The Rt Hon. Lord Woolf (UK); the future of Law, Science (information technology, conformity, BlockChain), Governance, Finance, Society & realization of the Immediate Benefit Systems & Technology (IBS&T™) "Distinguishing Mark" developed by MQCC

Introduction

In 1996, under appointment by the Lord Chancellor of the House of Lords in the United Kingdom (UK), The Rt Hon. Lord Woolf (Harry Kenneth Woolf), presented a final report entitled Access to Justice: Final Report to the Lord Chancellor on the Civil Justice System in England and Wales [1]. This report became the basis for the introduction of reforms for both the "UK civil justice" and "UK justice system"[1.1]. Many of the recommendations also became the basis of reforms throughout some Commonwealth member and non-Commonwealth nations.

In Lord Woolf's Final Report, apart from the matters related to civil justice reform, the report described the import of the following characteristics of IT[1.2]:

• IT will be a catalyst for innovation 
• importance of speed and efficiency 
• importance of cost savings  
• importance of using IT to distinguish UK as being "world class" 
• importance of streamlining and improving existing systems  
• importance of an overarching, coordinated, coherent, integrated, well-planned system
• importance of standards, parameters and guidelines
• importance of reducing duplication
• importance of quality
• importance of productivity 
• importance of comprehensive training
• importance of distinguishing between "immediate benefits" system and those which are long term ventures

Two Problems: Two Solutions

 Lord Woolf's recommendations in relation to IT can be reduced to two problems:

• Problem 1: to assure proper system governance, Lord Woolf determined there was a need for an information technology (IT) strategy which allows for implementation of a well-planned, coherent, system-wide (End-to-End/E2E), interoperable, standards/parameters/guidelines-based, coordinated, overarching system of control for the justice system. This would result in streamlining, cost savings and improvements in quality and productivity for all branches of the professions including: judges and relevant bodies: lawyers (barristers, solicitors) and their clients. To the benefit of not only the profession, also to: the taxpayer, court system users (both UK and foreign) and the public in general.

• Problem 1 was based upon a compendium of Lord Woolf's following observations and recommendations:
  
  • a) application of IT was critical in supporting the implementation of UK justice system reforms.
  • b) various departments or agencies within the UK justice system "were pursuing their own individual initiatives, concurrently but with little mutual regard, which has resulted both in unnecessary duplication of effort as well as in incompatible systems (or at least systems which do not operate alongside one another)"[1.3]. IT in the civil justice system functioned as "a collection of separate information systems; and there has been no effective mechanism in the past for bringing these together as one coherent system"[1.4].
  • c) the need for a "more strategic, coordinated and longer term approach for the entire system"[1.5] requires that an overarching IT strategy be developed. Lord Woolf recommended that an overarching strategy that allows for coordination across the justice system as a whole "is both desirable and necessary for cost effective implementation and uptake within the system and within the legal profession".
  • d) As with all major organizations, strategic IT planning should follow standard multi-dimensional, time-scales: "medium term (two to four years) and the other should have a far longer term focus (five to 10 years)"[1.6].

• Problem 2: the need for top management[2] (including strategic planners/decision makers) to distinguish between IT systems; namely, those systems with the distinction of providing "immediate (plug 'n play/PnP) benefits" (1-2 years) from those systems whose benefits will be realized over a medium or longer term (2-4 years; 5-10 years).[3] 

Problem 1 defined: What needs to be done.

The need for an overarching system of control. Lord Woolf determined that "lack of IT co-ordination across the civil justice system" resulted in an number of weakness' including: "various agencies within the civil justice system and the justice system as a whole are pursuing their own individual initiatives concurrently but with little mutual regard, which has resulted both in unnecessary duplication of effort as well as in incompatible systems (or at least systems which do not operate alongside one another)" - without sacrificing the need for security of communication.[4]

Lord Woolf further "stressed the importance of the role of IT in supporting the implementation of [his] more general recommendations.[5]" Including the need to consider costs, infrastructure and strategy when sensibly investing in appropriate technology to[6]:

• streamline and improve existing systems
• streamline and improve existing processes
• increase cost savings
• improve quality
• enhance productivity

Given the regulated, complex and critical processes of law, an effective solution to the problem of a large scale deployment (on a country-wide or sector-wide basis) necessitates the need for a strategic designed, standards-based, integrated system which allows for unification of information (data) from disparate nodes and disparate functions with inbuilt recording, validation protocols and conformity to applicable statutory, regulatory and process requirements. Just as Lord Woolf both recognized and stated.

• MQCC classifies any regulated process as a "complex or critical" process. For example a "legal process"; one where an individual or organization is obligated to perform at a fiduciary standard and must conform to statutory, regulatory and process (SRP™) requirements; or a high degree of public accountability and trust is required. Any breach thereof may lead to claim of negligence resulting in litigation and the involvement of third parties including professional liability insurers.

How does one implement an overarching system of control, coordinating IT across disparate nodes and disparate functions for a critical or complex operation, which assures continual conformity to statutory, regulatory and process requirements? See below.

Problem 2 defined: What solution offers an immediate benefit?

While Lord Woolf recognized that IT, itself, could become "a catalyst for radical change"; he also expressed that planning an IT strategy necessitated a need to "distinguish between those systems which can be implemented quite quickly, bringing immediate benefits ( (short term: 0-24 months/medium term: 24-48 months[7]), and those which are far longer term ventures[8] (seven to 10 years out[9])." 

How does one know if a system or innovation has the distinction of being an "immediate benefit"? See below.

Problem 1 Solution: MQCC Risk-Based, Organization Conformity Operating System (OCOS™)

In 2001, the founder of MQCC commenced research and development for an electronic operating system that, today is described as:

The world's first internationally recognized, energy-efficient, resource-efficient,  
quantum computing-ready, defence (UK MOD) standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E), interoperable, "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 real-time statutory, regulatory and process conformity of both regulatory (regulator) and regulated (regulatee) organizations, within any industry sector. Celebrating over 15 years of successful litigation-tested, regulatory recognized, continual operation. 

Implementation of the MQCC system and technology assures legislators, regulators, customers, prospective customers, investors, prospective investors and stakeholders that all aspects of an organization's operations - from top management (governance) to employees (operations) to customer (audit) -  function in an enforced compliance ecosystem that creates conformity to applicable statutory, regulatory, process & customer requirements resulting in exactly what Lord Woolf envisioned, and more:

• streamline and improve existing systems
• streamline and improve existing processes
• increase cost savings
• improve quality
• enhance productivity
• improve customer satisfaction and public confidence
• visit www.mqcc.org to learn more

Beyond Proof-of-Concept; Fully Functional, Empirically Proven, Litigation Tested (by Legal Regulators), International Acceptance

Incorporated in September 2006, MQCC systems and technology are 'beyond proof of concept', they are fully functional and litigation tested for wide range of disciplines including legal, financial and regulatory.

Continuously, from May 9, 2008 until today (January 2019), the MQCC system and core technology is registered to the the rigorous and exacting UK National Standard for Quality of Management Systems, published by the British Standards Institute (BSI).  Registration to the UK National Standard requires third-party audit by an Accreditation body, namely, BSI; and provides prima facie (at-a-glance) evidence that MQCC's system and technology (products and services) are safer, better and more efficient[10], for the benefit of society as a whole.

Registration to UK National (and equivalent, International) Standard offers empirical (unbiased, third-party) proof that MQCC's core operating system "does what says and says what it does". This high standard instills unparalleled confidence and trust in the MQCC system and technology by technical (scientific, engineering) professionals, on a global basis.

The MQCC core operating system is successfully litigation tested by member bodies of the International Conference of Legal Regulators (ICLR).

Problem 2 Solution: The MQCC Immediate Benefit Systems & Technology (IBS&T™) Designation

MQCC is pleased to announce the introduction of the MQCC Immediate Benefit  Systems & Technology (IBS&T) designation (distinguishing mark/logo).

The MQCC Immediate Benefit Systems & Technology (IBS&T™) Logo

The MQCC IBS&T™ designation enables prospective and existing organizations who use MQCC systems and technology (government, regulatory and corporate clients) and their respective technical professionals (scientists, process engineers, IT staff/consultants/buyers); to quickly identify (on a "prima facie" or "at-a-glance" basis), that MQCC Immediate Benefit Systems & Technology are protocols are available for implementation.

Further, the MQCC IBS&T™ distinguishing mark provides validation that MQCC systems and technology (direction/purpose, standards, parameters, guidelines[11]) meet the two most important characteristics identified by Lord Woolf, namely[12]:

1. quick implementation
2. realization of immediate (plug 'n play/PnP") benefits

The ability for MQCC to develop technology that creates "systems" which are able to deliver "benefits" on an "immediate (quick)" basis, did not happen overnight. Applying the principles of "blockchain" [first identified by Anoop Bungay (Founder of MQCC) pursuant to implementation of a "peer to peer (p2p/crypto/shadow/secret/private) electronic finance system" (brought online as www.privatelender.org on April 9, 2005)] MQCC developed the ontology; standards, parameters and guidelines required in order to create a system that conforms to - what Lord Woolf or any professional would identify - having an "immediate benefit".

Development of the MQCC IBS&T™ ontology led to the discovery of a new field of study, coined as "conformity science". Visit www.conformity.org to learn more.

Required Characteristics of an MQCC Immediate Benefit Systems & Technology:

• the system or technology must be litigation tested or regulator-audited and meet the MQCC conformity standards.
• the system or technology must be registered to an international recognized Quality Management System standard.
• the system or technology must audited by third party auditors at least once per 12 month period.
• the system or technology must meet or exceed United States Federal Acquisition Regulations to meet higher-level quality standards for complex or critical processes.
• they system or technology must be built on the MQCC universal development platform.
• the system or technology must have been in Alpha-use or controlled Beta-use, for at least 36 months, prior to applying for the MQCC IBS&T™ designation.

A pan-industry solution: beyond Law and beyond the "The Future" envisioned by Lord Woolf

Tokenized Law; Tokenized Finance; Tokenized Commerce; Tokenized Quality; Tokenized Conformity

In his final report, Lord Woolf envisioned a future consisting of systems and technology where a judge would be able to access historical and current validated [pursuant to court protocols] information (data) related to a particular matter (case or subject), in an electronic format, from anywhere; retrieved from "some central location"[13].

Converting information to a digital format and applying MQCC "tokenization protocols"; information (data) related to a particular matter (case or subject), in an electronic format, from anywhere; may now be retrieved from (and updated to) a decentralized location (ledger-based system)".

Originally designed for financial and legal purposes; with over 15 years of experience applying the seminal principles of "BlockChain" (www.blockchainprinciples.org) in a commercial environment, MQCC systems and technology expands Lord Woolf's vision beyond the finance and legal sector to all other industry sectors (pan-industry application) [Industry Sectors as defined in the International Standard Industrial Classification of All Economic Activities Revision 4 [14]].

Some UK examples with a connection to law, finance, government and regulatory oversight include:

• In Summer 2018 (July), the Law Commission of UK has commissioned a project under the guidance of Commissioner Stephen Lewis to develop a scoping study of the use of "BlockChain" technology in application of "smart contract"[15]. 

• What the Law Commission is not aware of, is the application of seminal MQCC "BlockChain" principles to the field of law, as a whole. Specifically, how MQCC "BlockChain" principles allowed for Lord Woolf's vision of an integrated, safer, better and more efficient legal (justice) system to become a reality. A system that can be used by all levels of governance, regulation and law practices (from a international law firm to a practice-of-one).

• In Summer of 2018 (August),  the UK Ministry of Justice under the guidance of Balaji Anbil - Head of Digital Architecture & Cyber Security, is investigating BlockChain as a possible tool for securing digital forms of evidence[16]. 

• What the UK Ministry of Justice is not aware of, is the application of seminal MQCC "BlockChain" principles to all aspects of the Justice System - beyond digital forms of evidence - including: 
• audit based, enforced compliance operating systems to ensure statutory, regulatory and process requirements by lawyers (barristers and solicitors) are maintained at all times from client intake to file closure; resulting in increased levels of customer satisfaction; increased regulatory confidence and decreased instances of professional liability claims against a lawyer due to nonconformity caused by errors, omissions or negligence.
• MQCC "BlockChain" principles assure that justice officials, legal regulators and their regulatees (law firms, lawyers) are able to work within a decentralized operating system environment with the following elements of distinction:
• MQCC organization conformity operating system (OCOS™) standards incorporates, meets or exceeds applicable World Trade Organization (WTO) Technical Barriers to Trade (TBT) standards; perfect for the United Kingdom which seeks to establish itself as the premier destination for global commerce.
• MQCC organization conformity operating system (OCOS™) standards incorporates, meets or exceeds applicable Organisation for Economic Co-operation and Development (OECD) standards including "common reporting standards", which legal professionals in a fiduciary (trustee) role must adhere to, for all international clients.
•  MQCC organization conformity operating system (OCOS™) standards incorporates, meets or exceeds applicable Group of Seven (G7) [Canada, France, Germany, Italy, Japan, UK] and USA NIST standards for cybersecurity, namely, the "Eight Element Principle, which assures - among other benefits - that Lord Woolf's expectation that "all participants in the legal process can communicate easily with one another across the same system (while still preserving the facility for individuals to communicate in complete security with each other)[17]" is maintained. 

• In Autumn of 2018 (October), Her Majesty's (HM) Land Registry under the guidance of Graham Farrant, Chief Executive of HM Land Registry, is exploring how BlockChain technology could be used to provide quicker and simpler services[18].

• What the top management of HM Land Registry are not aware of, is the first application of "BlockChain" principles in finance was a for a mortgage process; specifically: a peer-to-peer (p2p/crypto/shadow/secret/private) binary digit financial instrument, secured by real estate. The specific generic applicable terms include: "cryptomortgage", "binary digit mortgage" [Trademark Registered in USA, Canada and 17 additional countries including the UK, pursuant to the Madrid Protocol as BITMORTGAGE® (www.bitmortgage.com)]. Developed by yours truly and first made available to the global public at www.privatelender.org; the world first peer-to-peer financial network for trading in both regulated and free-trading (regulatory exempt, non-regulated or self-regulated) securities on April 9, 2005.
• While HM Land Registry is presently in "groundbreaking research and development stage" in order to "full explore the potential benefits" of "BlockChain" for use in its "Digital Street" project. Digital Street seeks to work with industry to "understand how the innovative use of technology, such as BlockChain, distributed ledgers and smart contracts, could revolutionise the land registration and property buy-sell process."[19]. 
• Once again, realization of Lord Woolf's vision can be seen. Specifically, Lord Woolf envisioned that the recommendations proposed in the civil justice reforms Final Report would also apply to real estate-based issues including landlord-tenant and mortgagee-mortgagor matters.[20]
• Whether an applicant is applying for tenancy (residential or commercial) or a mortgage (personal or business; regulated mortgage or non-regulated (peer-to-peer/p2p/crypto/shadow/secret/private) mortgage), the MQCC "BlockChain" based system and technology assures safer, better and more efficient real estate transactions by integrating all aspects of an "application process" from origination, underwriting, conditions fulfillment, security registration (both digital and non-digital) closing and servicing; within an ecosystem that allows for conformity to statutory, regulatory and process requirements (ie: in-built validation protocols, risk-based cybersecurity protocols, internodal/intranodal communication within a decentralized network). 
• For real estate (mortgage) transactions, MQCC "BlockChain" based systems and technology integrate the functions of application and financing with applicable regulatory oversight, legal process elements and land title systems protocols including escrow and torrens system.

MQCC innovation heralds the functional convergence of Governance, Regulation, Law & Finance; the creation of Customer, Consumer & Public Trust

Lord Woolf's early vision set the stage for "what could be possible". With the advent of technology and awareness of new business methods (innovation), MQCC discovered that functional convergence of processes related to the disciplines MQCC calls "the Four Piers", namely: Governance, Regulation, Law, Finance, within the MQCC organization conformity operating system (OCOS™), leads to the creation of trust at all levels of the societal continuum: the "customer", the "consumer" and the members of the "public".

• Legal professionals are the central point of reference because when problems related to finance happen, the lawyers get called first.
• As technology and innovation unfold, legal professionals have a greater need to acquire the necessary knowledge and skills to be able to provide guidance or legal advice, in accordance to legal regulatory standards (or professional codes of conduct) respecting "professional competence".
•  The UK Solicitor's Regulation Authority (SRA) has developed a "Statement of solicitor competence" protocol.[21]
• The UK Bar Standards Board requires a "competent standard of work and service".[22]
• The Law Society of UK promotes "Lexcel", a legal practice quality mark. The MQCC OCOS™ system inherently meets or exceeds the Lexcel standards and may be implemented by law firms, on an "immediate benefit basis" (0-2 years).[23]
• The International Bar Association has similar standards on "competence".[24]

• What legal professionals are not aware of, is that MQCC OCOS™ enables legal professionals to provide legal services in an environment that provides safeguards that flag instances of statutory, regulatory or process nonconformity, thus reducing the risk of claims, complaints or formal negligence claims.
• For law firms or lawyers working within a technology environment, MQCC OCOS™ creates inbuilt regulatory controls so that the legal professionals are able to provide legal advice within a system that distinguishes between higher risk-based regulatory processes from those processes of less higher risk.

• UK financial regulators from the Bank of England to the Financial Conduct Authority, are seeking ways and means to balance innovations in technology with the need to assure both domestic and international financial customers, that the UK financial system functions at the highest level of quality.
• The Bank of England (BOE), under the guidance of fellow Canadian, Mark Carney, established the Bank of England Accelerator. The Accelerator is used to help BOE understand emerging technologies first hand.[25] Additionally, the BOE is working with the London Stock Exchange for applications of "BlockChain" in public capital markets.
• With inbuilt statutory, regulatory and process conformity protocols which incorporates both financial and legal processes, MQCC system and technology enables proof of concept firms to quickly transition from a testing environment to a fully functional environment.
• Public companies have no better ecosystem for management than the MQCC OCOS™; designed for corporate efficiency and accountability.
• The Financial Conduct Authority (FCA) is exploring a "global sandbox", which will enable UK financial companies who seek to develop, capitalize and commercialize financial innovation internationally.[26]
• Applying the principles envisioned by Lord Woolf, MQCC has developed a "global sandbox" that is already harmonized to the National Standards of 119 countries, thus enabling safer, better and more efficient testing of emerging concepts.
• FCA's former risk frameworks: ARROW and ARROW II are converted to a risk-based framework, fully incorporated by the MQCC BlockChain based operating system: MQCC OCOS™.
• FCA seeks input and guidance respecting new-to-UK financial innovations, including "peer-to-peer" (p2p/crypto/shadow/secret/private) finance. MQCC, as developer of the world's first "cryptofinancial system", has over 15 years of scientific research, business development and litigation-tested, regulatory-audited p2p finance experience, to help FCA policy makers better understand how MQCC developed the nexus between "BlockChain", Governance, Regulation, Law & Finance; the creation of Customer, Consumer & Public Trust.

Lord Woolf's 1996 Recommendations in 2019

How the lessons from the legal sector can help prevent history of wasteful spending from repeating itself in other sectors of the UK Government, system-wide; with the help of the seminal MQCC "BlockChain" principles.

• As of January 7, 2019, at least 29 UK government departments and agencies are publicly seeking to participate in the "BlockChain" related activities[27]. 

• Government Actuary's Department (1)
• Department for Digital, Culture, Media & Sport (8)
• HM Treasury (7)
• HM Land Registry (6)
• Cabinet Office (5)
• Government Digital Service (5)
• Foreign & Commonwealth Office (4)
• Department for Business, Energy & Industrial Strategy (3)
• Department for International Development (3)
• Government Office for Science (3)
• Innovate UK (3)
• Defence Science and Technology Laboratory (2)
• Government Chemist (2)
• HM Revenue & Customs (2)
• Closed organisation: UK Trade & Investment (2)
• Centre for Connected and Autonomous Vehicles (1)
• Closed organisation: Centre for Defence Enterprise (1)
• Civil Aviation Authority (1)
• Defence and Security Accelerator (1)
• Closed organisation: Department for Business, Innovation & Skills (1)
• Department for Education (1)
• Department for International Trade (1)
• Closed organisation: Financial Services Organisation (1)
• jHub Defence Innovation (1)
• Medicines and Healthcare products Regulatory Agency (1)
• Ministry of Justice (1)
• Ofcom (1)
• Ofgem (1)
• Prime Minister's Office, 10 Downing Street (1)

• Research into each department's activities shows that there is a disparate understanding of "what BlockChain is", or "how BlockChain can be used". Just as Lord Woolf saw with the legal profession in 1996, it is not hard to appreciate that the UK government is investing millions of pounds in research and development that is a duplicate of "Problem 1", experienced by the legal professional. 

• To paraphrase Lord Woolf, "various UK ministries, departments and agencies within the UK government as a whole are pursuing their own individual initiatives concurrently but with little mutual regard, which has resulted both in unnecessary duplication of effort as well as in incompatible systems (or at least systems which do not operate alongside one another)". Not in the delivery of law, in the development of "BlockChain".

• For Example, in current publicly available documents from the UK Government UK.gov website:
• The definition of "BlockChain" published in 2015 by the UK Government Office for Science in the document entitled: Fintech Futures The UK as a World Leader in Financial Technologies on Page 60 of the Glossary is:
• a digital currencies database. Full BlockChainz, which are usually sequential, contain every transaction ever completed in the currency
• The definition of "BlockChain" published in 2016 by the UK Government Office for Science in the document entitled: Distributed Ledger technology: beyond block chain on page 17 is:
• A block chain is a type of database that takes a number of records and puts them in a block (rather like collating them on to a single sheet of paper). Each block is then ‘chained’ to the next block, using a cryptographic signature. This allows block chains to be used like a ledger, which can be shared and corroborated by anyone with the appropriate permissions.

• The unifying, interoperable, standardized approach developed by MQCC helps the UK government by reducing wasteful (duplicate) expenditure by increasing efficiency and enabling leaders to focus on development and inter-department communication, in order to create a shared knowledge-base. 

What is MQCC?

The Money Quality Conformity Control organization (MQCC)[28] is developer of the world's first application of "BlockChain principles in commerce" (for a financial/legal/regulatory application), and inventor of the internationally recognized, defence (UK MOD) standard, military/law enforcement-grade, turn-key, plug 'n play (PnP), end-to-end (E2E), interoperable, "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 real-time statutory, regulatory and process conformity of both regulatory (regulator) and regulated (regulatee) organizations, within any industry sector.

Celebrating over 15 years of successful litigation-tested, regulatory recognized, continual operation; the MQCC system is registered to the United Kingdom National Standard and equivalent International Standard of 119 countries; and meets the UK Ministry of Defence (MOD) Defence Directives and Guidelines for Quality. Visit www.mqcc.org to learn more.

A complete list of the features, benefits, characteristics and quality of MQCC systems and technology may be found at www.mqcc.org.

[1]  Great Britain: Lord Chancellor's Department: Woolf, Harold; Access to Justice: Final Report to the Lord Chancellor on the Civil Justice System in England and Wales(Great Britain: Stationery Office Books, 1996-July) 
[1.1] ibid. Section I; Para. 4
[1.2] ibid. Section VI; Chapter 21 
[1.3] ibid. Section VI; Para. 29
[1.4]ibid. Section VI; Para. 30
[1.5] ibid.
[1.6]ibid. Section VI; Para. 31
[2] As defined by the International Organization for Standardization. 
[3] ibid. Section VI; Chapter 21; Para 1,31.
[4] ibid. Section VI; Chapter 21; Para 29.

[5] ibid. Section VI; Chapter 21; Para 1. 

[6] ibid.
[7] ibid. Section VI; Chapter 21; Para 31.

[8] ibid.

[9] ibid. Section VI; Chapter 21; Para 36.
[10] Money Quality Conformity Control Organization (MQCC); www.mqcc.org

[11] ibid. Section VI; Chapter 21; Para 35. 

[12] ibid. Section VI; Chapter 21; Para 1.  

[13] ibid. Section VI; Chapter 21; Para 22. 

[14] USA: United Nations; 

International  Standard Industrial  Classification of All  Economic Activities  Revision 4  (USA: United Nations, 2008)
[15] https://www.lawcom.gov.uk/project/smart-contracts/
[16] https://insidehmcts.blog.gov.uk/2018/08/23/how-were-investigating-digital-ledger-technologies-to-secure-digital-evidence/
[17] ibid. Section VI; Chapter 21; Para 29.
[18] https://www.gov.uk/government/news/hm-land-registry-to-explore-the-benefits-of-blockchain
[19] ibid.
[20] Great Britain: Lord Chancellor's Department: Woolf, Harold; Access to Justice: Final Report (Great Britain: Stationery Office Books, 1996-07); Section III, Chapter 12, Para. 8; Section IV, Chapter 16, Para 3; Chapter 18, Chancery, Para. 5.
[21] www.sra.org.uk
[22] www.barstandardsboard.org.uk
[23] www.lawsociety.org.uk
[24] www.int-bar.org

[25] www.bankofengland.co.uk
[26] www.fca.org.uk
[27] www.gov.uk
[28] www.mqcc.org

NOTICE - DISCLAIMER: 

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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

END MESSAGE

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