (including your's truly) could have envisioned; namely the convergence of "science", "technology", "law", "finance" and "global commerce".

The article I would like to present to your organization will illustrate some of the pan-industry application of "BlockChain" in commerce from both the point of view and experience, of your's truly.

Kindly help me understand the best way to present an article to your organization for publication.

Your's truly, and Merry Christmas, 

/s/

Anoop Bungay

--

If you have questions, please contact me at your convenience. In order to prevent errors and omissions, email is the preferred choice of communication. 

Thank you for choosing MortgageQuote Canada Corp., 'Proud sponsor of the Canadian dream.'®

Sincerely yours,

A. K. (Anoop) Bungay
President 

MQCC™

The First Name in Global BlockChain Conformity Systems & Technology™

Developer of Blockchain Zero One™

Education * Conformity* Finance

communication-policy.mortgagequote.ca

www.mqcc.org

"Welcome to the Future of Commerce: MQCC™" 

END MEMO

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Introduction to ICLR (International Conference of Legal Regulators) by Anoop Bungay; MQCC: The nexus of Law, Legal Regulation and First Application of "BlockChain Principles" in Commerce & Litigation Tested by Legal Regulators

MQCC is pleased to announce that is has now formally introduced itself to the Community Management Team at the International Conference of Legal Regulators.

Considering the first incident of a "BlockChain Principles-based" meta-operating system (MOS™) was litigation tested in 2013 by a member organization of the International Conference of Legal Regulators, in matters related to the defense of a legal professional (Fiduciary, Trustee, Lawyer (Barrister or Solicitor)) in relation to a claim of professional liability (error, omission, negligence), this is an important "first step" for both MQCC and ICLR.

To help enhance global consumer trust in both the legal profession and the self-regulatory principles of global legal regulators, MQCC and it's founder, yours truly, seeks to share how the discovery of "BlockChain" principles and subsequent implementation in a pan-industry (finance & legal) application helped to bring confidence, save money and helped to reduce the time and resource burden placed on legal regulators, lawyers, law firms and professional liability insurers involved during the litigation process.

In recent years, the global public has an increasingly acute fascination in matters related to the subject of "BlockChain"; and many individuals and corporations are reaching out to legal professionals for advice on the subject matter.

What most people do not realize (including legal professionals), is that a body of primary research and related ontology (principles, business methods, terminology, quality, character) in relation to "the application of BlockChain in commerce" exists (pre-2005); and is litigation tested by a member organization of the ICLR.

The implication of the foregoing is both non-trivial and clear: legal professionals around the world who seek to provide competent advice on matters related to the subject of "BlockChain"; or seek to refer to a common set of recognized "principles, business methods, terminology, quality, character", for their respective litigation purposes related to "BlockChain" matters, would be well-served to learn about MQCC and it's seminal work on the application of "BlockChain" in law.

As global litigation in matters related to "BlockChain" increases, legal regulators and legal professionals need to understand that that the discovery of the "principles of BlockChain" by MQCC (and it's founder) heralded the identification of a new field of study, coined as "conformity science" (www.conformity.org). In order for a legal professional to provide competent legal advice on any subject not directly related to law, a minimum competency is expected by legal regulators.

The history of circumstance that converges the legal industry (profession) with the discovery of "BlockChain" principles; with the identification of a new field of study, namely "conformity science"; and successful litigation testing of a pan-industry (finance & legal) meta-operating system application of BlockChain in commerce for the defense of a legal professional; creates a singular. trusted point of reference that lawyers from around the world can refer to (or learn from in confidence).

Since 2006, MQCC has developed and operated a proven (litigation tested) meta-operating system of control that assures regulated legal professionals function in a manner that conforms to statutory, regulatory and process requirements in real-time, thereby reducing the potential for instances of nonconformity resulting in financial loss to the practitioner (or practice) and loss of trust in the self-regulated legal profession.

Lord Woolf of the United Kingdom, in his groundbreaking final report entitled "Access to Justice" published in 1996 clearly recognized that information technology (IT) would be a "catalyst for radical change" and, as resources ("costs, infrastructure, strategy") evolved, IT "will assist in streamling and improving....existing systems and processes". What Lord Woolf further recognized, was a need to  "distinguish between those systems which can be implemented quite quickly, bringing immediate benefits (emphasis added), and those which are far longer term ventures. [An organization's] planning must reflect this distinction".

The MQCC distinction: Internationally recognized to be a proven "Immediate Benefit System". Since 2008, the MQCC Meta-Operating System (MOS™) is registered to the National and International Standard of 119 countries for Quality Management Systems which means it offers "immediate benefit" for any organization who implements it. Over a decade of stable operation and litigation testing (by legal professionals) proves that the MQCC system and technology is worthy of trust.

Any implementation of the MQCC Meta-Operating System earns the right to place the distinctive MQCC MOS™ Logo on all public or private communication, which enables regulated professionals (legal or otherwise) to prove - on a prima facie (first glance) basis -  to customers, regulators and stakeholders that their legal/trust/fiduciary services organization functions in a manner that assures conformity to national and international statutory, regulatory and process requirements, on a real-time basis; and distinguish themselves from other organizations who do not have such a system in place. Just as Lord Woolf envisioned in 1996.

MQCC the highest levels confidence borne out of a system that adheres to internationally accepted transparency, efficiency and accountability standards.  A legal regulator's dream, is a reality for over a decade.

MQCC: Tested by Lawyers, Trusted by Lawyers™

MEMO:

Good afternoon ICLR  (Mr. Matthew Fellowes (United Kingdom (UK), Solicitors Regulatory Authority (SRA), I trust); 

My name is Anoop Bungay. You will discover that your's truly developed the first application of "BlockChain principles" in commerce; was for implementation of a "peer-to-peer electronic finance system with in-built statutory, regulatory and process controls", pre-2005. This initial development evolved into what is described today as:  "a World's First "Self Learning AI (Artificial Intelligent) System", [a meta-operating system for organizations] to assure a regulated entity [ie: law firm] functions in a manner that conforms to statutory, regulatory and process requirements, in real-time.

The reason you are receiving this email is because ICLR and it's members need to know that the world's first system of it's kind is nearly over 15 years old, and is litigation tested by legal regulators (some of whom are members of ICLR); for matters related to the defense of a legal practitioner (solicitor or barrister) in relation to a claim of professional liability.

At your next conference, ICLR might want to consider my involvement, perhaps as a keynote speaker; but not without first "getting to know one another". The world needs to know that "BlockChain principles" were not originally applied for cryptocurrency; "BlockChain principles" were first applied to assure that regulated entities and regulated professionals function in a manner that conforms to statutory, regulatory and process requirements; and the first commercial application of "BlockChain principles" were first litigation tested in 2013, for a transaction originated in 2010.

If this introduction piques your interest, please contact me. The future awaits.

Your's Truly,

Anoop Bungay

END MEMO

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Academic Clarification: MQCC Introduces 15 year old, World's First "Self Learning AI (Artificial Intelligent) System" to Purdue University (USA)

On November 16, 2018, MQCC clarified a matter respecting "Self Learning AI (Artificial Intelligent) Systems" to Purdue University (USA) academics. Namely, in an article published at the Purdue University online "newsroom" entitled: Purdue prof: Future AI advances pose problems for police, courts;  the Purdue University academics opined that a "self-learning AI system 'could be functioning by 2030'" however the "World's First "Self Learning AI (Artificial Intelligent) System", [a meta-operating system for organizations] developed pre-incorporation by MQCC and it's founder; is 15 years old.

Original Introduction Email from MQCC to Purdue University:

START MEMO

MQCC.org - Purdue University: Introduction and memo World's First "Self Learning AI (Artificial Intelligent) System" is over 15 years old and still functioning

Developer of the world's first internationally recognized, defense standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E) "secure, risk-based meta-operating system" built in accordance to the MQCC Artificial Algorithmic Intelligent (AAI™) brand of self-learning artificial intelligence (AI) systems standards and pioneering MQCC "BlockChain" principles; designed to assure statutory, regulatory and process conformity of a regulated organization (regulatee) within any industry sector. Celebrating over 15 years of successful litigation-tested, regulatory recognized, continual operation.

   

Writer: Brian L. Huchel, 765-494-2084, bhuchel@purdue.edu 

Source: Marcus Rogers, 765-494-4545, rogersmk@purdue.edu

Good morning fellas (+1 IST); evening (EST);

The system you (one example) you described below not only exists but is over 15 years old and continuously registered to the USA NIST and DOD/GSA National Standard for systems integrity for over 10 years, namel, ISO 9001:2015 since May 9, 2008. And heralds (after over 15 years, maybe the conjugated term "heralded" is better) the birth of a new field of study, namely "Conformity Science" -- visit www.conformity.org.

Quote:

Rogers said the current tendency is to develop new technology quickly without thought as to how the criminal element might use the technology. At the current rate, scientists estimate the first strong, self-learning AI system could be functioning by 2030.

END Quote

Just an FYI.

best

Anoop Bungay

END MEMO

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MQCC provides historical correction to Fox News; Mr. Stuart Varney regarding: "BlockChain Helping to Buy A House"

On June 18, 2018; MQCC shared a message to Fox News Anchor: Mr. Stuart Varney, in order to clarify some matters discussed during an interview session between Mr. Varney and a third party.

Original Message:

Hello Suzanne and Irena,

Could you please get this message to Mr. Stuart Varney. This is a private email to your firm. A public version (omitting relevant private personal information, will be posted to your/our respective social media later today or asap; the goal immediately is to get this message to you and ultimately to Stuart to correct the historical record (and to answer questions that seemingly were not answered effectively).

MEMO to Mr. Stuart Varney, Esq., from Mr. Anoop Bungay, Esq.

Personal Matter

1. Redacted for publication;
2. Redacted for publication.

Public Matter

1.  In your recent video interview entitled: Bitcoin a game changer in real estate investing? https://www.youtube.com/watch?v=2K8mXBMuSNc; you were asking some questions that actually or ostensibly not well-answered in accordance with internationally accepted standards. Since you only seek to interview persons or persons who are "way out in front of everybody else and that's a fact. That's why you are on the show", (Transcript line item, below); please consider the following:
2. If you have been seeing the news, you know that "BlockChain" is "all the rage". What you do not know, is that the first application of BlockChain in finance was not for the development of "cryptocurrency" (by a person or persons named "Satoshi Nakamoto", pursuant to a "white paper" entitled, "Bitcoin: A Peer-to-Peer Electronic Cash System" published in 2008, but rather, the first application of BlockChain in finance was for the development of "cryptodebt" [and the obverse, "cryptoasset" also known as "private/secret/p2p debt/private/secret/p2p asset] by a person named Anoop Bungay (your's truly), pursuant to a proprietary (non-public) dissertation entitled, "Binary Digit Debt: A Peer-to-Peer Electronic Debt System" [a component chapter of a broader document entitled: "Binary Digit Debt: A Peer-to-Peer Electronic Finance System"] brought on-line under the registered trademark brand name "privatelender.org: Canada's Private Lending Network®, to serve the global public on May 9, 2005 at www.privatelender.org.

   • You may read the cursory level white paper at www.bitmortgage.org. Citation is:

   • Bungay, A. (Anoop) K. (April 30, 2018). A Brief History & Future of the Development of Global “Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow” Binary Digit Finance (BIT™ Brand Suite: BITFINANCE™, BITDEBT™,  BITMORTGAGE®), BlockChain & Conformity: Systems, Technology, Services and Products: August 14, 2001 to Present Day by Anoop Bungay. Retrieved June 14, 2018, from www.bitmortgage.org 
3. Definition of Principles of BlockChain is excerpted from:

   • Bungay, A. (Anoop) K. (April 30, 2018). A Brief History & Future of the Development of Global “Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow” Binary Digit Finance (BIT™ Brand Suite: BITFINANCE™, BITDEBT™,  BITMORTGAGE®), Blockchain & Conformity: Systems, Technology, Services and Products: August 14, 2001 to Present Day. by Anoop Bungay. Retrieved June 14, 2018, from www.bitmortgage.org 

   
   

   When functionally applied within a “Crypto-/Peer-to-Peer (P2P)/Private/Secret/ Shadow Binary Digit Financial system with in-built, real-time, statutory, regulatory and process controls”, the basic definition of the combined term "MQCC BlockChain Principles" (consisting of the composite, unitary word) “BlockChain” was coined [based upon by Scientific Research, Observation, Ontological, Linguistic and Lexicographic principles] Anoop Bungay founder of MortgageQuote Canada Corp. MQCC™^[80] as:

   MQCC BlockChain Principles:

   /m/ /q/ /c/ /c/ /'blɒktʃeɪn/ /ˈprɪn.sə.pəlz/^[81]

   Definition

   1. A controlled process of recorded, cumulative, sequential, verifiable, cross-platform, cascading workflows.

   
   

   • Defined by Mr. Anoop Bungay.
   • Submitted to all Major Dictionaries.
   • Used as the definition in preparation for judicial proceedings in Canada at least as early as 2013 for a transaction originated in 2010 [82].

   
   
4. Please note, the MQCC BlockChain (derived from the "Bungay BlockChain Zero One™ - with the distinctive term "Zero One™" referred to as: the "originating brand") is built on over 16 years of scientific discovery, starting in 2001. As explained in the cursory-level white paper, the first application in commerce was brought on-line for a government regulated mortgage and real estate process in 2005 (3 years prior to "Satoshi Nakamoto") and registered to Her Majesty's Armed Forces Defense Standards and equivalent defense standards in USA (Code of Federal Regulations (CFR)), Canada and applicable defense departments in other countries pursuant to registration to the the International Standard for Quality Management System, ISO 9001:2000 on May 9, 2008 (3 months before "Satoshi Nakamoto" became known and six months before the "bitcoin" software was published); refer to the following white paper to learn more (or visit wikipedia/peer-to-peer-lending):
   Bungay, A. (Anoop) K. (April 27, 2018). Modern Peer-to-Peer P2P, Private & Crypto: Lending, Investing & Finance in Canada & the World - A Brief History - Anoop Bungay, from www.p2pla.org.
5. You will find it very revealing that "nobody cared" when I explained to everyone "what the highest and best use of "BlockChain" is; namely: to effect conformity in a financial business process.  The world only seemed to care when the name "BlockChain" was used to describe what I did. The development of "BlockChain" resulted in the discovery of a new field of study, coined by yours truly as "conformity science"; please visit www.conformity.org to learn more.

6. Finally, while it is easy to "read" what I am writing to you, please understand, "BlockChain" is a technical solution to a technical problem, based upon scientific principles, so if your finding the comprehension curve to be steep, don't worry. For the past 10 years, only the technically proficient government staff members who draft legislation, regulations, policies, directives related to 

• National and International Standards
• Canadian Ministry of Innovation, Science and Economic Development
• American National Standards Institute (ANSI); British Standards Institute (BSI), Canadian Standards Association (CSA Group)
• the Canadian Space Agency (CSA); the United States National Aeronautics and Space Administration (NASA)  
• the various Departments of Defense (as described above)

 have truly understood the technical aspects of what was done.

7. As for the application of BlockChain in real estate; as a start, please take a moment to read the contents at www.bitmortgage.org. Please note, "BITMORTGAGE®" is a USA Registered and Canadian Trademark; recognized via international treaty pursuant to the Madrid Protocol, owned by myself, Anoop Bungay. When you are describing "binary digit real estate secured debt instruments", please refer to them using accepted generic terms, namely: "private mortgage", or "cryptomortgage" or "peer-to-peer mortgage" or "p2p mortgage" or "digital mortgage" or "binary digit mortgage".

8 - now to answer your questions, please see below in UPPER CASE for only SOME of your questions.

Source Matter (abbreviated transcript)

1. Our next guest says BlockChain is transforming the real estate industry. You got to tell me about this one. 
2. Bryce Clemmer joins us now. Okay, so i am going to buy a house. Let's suppose. 
3. How on Earth is BlockChain going to help me?

BLOCKCHAIN ITSELF IS NOT GOING TO HELP YOU; BUSINESS APPLICATIONS BUILT USING BLOCKCHAIN PRINCIPLES, IS WHAT HAS (CIRCA 2005 - SEE THE WHITE PAPER (IN RED FONT)) ALREADY TRANSFORMED THE GLOBAL REAL ESTATE INDUSTRY (IE: THE PRIVATELENDER.ORG® bR); AND IT IS THESE APPLICATIONS (IE: THE MQCC BITMORTGAGE® BRAND) THAT WILL HELP YOU BUY A HOUSE.

1. House or any real estate in general, its actually really transformative so essentially if you take a step back, right, what is Bitcoin or Cryptocurrencies or BlockChain, that tends to be the question that a lot of people debate. 
2. Stuart: Okay.
3. >> Daily, right?
4. Most people misconstrue Bitcoin as a SCAM or something negative, right?
5. Well, I look at it as digital money, it's our money moving into the digital realm. Ever since i have had a credit card i have never used cash or rarely used cash, never used checks. Over time what you are seeing and experiencing is rather fascinating.
6. We are living in a time where money is moving from off-line to online, and so with that said, you are obviously going to, in the beginning, when most folks don't understand really what it is. Skeptics, which is natural. We are all skeptical to change.
7. Stuart: We are not skeptical, I just don't understand it. Are you telling me in the future or now I am going to buy a house with Bitcoin?
8. >> Correct.

NOT IN THE FUTURE; IT IS ALREADY BEING DONE, YEARS EARLIER! SOME REAL ESTATE AGENTS IN CANADA HAVE LISTED HOUSES FOR SALE AND ACCEPTING "BITCOIN" AS PAYMENT, AS EARLY AS FIVE YEARS EARLIER (DO A SEARCH ON GOOGLE OR WHATEVER SEARCH ENGINE YOU USE). 

1. Whether it's Bitcoin or whatever it may be called, think of it as digital money. So it's your money now online.
2. Stuart: Okay, go ahead.
3. >> Go ahead.
4. Stuart: You got to tell me, i am going but a house, plot down my Bitcoins or get in the Computer, what's the advantage of that?
5. >> The advantage of it is so I-House.Com makes not just the home liquid but opens up the opportunity for anyone around the World to buy Real Estate.
6. Traditionally speaking whether it was a home most folks had to save up a lot of money to make a down payment or like the Real Estate market in Japan, you referenced Japan and how they are at the cutting edge of things, you can ultimately buy a share of it. So if you want to think of long-term investments among other things, this platform allows anyone in the World to start to buy into those types of things. 
7. So- 
8. >> If i am buying a house in America and i put down my Bitcoins, which, by the way, i have no clue what the value is, it goes up and down all over the
9. place, you get my point.
10. >> of course.
11. Stuart: You are telling me somebody in Japan can take a piece of my action, take a piece of my investment in my house.
12. >> Not necessarily your house.
13. Most folks, in this example, can determine if your home.
14. Stuart: Take a piece of the mortgage.

NO.  NOT QUITE. YOU ARE CONFUSING DIGITAL PRODUCTS. THIS IS A "SHARED OWNERSHIP ASSET STRUCTURE" THAT YOU ARE TALKING ABOUT; A DIFFERENT DISCUSSION FOR THIS.

2. >> The mortgage, what have you. In this case, I will give you the first example on I-house.We raised $160 million for a commercial real estate project over in Japan.
3. Ultimately folks from around the World were able to Determine there is a large opportunity, developer said hey, I want to develop this luxury resort,
4. raising capital, he put it on the platform, and people whether it's individuals or real estate institutions saw that and said I did like to buy up to 49% of it and so he still maintained control, but it was a way for him to raise money and not be limited to going out and finding large institutions to raise capital.
5. Stuart: It was the BlockChain technology which you employ which allowed that factoring essentially of the investment.
6. >> Exactly.
7. Stuart: How many times have you done this?
8. >> That was the first one, now rolling out actually globally, pending regulation and some specific countries, but over time, we will have, i believe, a couple hundred accomplished by between this year and next year,
9. Stuart: If i wanted a piece of your investment, i would not put dollars in, put Bitcoin or some other Cryptocurrency.
10. >> What you will see is the natural evolution of tools that allow people to take traditional U.S. dollars or traditional fiat.
11. Stuart: Look, i understand you, i think you are way out in front of everybody else and that's a fact. That's why you are on the show, you want I-House.Com to get publicity.
12. >> Well, fair enough. But at the same time, it's game changing, right?
13. It makes real estate traditionally and Illiquid asset liquid.
14. Stuart: Interesting, i think i understand it. Even for an old guy like myself.
15. >> I don't believe you.

Finally, Stuart,

Please do not misconstrue this email as a desire for publicity; I am already famous to those who know me (my family and friends and business associates); but after seeing the above video, I needed to reach out to you.

Thank you; gotta run, taking the kids to school.

Best,

Anoop Bungay

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MQCC offers suggestions to US Congressional Research Service respecting: a Peer-to-Peer Finance Ontology in relation to: Marketplace Lending: Fintech in Consumer and Small-Business Lending

David W. Perkins 

Analyst in Macroeconomic Policy (Macroeconomic Policy Analyst)

Congressional Research Service

Washington, District Of Columbia

dperkins@crs.loc.gov

Dear Mr. Perkins,

Thank you for your updated CRS Report named: Marketplace Lending: Fintech in Consumer and Small-Business Lending.

Thank you for also recognizing that "peer-to-peer" lending terminology is often applied in a misleading manner. 

Two suggestions to you for your next version of your report, if you don't mind:

1 - Regarding your Footnote 1:

Two notes on terminology: The term peer-to-peer lending was widely used during the early development of the industry. Marketplace lending includes peer-to-peer lending but also refers to a wider range of lending activity. Peer-to peer lending involves selling loans to individual people [ NOT NECESSARILY CORRECT - the test is based upon who carries the primary burden of compliance, which is the "lender" not the "borrower; indeed, the term ("peer to peer lending") itself defines the primary process, namely, lending.  For example, a typical peer-to-peer transaction is not defined by the borrower, it is the classification of "lender" that matters. Individuals (or privately held corporations) who lend their own private equity funds have the least regulatory compliance requirements of all classes of "lenders". AN ONTOLOGY-CORRECT phrase would be: "Peer-to-Peer lending involves private individuals who use their own private equity capital to invest in secured or unsecured lending opportunities to applicants (individual and non-individual) who seek to borrow funds." ] and used to be a very prevalent business model in the industry. However, large institutional investors and hedge funds play an increasingly prominent role in funding marketplace loans, making the term peer misleading. 

2 - Regarding your Figure 1:

"Examples of Marketplace Lender Business Models" does not appear to be formed from ontologically sound, process-based assessment of the "actual or ostensible business activity". For example, "Direct Lending" is a term synonymous with "Peer-to-Peer" lending where the applicant interacts directly with the lender. Indirect Lending is typical of "pooled funds" (ie: institutional investors) who seek to enter into a lending transaction by the applicant does not interact directly with the lender.

Finally, "who am I?" and "why should you consider my suggestions?"

My name is Anoop Bungay and you will discover that your's truly developed the world's first Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow financial system with both regulated and non-regulated components, continuously registered since May 9, 2008 (over a decade) to the USA NIST (National Institute of Standards and Technology) ANSI (American National Standards Institute) Risk-Based, Quality Management Systems standard: ISO 9001:2015 (and it's predecessor standards; ISO 9001:2008 and ISO 9001:2000). The Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow financial network (found at www.privatelender.org) was brought "online" on April 9, 2005 and was built on seminal BlockChain principles first identified when developing the peer-to-peer finance ontology. Indeed, Privatelender.org - a Canada-based website - is the first application of "BlockChain-in-finance", based systems and technology as described in a proprietary dissertation entitled: Binary Digit Debt: A Peer-to-Peer Electronic Finance System. The binary digit debt instrument (generically referred to as 'electronic debt"/e-debt/crypto-debt) is marketed globally pursuant to the Madrid Protocol as a US Patent and Trademark registered brand, namely "BITMORTGAGE®". The BITMORTGAGE® brand of peer-to-peer binary digit debt instrument predates, by over 4 years, the introduction of a binary digit currency (payment) system; genericized in name as as "bitcoin". 

In order to maintain over a decade of continuous registration to the USA NIST/ANSI National Standards, many years of primary research was invested in order to build an acceptable, sound ontology in the field of peer-to-peer (Crypto-/Private/Secret/Shadow) finance. As of today, the MQCC (the organization which now administers the global Crypto-/Peer-to-Peer (P2P)/Private/Secret/Shadow system) is the only platform that:

• is successfully harmonized peer-to-peer to financial activities to the National and International standard of 119 countries.
• is built on the world's first internationally recognized, defense standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E) "secure, risk-based meta-operating system" built on artificial algorithmic intelligent (AAI™) BlockChain principles; designed to assure statutory, regulatory and process conformity of a regulated organization (regulatee) within any industry sector.

Should you be interested in learning more, please visit www.mqcc.org. While peer-to-peer lending was our original business, MQCC spends most of it's time marketing to Governments, Legislators, Regulators and Regulatees in order to educate and implement systems and technology related to matters of supervisory tech and conformity science; a new field of study borne out of the discovery of the application of "BlockChain-in-finance" - see www.conformity.org to learn about conformity science.

Thank you for the opportunity to share the two suggestions with you, Mr. Perkins,

Your's truly,

/s/

Anoop Bungay

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If you have questions, please contact me at your convenience. In order to prevent errors and omissions, email is the preferred choice of communication. 

Thank you for choosing MortgageQuote Canada Corp., 'Proud sponsor of the Canadian dream.'®

Sincerely yours,

A. K. (Anoop) Bungay
President 

MQCC™

The First Name in Global Blockchain Conformity Systems & Technology™

Developer of BlockChain Zero One™

Education * Conformity* Finance

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www.mqcc.org

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NOTICE - DISCLAIMER: 

For privacy, intellectual property or educational reasons, the above message is a variation of the original message sent to the recipients. The reader is cautioned to understand that the contents of this page may have  information added, removed, modified or otherwise differ in content from the original submission.