Introduction to MQCC.org and Clarification of a Journalistic Descriptive Claim regarding 'the "World's First" RE: An Application of the Principles of "BlockChain" in Commerce". April 9, 2005 Free Trading Securities of a Financial & Electronic Nature, Begins

Introduction to MQCC.org and Clarification of a Journalistic Descriptive Claim regarding the "World's First" RE:  An Application of the "Principles of 'BlockChain'" in Commerce". April 9, 2005 Non-Bank, Non-Institutional, Non-Syndicated, Non-Regulated or Regulatory Exempt, Free Trading, Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Securities of a Financial & Electronic Nature, Begins

MEMO

Hello Team, 

As your read the below email, please take a moment to remember what you were doing between 2001 and April 9, 2005. This time phase matters.

CLAIM

Some of you are journalists, some are academics (scholars), others are employees of corporations in public relations, or simply employees of companies. My name is Anoop Bungay and when you choose to visit www.mqcc.org and scour the website (not by electronic means, but as a human), you will discover that the first application of the "principles of 'BlockChain'" in commerce was for a multi-discipline computer application developed to assure a continuous state of statutory, regulatory and process (SRP™) conformity [yes, a convergence of the boring functions of "governance", "law" and "operations"] of digital and non-digital, real estate-secured and non-real estate-secured, non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments; starting at least as early as April 9, 2005, at the website: www.privatelender.org. Generically, you would refer to these "peer-to-peer" financial instruments as: "peer-to-peer mortgages", "P2P loan notes", "crypto-hypothecation", "private deed notes", "digital escrow instruments", "e-mortgages", "i-loans' [or any combination of related terminology]. 

PrivateLender.org (presently operated by MQCC.org) was (and remains today) a "peer-to-peer electronic finance system", for trading in "digital and non-digital mortgages", with "no trusted third party". That is to say, an entity (person or organization) may go to the MQCC™ privatelender.org website [or download a program to connect to the MQCC network (electronic finance system); or use the MQCC BlockChain Server™ Zero One™ brand of server appliance] and apply to borrow money from [or apply to invest in; lend money to] an other entity (person or organization), without - depending on the jurisdiction - a third party involved; namely, a regulator, bank, lawyer, licensed or unlicensed mortgage/loan broker, appraiser or title insurance/escrow company (and related parties). The MQCC™ "peer-to-peer electronic finance system" with in-built validation controls, tokenization protocols and cryptographic algorithms, removed the need for a "third party" and the system itself, becomes a "trusted first party" to the transaction to both peers, until the point an exchange is made (offer and acceptance) by the two peers. A true, "trusted, frictionless" trading environment.  

The journalists and academics among you will appreciate that the technically correct phrase for a "peer to peer electronic finance system" - based upon the principles of "ontology" - is: a binary digit (electronic) finance system to effect trade of non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments by and between non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading entities; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow entities. There are some exceptions, for example: quality-minded Private Banking, Wealth Management customers of some major international banks and trust companies [which are classified as "institutions"] integrate with the MQCC™ "peer to peer electronic finance system".

PROOF

When looking at the April 9, 2005 to determine a "prior use" claim, (which you can personally confirm by a visit to the Internet Corporation for Assigned Names and Numbers "whois" website), you will immediately notice that the MQCC™ "peer-to-peer electronic finance system" being described to you (www.privatelender.org), was commercialized approximately four (4) years before our friend, Satoshi Nakamoto introduced the idea of a peer to peer electronic digital currency, generically named "bitcoin", to Perry Metzger and his members of the "cryptography" mailing list on Friday, October 31 at 14:10:00 EDT in 2008, in the form of a document entitled: Bitcoin: A Peer-to-Peer Electronic Cash System. 

SUPPORTING INFORMATION

Over the course of the past 19 years (2001 to January 2019) much has been accomplished, but more work is on the way. For example:

(a) Some of the the financial products, related services, standards, systems and technology that are created or offered by MQCC™ are internationally marketed by the trademark registered brand of "BITMORTGAGE®. The BITMORTGAGE® trademark is registered in USA and Canada; and globally protected pursuant to the Madrid Protocol international treaty.

(b) The overarching system of control - which itself is built from the ground up on the basis of the "BlockChain principles" - and oversees all aspects of the MQCC™ operations, including (but not limited to)

• financial instruments
• systems
• technology
• products 
• services 

first earned registration to the globally respected and trusted, rigorously technical, national and international Quality Management System standard ISO 9001:2000 (of the ISO 9000 family of standards, published by the International Organization for Standardization based in Switzerland) on May 9, 2008. Importantly, this date of registration predates the appearance of both Satoshi Nakamoto and bitcoin by five (5) months. 

(c) As of yesterday, January 21, 2019, the non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading; also known as the Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow "system" developed by your's sincerely, celebrates over 19 years of research, discovery, development, commercialization, national and international standardization, litigation testing, regulatory audit and regulatory recognition. To establish a local connection with you, you will appreciate that system developed by your's sincerely meets the national and international Standards of 119 counties, including those in which each of you live.

(d) As explained to most major dictionaries and the United States National Academies of Sciences, Engineering, and Medicine; Committee on Science, Technology, and Law: the scientific process which achieves the goal that the moniker "BlockChain" is normally attributed to; namely, prevention of double spending --- [by the way prevention of "double lending" was "the original 'peer-to-peer electronic finance system' problem", going back to pre-2005] --- is best described by it's principles, coined by yours sincerely 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:

(The technical title is the "Bungay Unification of Quantum Processes Algorithm"; each quantum process is a "block" and the unification of each block, creates a "chain").

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

Definition

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

IMPLICATION TO YOU

You are receiving this email because of a "google" search yesterday morning for "world's first BlockChain mortgage" and results associated with your name appeared (at least most of you; some of you are receiving this email because of your interest in the subject matter). To be clear: some of you are interested in "mortgages" and "BlockChain finance" and others are heralding a "world's first" in relation to "mortgages, or financing, or underwriting, or valuation, or related matter"; and still others are simply providing commentary on matters related to "BlockChain" based "things".

1. As journalists or academics (or as an interested individual) when making a descriptive claim of the "world's first" for any article related to "BlockChain" and, or "mortgages" [or the topics noted below] please consider MQCC (and the originating company: Bungay International Inc.) and your's sincerely pursuant to the contents of this email including the "Claims", "Proof", "Supporting Information", and "Implications".
2.  As a point of reference, you can use April 9, 2005 as the "prior use" date because that is the date that "www.privatelender.org was activated online.
3. If you have any questions about the claims in this email to you, feel free to do an internet search and independent research; then ask me whatever your public search cannot provide an answer to. I will answer as best as possible.
4. If you are individually or collectively wondering "who is this guy and why have I not heard of him before?", Well, as a friend reminded me: "'crypto' means private or secret. Your system from day one was a crypto (private) system. So......what part of secret are you struggling with?"
5. And yes, while MQCC™ and your's sincerely is a "secret in plain sight" and while the MQCC™ BlockChain System may be equally applied to both the "public sector" and "private sector" organizations, the "highest and best use" for the application of "BlockChain" is to effect "conformity" and assure integrated levels of "transparency, accountability, efficiency, immutability, trust, quality and end-user satisfaction" for complex or critical governing or regulatory systems, at a global scale. So most of my time is spent - apart from running MQCC's financial business operations - finding and introducing myself to government, legislators, regulators (securities and non-securities) and the lawyers employed by them. Let's not forget: development work, system improvement and responding to inquiries of a commercial or investment nature.
6. Additionally, the "discovery" of the principles of "BlockChain" led to the creation of a new field of study: conformity science. Visit www.conformity.org to learn more. As a field of study, some underlying scientific and mathematic principles have already been observed, documented and tested (and commercialized); but as with all things related to "knowledge", there are improvements to the ontology almost every day. 
7. The practical reality is, while the "global zeitgeist" (collective spirit) is only recently coming to recognize the implications of the "principles of BlockChain", comprehension is not yet there, but will eventually follow.  As with all "great" discovery's the principles are pretty simple to understand. For example, one problem with being human is that people tend to make sense of broad or complex ideas on the basis of a single word; ie: "BlockChain". When your's sincerely was introducing the "benefits" MQCC™ System to Government ministers and senior management of banking, central banking, financial and legal institutions, there were was a delta between comprehension and understanding. The moment your's sincerely introduced the term "BlockChain" to the conversation, then an "understanding of benefits" came into focus.  
8. Why did academics and journalists overlook your's sincerely, PrivateLender.org, Bungay International Inc. and MQCC.org? Scholarly unfamiliarity and subsequent misunderstanding of the underlying scientific (conformity science) and mathematic principles, including the ontology; and unfamiliarity with the principle of synonymity in relation to the interchangeable terms: Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow.  
9. Why not patent? As an intellectual property lawyer advised, a patent application would show the world what was done and how it was done.  As a private, for-profit entity, there was no reason to "disclose" any intellectual property any time soon. Patent's will come "down the road" once MQCC™ finds a trustworthy, long-term financial or capital partner; or customer that can implement the MQCC™ systems and technology in accordance to "highest and best use" principle.
10. This leads you to the "Bungay BlockChain Intellectual Property Disclosure Dilemma"; how did I (Anoop Bungay) "prove" a system whose "engine/kernel/core/architecture/algorithms" is not publicly disclosed, so that a person (or organization) with "ordinary skill in the art" would not be able to "copy" it for their personal or organization's financial gain? Enter the International Organization for Standardization. Registering the MQCC™ System to an internationally consensus-based Quality Management System, namely ISO 9001:2000, and it's subsequent standards (ISO 9001:2008 and ISO 9001 2015) your's sincerely achieved indisputable 'proof positive' of a "proven system" and a "trusted system". As a Canadian federal Crown corporation states: "better, safer & more efficient".
11. While the "world" is fixated on "the distributed ledger"; the "distributed ledger" is only one aspect of the overall conformity science, "principles of 'BlockChain'", related ontology, business methods, techniques and technology and intellectual property. 

OUTCOME

The goal today is to simply introduce the above facts, claims, comments, which  the journalists among you can verify; either informally, or formally, in accordance with internationally recognized journalistic principles, standards and practice, referred to below (International Federation of Journalists - IFJ, American Press Association, World Journalism Education Council - WJEC) - so that when the term "World's First" is applied to some or all of the following topics:

• real estate secured binary digital financial instruments (mortgages)
• non-real estate secured binary digital financial instruments (loans) 
• the "principles of BlockChain"
• matters related to digital and non-digital, non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments. 
• matters related to non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt and free trading entities; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow entities.
• "BlockChain quality management system"
• "BlockChain conformity management system"
• integrated, digitized, validated, irrevocable, contractual utility tokens
• "immediate benefit" BlockChain systems and technology
• hybrid regulated and self-regulated BlockChain systems
• this is not a complete list. [A visit to the MQCC.org website is a good start, and will give you an idea of the environment/ecosystem that the "principles of BlockChain" built, over the past 19 years. The website for Private Equity Mortgage Institute PEMI® (www.peminstitute.org) is also a good example of how a mature BlockChain principle's-based industry group, functions.]

you are considering the commercially available systems and technology of your's sincerely, MQCC.org and it's various products and services, whose provenance dates back to at least as early as before April 9, 2005. Going forward, if you are looking to provide future distinction on "who" did "what" first; please see below for a partial list of MQCC's "World's First's" - found at www.mqcc.org. (this list is always being improved).

CONCLUDING POINTS

Anyhow, it's been 2 days to get all of your emails and write this letter, edit and re-edit. To be frank, I am at the "point of diminishing returns"; this email, although not perfect, will have to do. As explained earlier, feel free to email any questions you might have and I will respond, if possible; but please note, while you may have questions, "the body of work" written by me on the websites and found on the internet, speaks for itself. 

Final points: Why yesterday/today? Over the past 19 years, there was a fine balance between "too much disclosure" and not enough. I have taken a conservative approach but today feels right. Why you? Would you have preferred that I reach out to someone else or a different organization? If so, please accept my apology and send me that person's or organization's contact information - if you are able.

Best wishes and thank you for your time and consideration.

Your's sincerely,

/s/

A. K. (Anoop) Bungay

Calgary, Alberta, Canada

Here is a partial list of MQCC's "World's First's" - found at www.mqcc.org: (this list is always being improved).

The MQCC™:  An organization of "Firsts", starting first with the Finance Sector

+First developer of BlockChain systems, technology, services and products in Finance (2001 onward).

+Inventor of the First Application of BlockChain-in-Finance; serving the global community since at least before April 9, 2005.

+Inventor of the world's first BlockChain quality management system (BQMS™) and certified BlockChain quality management system (CBQMS™) - trademark branded as the MQCC uQMS™ Unified Quality Management System - registered to ISO 9001:2000, ISO 9001:2008, ISO 9001:2015.

+Developer of the MQCC BlockChain Conformity Management System (BCMS™) Standards. 

+Inventor of the world's first Secure Risk-Based meta-Operating System.

+Inventor of the world's first BlockChain platform network (MQCC BlockChain aka MQCC Network) registered to the international standard of Quality Management Systems since May 9, 2008.

+Developer of the first commercially available, pan-industry, pan-functional, self-correcting, regulator-audited, hybrid-regulated, enterprise level, end-to-end, Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow finance global meta-operating system built on BlockChain principles first identify by MQCC's founder: Anoop Bungay (2005 onward). Read every page of "TextbookBlockChain.com" to learn more.

+Inventor of the world's first National and International Standards-class, global, Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow credit intermediation & financial system; based upon MQCC Transmundane™ version of the World's first "global meta-operating system"; for 119 countries.

+Inventor of the world's first National and International Standards-class, global,institutional credit intermediation & financial system; based upon MQCC Transmundane™ version of the World's first "global meta-operating system"; registered to the National Standard of 119 countries for Quality Management Systems. 

+Developer of the world's first conformity system ontology based upon  multi-discipline convergence of science, engineering, law and finance.

+Developer of the world's first litigation tested meta-operating system; litigation tested by member organizations of the ICLR (International Conference of Legal Regulators) in 2013, for a transaction originated in 2010. 

MQCC: Tested by Lawyers; Trusted by Lawyers™

+Inventor of the world's first Defense Standard, Military/Law Enforcement-Grade, NIST Framework Core-Standard, Integrated Policies & Procedures (IPP™) Cybersecurity Core BlockChain System (MQCC IPP™Cyberlockchain™) & Engineered Privacy BlockChain algorithm.

+Developer of the world's National and International Standards based, safest peer-to-peer (P2P)/private/crypto/secret/shadow financial system.

+Developer of the world's first "cold-crypto" network integration protocol, for traditional "hot crypto" networks.

+Developer of the world's first principles of "BlockChain"  based, enforced compliance operating system that: incorporates, meets or exceeds applicable: World Trade Organization (WTO)-Technical Barriers to Trade (TBT) Standard, Organisation for Economic Co-operation and Development  (OECD), Group of Seven (G7) [Canada, France, Germany, Italy, Japan, UK] G-7 Grade "Eight Element Principle™" & USA National Institute of Standards and Technology (NIST) Framework-Core Cybersecurity Standards

+First developer of a commercially available, fully regulated, enterprise level, end-to-end, global institutional banking and finance meta-operating system (2005 onward).

+First & only developer of a the world's oldest, safest and most trusted crypto- and noncrypto financial system continuously registered to ISO 9001:2000, ISO 9001:2008, ISO 9001:2015. Bringing quality, transparent, accountable and  efficient methods and process to ANY financial transaction between industry and consumer (2008 onward).

+Developer of the world's first pan-jurisdiction (national and international) harmonized regulatory BlockChain protocol.

+Developer of the world's first self-learning/self-correcting system built on and in AI (artificial intelligence) algorithm-based ecosystem. With component systems built on the meta-operating system MQCC (R)evolution.

+Developer of the "NOCLAR - NOPROBLEM™" MQCC™ BlockChain subsystem application; the world's first system for organizations who employ third party, fiduciary-standard, independent auditors whose role is to ensure conformity to statutory and regulatory (laws and regulations) requirements; and report instances of non-conformity to laws and regulations (NOCLAR.org) to fourth parties including: boards of directors, shareholders, regulatory bodies, law enforcement entities.

+Developer of the world's first commercially available MQCC Quantum BlockChain Framework™ for transforming "classical organizations" into safer, better and more efficient, "quantum organizations". Quantum Computing Ready: once user-friendly technology is made available, the classical MQCC process algorithms can be converted to quantum MQCC process algorithms on future MQCC Quantum™ server appliances. 

Please take the time to read this entire website for all the proof you might need.  You may need to register and pay a fee for access to intellectual property.

Proven BlockChain based Quality-in-Finance is limited and therefore at a premium.

You have not heard of a company like MQCC™ before, because it has not existed before.

   

Ulla Karppinen - ulla.karppinen@grupobbva.com - (BBVA - bbva.com) - BBVA signs world-first blockchain-based syndicated loan arrangement with Red Eléctrica Corporación - November 7, 2018

Andrew Munro - andrew.munro@finder.com - (Finder.com) - The world’s first blockchain corporate loan has been processed - April 27, 2018

Editors (The) - info@bitcoinexchangeguide.com - (Bitcoin Exchange Guide - bitcoinexchangeguide.com) - World’s First Digital Mortgage Issued on Masterchain Blockchain by Russia’s Raiffeisen Bank Subsidiary - September 24, 2018

Christian Pauw - chrisjan.pauw@ccpwriting.com - (Cointelegraph.com) - How Significant is Blockchain in the Mortgage Industry? - October 23, 2018

James Michael - oludare97@yahoo.com- Medium.com - The world’s first blockchain enabled mortgage lending network. - September 8, 2018

Laura Noonan - laura.noonan@ft.com - (referencing Ulla's company); (Financial Times - ft.com) Banks complete first syndicated loan on blockchain - November 6, 2018

Peter G. Miller - peter@ctwfeatures.com - (The Mortgage Reports - themortgagereports.com) Blockchain mortgage: the future of home loans February 13, 2018

Nikhilesh De - nik@coindesk.com - (Coindesk - coindesk.com) World Bank’s Blockchain Bond Experiment Raises $81 Million - August 24, 2018

Yashu Gola - golayashu@newsbtc.com -  (CCN - ccn.com)  China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain - August 1, 2018

Annie Kane - annie.kane@momentummedia.com.au - www.mortgagebusiness.com.au Australia’s ‘first’ blockchain lender sets sights on mortgages, October 23, 2018 

Charlie Shrem - intelligence@crypto.iq - (cryptodaily.co.uk) - Blockchain And Mortgage Lending - March 02, 2018

Editors (The) - info@Bitsonline.com - (bitsonline.com) - A New Blockchain Platform Is Launching to Decrease Mortgage Fraud - September 5, 2018

Editor (The) - editor@dsnews.com - (Daily Dose - dsnews.com) - The Opportunities and Challenges of Blockchain in Mortgage Servicing - March 5, 2018

Rahim Kaba - rahim.kaba@onespan.com - (housingwire.com) - Mortgage lenders: Here's your blockchain primer - October 27, 2017

Don Weinland - don.weinland@ft.com - (Financial Times - ft.com) - Banks adopt blockchain for mortgage valuation system - October 18. 2016

Tas Bindi - tas.bindi@momentummedia.com.au (mortgagebusiness.com.au) - CBA chosen to arrange ‘world-first’ blockchain bond - August 13, 2018

Kevin Werbach - werbach@wharton.upenn.edu - Wharton School -  blockchain entered the world on January 3, 2009, introducing an innovative new trust architecture: an environment in which users trust a system—for example, a shared ledger of information—without necessarily trusting any of its components - The Blockchain and the New Architecture of Trust - November 20, 2018 - 

Editors (The) - letters@economist.com - Economist.com - The great chain of being sure about things - October 31, 2015.

Tiffany Wan - tiffany.wan@jpmorgan.com & Max Hoblitzell - max_h@bain.com - hbr.org - This could soon create efficiencies and reduce friction by allowing individuals to directly transfer property without the use of a broker, lawyer, or notary to sign-off on the transfer. - Bitcoin’s Promise Goes Far Beyond Payments - April 24, 2014  (Max, I emailed your boss a few years ago - have him look in his office archives.)

Karim R. Lakhani - klakhani@hbs.edu - - Harvard Business Review - The Truth About Blockchain ANUARY–FEBRUARY 2017

References:

https://www.ifj.org/who/rules-and-policy/principles-on-conduct-of-journalism.html

http://americanpressassociation.com/principles-of-journalism/

https://wjec.net/about/declaration-of-principles/

https://www.thestar.com/about/statementofprinciples.html

MQCC.org

--

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

MQCC™; the Money Quality Conformity Control Organization. Global Network Administrator (GNA™) of the world's first and most trusted BlockChain-based, meta-operating system. Making the world safer, better and more efficient.  

Sincerely yours,

A. K. (Anoop) Bungay
President 

MQCC™

Money Quality Conformity Control Organization

incorporated as MortgageQuote Canada Corp.

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™"

FSCO #12279 - RECA - FICOMBC

An ISO 9001:2015 Registered Company

PRIVILEGE AND CONFIDENTIALITY NOTICE

MQCC.org is a global finance, conformity and education business providing client services worldwide directly or through its member firms and affiliates. This email may be confidential and protected by privilege on a legal basis. If you are not the intended recipient, disclosure, copying, distribution and use of the email matter including URL links and related attachments, are prohibited; please notify the sender immediately and delete this email and related attachments from your systems. Unsubscribe from Automatic MQCC Ai-CRM Emails). MQCC Legal Notices.

End Message

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In 2019 The World's First BlockChain Quality Management System Celebrates 11 Years of Certification

In 2019 The World's First BlockChain Quality Management System Celebrates 12 Years of Certification

MQCC

+Inventor of the world's first BlockChain quality management system (BQMS™) and certified BlockChain quality management system (CBQMS™); trademark branded as the MQCC uQMS™ Unified Quality Management System. 

Continuously Registered to ISO 9001:2000, ISO 9001:2008 and ISO 9001:2015 since May 9. 2008.

MQCC, the Money Quality Conformity Control Organization incorporated in 2006 as MortgageQuote Canada Corp. is pleased to announce that 2019 is the 12th year of continuous certification of the world's first "BlockChain quality management system" to an ISO 9000 Quality Management Systems Standard. 

Worldwide, commercially marketed by its trademark brand name MQCC Unified Quality Management System (uQMS™), the world's first BlockChain quality management system built on the very same pioneering principles of "BlockChain" first identified by Mr. Anoop Bungay, Founder of MQCC pursuant to development and commercialization of a "peer to peer electronic finance system" and first brought online (and remains, today) to serve the public on April 9, 2005 at www.privatelender.org.

Whether you are a consumer or a public sector, private sector or non-government entity, in global commercial trade generally, and the finance sector specifically, many "vendor organizations" [grocery stores, hot dog stands, hospitals, banks, government departments and agencies] claim to offer a quality product or service in their websites and marketing material. Since 2008, the Money Quality Conformity Control Organization MQCC™  [a division of MortgageQuote Canada Corp.,] is the only finance, technology and consulting organization of it's kind, able to prove it offers quality through application of the "principles of BlockChain".

MQCC is able to  demonstrate to General Public, Consumers, Customers, Prospective Customers, Industry, Regulators, Regulatees, Investors, Shareholders, Stakeholders, Legislators & Government  that MQCC is not just adhering to good practice, the MQCC has developed systems and technology  to "prove it". The world's first "BlockChain quality management system" was built by MQCC and became certified to ISO 9001:2000 on May 9, 2008. The system is trademarked as MQCC Unified Quality Management System (uQMS™ ) and is designed to assure good practice.  Over 12 years of commercialization, litigation testing, system audits by independent auditors and continuous certification to ISO 9001:2015, proves that MQCC systems and technology works. 

The  MQCC "BlockChain quality management system" uQMS™ is certified to the International Certified BlockChain Quality Management System (CBQMS™) standard [published by the International Organization for Conformity (IOC) and MQCC] and operates within an overarching system of control designed for complex and critical macro- and micro processes, namely, the MQCC organization conformity operating system (OCOS™). MQCC OCOS™ in turn, is built in accordance to the MQCC BlockChain Conformity Management System (BCMS™) standards. A series of standards that - among other things - define the architecture and tokenization protocols that overlay and integrate the MQCC system with an internal or external sub-system on an pan-functional and pan-industry basis.

MQCC OCOS™  underlying structure is built upon "proof-of-work" artificial intelligence (AI) technology [BlockChain Zero One™] - based upon pioneering research, discovery, development and commercialization of the "principles of BlockChain", first identified by Mr. Anoop Bungay, Founder of MQCC pursuant to the need to develop a "peer to peer electronic finance system" between 2001 and 2005. 

The Quality Management System component of MQCC OCOS™ is certified to meet both the rigorous 'National Standard of Canada' for Quality Management Systems, published by the CSA Group (Canadian Standards Association) and the 'American National Standard' (ANS) for Quality Management Systems published by ANSI (American National Standards Institute). The Standard is recognized and trusted by Canadians, American's and consumers in over 119 countries including UK & AU.

As of May 9, 2019 - the intellectual property and underlying suite of MQCC BlockChain™-based systems, sub-systems and technology celebrates over 12 years of continuous registration to  ISO 9001:2015 and its predecessor standards.  No other finance, technology and consulting sector organization in Canada or the world is able to make this claim.

In the world of ever increasing investor and consumer uncertainty, those governments and finance sector companies that are able to certifiably demonstrate that their domestic and industry operations are designed to provide safe, reliable and good products and services, will be pacesetters for the future.

To license MQCC systems and technology, please email info@mqcc.org.

-30-

Professional Liability Insurers: Private (peer-to-peer (p2p)/crypto/shadow/secret/private ) Finance Transactions: Liability and Risk Reduction through Regulatory Compliance Certification via the MQCC Enforced Compliance Conformity System - (MQCC EC2S™)

Direct Insurance & Liability Insurance Professionals and Corporations (UN INDUSTRY CODE 651; NAICS CODE: 5241 - Insurance carriers): Private (peer-to-peer (p2p)/crypto/private/secret/shadow/private) Credit Intermediation Transactions: Liability and Risk Reduction through Regulatory Compliance Certification via the MQCC Continuous Enforced Compliance Conformity System - (MQCC CEC2S™)

How MQCC and the first application of "BlockChain principles" in commerce reduced the risk for credit intermediation professional liability insurers.

A blast from the MQCC Archives of April 2016; with an update to reflect 2017 nonconformity events in Canada re: Fortress Real Developments

(with some updated comments/changes/private information redaction).

An Open Letter to:

• Professional Liability Insurers 
• Finance Sector Regulators
• Finance Sector Company E&O (errors and omission; negligence) Insurance Providers &
• Canadian Technology Organizations
• UK (Royal Chartered) Auditors 
• Prospective International Clients

My name is Anoop Bungay and my firm - MQCC - is Canada's undisputed leader in certified risk management, process compliance and quality management in Canada's Finance Sector, for the scope of: Mortgage Banking and Mortgage Brokering. Specifically, since May 2008, MQCC is Canada's first and only company in the finance sector that "operates a Quality Management System which complies with the requirements of ISO 9001:2008 [replaced by ISO 9001:2015, risk based system] for the following scope: "Provision of mortgage banking and mortgage brokerage services."  

WHAT DOES MQCC WANT TO DO FOR YOU AND YOUR STAKEHOLDERS?

In the interests of public service, risk reduction and liability cost reduction, MQCC seeks to have credit intermediation (mortgage and non-mortgage) regulators and professional liability (errors and omissions, negligence) insurance companies require that all government licensed or regulated credit intermediaries who seek to trade in either mortgage and non-mortgage transactions; and, specifically: PRIVATE peer-to-peer (p2p/ crypto/ shadow/ secret/ private) LENDING mortgage transactions, to invest in MQCC Enforced Compliance Conformity Systems & Technology. 12 years of continuous registration to the Canadian National and International equivalent ISO 9001 Quality Management System standard, [ISO 9001:2015] and successful litigation-tested performance, proves that the proprietary, Integrated Mortgage Processing and Quality Management System with inbuilt safeguards for managing and processing credit intermediation their transactions, makes credit intermediation "safer, better and more efficient" for the benefit of:

• regulators
• regulatees
• industry
• consumers 
• general public 

 Real Life Business Problem that MQCC Solves

Experienced Errors and Omissions Insurance & legal professionals (actuaries, underwriters, lawyers) state that that the biggest complaint of a finance sector firm and their marketing agents, when subject to either a valid or frivolous claim of professional negligence (Errors, Omissions, Negligence), is  

that the broker or agent 'did nothing wrong'; but the insurer or the legal professional cannot effectively prove a defense - in an objective manner that is proven to withstand litigation scrutiny. Well now you can.  (See blog.mortgagequote.ca for more examples).

MQCC's ISO 9001:2015 registered, regulatory compliant, litigation-tested, proprietary, Integrated Mortgage Processing and Quality Management System credit intermediation operations engine is both a risk management system (governance,legal) and processing (operations) system designed to ensure government licensed and regulated credit intermediaries operate in a manner that minimizes E&O and negligence claims. Should a claim arise, the MQCC system is the basis of proving whether or not a mistake was made. There are over hundreds of steps to a mortgage transaction and at MQCC, each and every step is documented and managed for quality by real-time validation.

The MQCC system (MQCC continuous enforced compliance conformity system - MQCC CEC2S™) is designed to minimize errors, omissions, "willful blindness" events and related processing errors by licensed agents and unlicensed employees. The MQCC "engine" is built on an seminal "BlockChain principles" developed by MQCC and serves as both a management system and quality management system for a financial sector firm.

While the MQCC system works for all types of mortgage transactions, we have found it is very effective for controlling the quality of peer-to-peer (p2p/ crypto/ shadow/ secret/ private) mortgage transactions which tend to be more profitable than non-peer-to-peer (p2p/ crypto/ shadow/ secret/ private) mortgage transactions. And an area of the finance sector that would best benefit from a system such as this.

MQCC is only interested in sharing the technology in collaboration with regulators or professional liability (E&O; negligence) insurance providers (brokers and underwriters).

Feel free to visit our website (www.mqcc.org) and explore what MQCC has developed to make commercial trade safer, better and more efficient.

2017 Development: Fortress Real Developments

According to Reuters news agency in a 2017 article (Source):

"Compliance officers at the Financial Services Commission of Ontario (FSCO) had evidence that syndicated mortgages were being marketed and sold in ways that broke the law, putting the savings of thousands of Canadian mom-and-pop investors in danger. "

"Brokers affiliated with Fortress, the compliance officers had found, were telling clients they could put their investments in retirement savings accounts administered by a trust company not licensed to do business in Ontario.....the team determined, was a breach of provincial law - by brokers for recommending [the trust company]"

 Key issues:

• Unlicensed activity of a trust company
• Undisclosed "conflict of interest" by Government Licensed Mortgage Brokers
• Failure to identify unlicensed mortgage trading activity
• Failure of Government Licensed Mortgage Brokers to market regulated products in conformity with regulatory and statutory requirements
• Government Licensed Mortgage Brokers acting “in conduct contrary to the public interest” 
• Government Licensed Mortgage Brokers promoting unlicensed businesses

MQCC is pleased to advise that some of it's top management and Government Licensed Mortgage Brokers have met with Executive Director for Licensing and Market Conduct Anatol Monid to explain that MQCC's system help's Ontario "mom and pop" investors enjoy a Federal Government recognized, National Standard-level of trust; through seminal proprietary "BlockChain-based" systems, technology, services and products, which conform to Canada's Cabinet Directive on Regulatory Management for Quality Management Systems, for the scope of credit origination and credit intermediation (mortgage and non-mortgage banking and brokerage), resulting in - as described by the Federal Government's own Standards Council of Canada (SCC) "better, safer and more efficient" mortgage services for both borrowers and investor-lenders. Mr. Monid appreciates MQCC's efforts to help "ensure customer (sic) are treated fairly".

If you are a CEO, Shareholder, Government Licensed Mortgage Broker, or otherwise owe a fiduciary or non-fiduciary duty of care in your Government Licensed Mortgage Broker business, invest in MQCC's systems, technology, services and products.

MQCC: Safer, Better and More Efficient Organizations & Processes.

Incorporated in 2006 and developer of the world's first "Principles of BlockChain"-based, commercialized, regulatory recognized, litigation tested, systems and technology.

Continually registered to an ISO 9000 Quality Management System standard since May 9, 2008 to the National and International standard of 119 countries, MQCC is also the word's most trusted "BlockChain" company.

Empirically Tested, Empirically Trusted™.

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.

  

Bungay International Inc. (BII): Developer of the World's First Application of "Trademark BlockChain™ Quality Management System Principles" in Commerce; the British Standards Institute (BSI) - Registrar to MQCC: Registrant of the World's First "Trademark BlockChain™ Quality Management System Principles"-Based Organization Conformity Operating System (ISO 9001) in the Finance Sector; 6 months prior to nonconforming (generic; counterfeit, fake, pirated) "bitcoin"

Bungay International Inc. (BII): Developer of the World's First Application of "Trademark BlockChain™ Quality Management System Principles" in Commerce (five (5) years prior to nonconforming (generic; counterfeit, fake, pirated) "bitcoin".

British Standards Institute (BSI) - Registrar to MQCC: Registrant of the World's First "BlockChain Principles" Based Organization Conformity Operating System (ISO 9001) in the Finance Sector (six (6) months prior to bitcoin)

Mark Carney
Governor of the Bank of England
Chair of the Monetary Policy Committee, Financial Policy Committee and the Prudential Regulation Committee
First Vice-Chair of the European Systemic Risk Board, a member of the Group of Thirty and the Foundation Board of the World Economic Forum

Dear Mark Carney,

My name is Anoop Bungay, President of Bungay International Inc., and Money Conformity Control Organization (MQCC), incorporated as MortgageQuote Canada Corp.

This letter is an invitation for you and the UK government to enter into a consulting and licencing arrangement retain the services of your's truly to learn how the world's first application of "BlockChain" in commerce became the world's most trusted, global standard for quality managed BlockChain systems and technology.

With over 19 years of experience in the research, discovery, development, commercialization and continual improvement of classic computing and quantum computing ready, BlockChain and distributed ledger technology; and with over 11 years of continuous, successful registration to UK National Standards and equivalent International Standards in 119 for high-level "organization conformity operating systems" and low-level digital and non-digital business processes, you will be able accelerate your understanding of the application and use of "everything BlockChain & distributed ledger".


Specifically, yours truly is the developer of what is described as:

MQCC™ is developer of 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 pioneering 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 the respected British Standards Institution [the National Standards Body of the United Kingdom (UK)] 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. 

Your independent research will show that the first application of what the world is recognizing as a revolutionary phenomena, namely, the principle of "BlockChain" and its application in decentralized ledgers, was not in 2008-2009  by my esteemed friend "Santoshi Nakamoto", for a peer-to-peer electronic cash system for the trade in digital tokens (currency); the first application was developed by your's truly, for a peer-to-peer electronic finance system for the governance, operations and trade in traditional and peer-to-peer (p2p/ crypto/ shadow/ secret/ private) non-institutional, non-syndicated, non-regulated or regulatory exempt digital financial transactions, namely, real estate-secured and non-real estate secured financial instruments (binary digit mortgages and loans).

UK invests millions of pounds and untold resources in development of "everything BlockChain & distributed ledger" and by now, you have a good understanding that the application is far greater than finance. Rather than investing millions of pounds in "proofs of concept" and "white papers", MQCC invites the UK to allocate some resources to a fully functional, proven system:

• regulatory recognized pursuant to National and equivalent international legislation;
• finance regulator audited
• successfully litigation tested by some members of the International Council of Legal Regulators (ICLR).
• registered to the national and international equivalent Quality Management System standard of 119 countries.

MQCC, with over 19 years of experience in the seminal research, discovery, development, commercialization and continual improvement of classic computing and quantum computing ready, BlockChain and distributed ledger technology; and with over 11 years of continuous, successful registration to UK National Standards and equivalent International Standards in 119 for high-level "organization conformity operating systems" and low-level digital and non-digital business processes, you will be able accelerate your understanding of the application and use of "everything BlockChain & distributed ledger".

The real value is the potential to use the MQCC overarching systems and technology platform as the basis for development of your UK innovation and interoperability with other countries.

Attached is a little bit of information of the some of the history of development and some comments respecting some of your publications. Ironically, as a private company and as developer of an inherently crypto (shadow/secret/private) system, it is no surprise that you may not have heard of me until today.

MQCC: Safer, Better and More Efficient Organizations & Processes.

Incorporated in 2006 and developer of the world's first "Principles of BlockChain"-based, commercialized, regulatory recognized, litigation tested, systems and technology.

Continually registered to an ISO 9000 Quality Management System standard since May 9, 2008 to the National and International standard of 119 countries, MQCC is also the world's most trusted "BlockChain" company.

Empirically Tested, Empirically Trusted™.

Your Sincerely,

/s/

Anoop Bungay
Calgary, Canada

Introduction

One nice quality and character of the principle of the phenomena called "BlockChain", is the ability to validate claims, quickly.

Let's keep things simple:

• No, the first application of "BlockChain" principles in commerce was NOT for a 'classical, low level' "payments system" designed to effect peer-to-peer (p2p/crypto/shadow/secret/private) trade in digital tokens "currency". 
• theoretically introduced to the global public on October 31, 2008, pursuant to a document written by Satoshi Nakamoto [an unknown person of parts unknown] entitled: "A Peer-to-Peer Electronic Cash System"; and,
• practically introduced on January 25, 2009 pursuant to a non-commercialized, experimental (alpha) software program made available via download.
• As explained in the document below, the "original problem" that "BlockChain" principles solved was not the 2008 payment system operations problem of "double spending" within a peer-to-peer (p2p/crypto/shadow/secret/private) electronic system; the original determined in the years 2001 and 2005 was two fold:
• prevention of "double lending" within a peer-to-peer (p2p/crypto/shadow/secret/private) electronic system; and,
• the need to assure a steady state of enforced compliance to statutory, regulatory and process requirements.

• Yes, the first application of "BlockChain" principles in commerce was for a 'quantum, high-level AND low-level' "governance and operations conformity system" designed to effect traditional and peer-to-peer (p2p/crypto/shadow/secret/private) non-institutional, non-syndicated, non-regulated or regulatory exempt digital financial transactions, namely, real estate-secured and non-real estate secured financial instruments. 
• practically introduced to the global public on April 9, 2005 (and remains so), pursuant to a fully functional, commercialized, semi-government-regulated, online/digital/electronic platform available online at www.privatelender.org.
• proprietary (black box) research, discovery resulting in commercial availability commenced in 2001 by Anoop Bungay, a British citizen residing in Calgary, Alberta, Canada. The underlying body of proprietary work spanning nearly 20 years of theoretical and applied research, testing, development, commercialization, continual improvement and registration to rigorous international Quality Management System standards: ISO 9001:2000, ISO 9001:2008 and ISO 9001:2015; between 2001 and 2019 is documented in a limited disclosure documents available at www.mqcc.org. A proprietary dissertation entitled: "A Peer-to-Peer (p2p/crypto/shadow/secret/private) Electronic Finance System" is a also available, in limited form.
• "Necessity is the Mother of Invention". The principles of "BlockChain" were first discovered when developing an electronic system of financial commerce that would result in the ability for traditional and non-institutional, non-syndicated, non-regulated or regulatory exempt digital financial transactions, namely, real estate-secured and non-real estate secured financial instruments; to be commercially traded on a "peer to peer" (p2p/crypto/shadow/secret/private) basis, within an overarching system of control that  assured enforced compliance [aka conformity] to all applicable statutory, regulatory and process (SRP™)[1]- including customer - requirements.
• the system of control is composed of an overarching algorithm [1.1] developed by Mr. Bungay that is programmed into a classical computing environment/ecosystem; with inbuilt functionality to upconvert to a quantum computing environment/ecosystem once suitable technology is available.
• as explained to most major dictionaries by Mr. Bungay, "BlockChain" as a term, is best described by it's underlying principles - a trademark definition - developed on the basis of "scientific research", "observation" and "ontological", "linguistic" and "lexicographic" principles as follows:

• MQCC BlockChain Principles; Definition

  1. A controlled process of recorded, cumulative, sequential, verifiable, cross-platform, cascading workflows.
• "Conformity, beyond compliance through unification of quantum processes". Discovery of the "MQCC BlockChain Principles" led to the understanding and creation of an integrated, "organization conformity operating system" (OCOS™).  The MQCC system is a universal (overarching) system of control created by implementation of an algorithm whose role is to concatenate (unify) quantum (partial) processes in order to achieve a state that assures conformity to statutory, regulatory and process requirements - at all times. This involved the application of proprietary novel business processes and methods converged from a multitude of disciplines including:

• governance
• law
• science (conformity/engineering/statistics/language arts)
• math
• finance
• public regulation (legal code)
• private regulation (technical code)
• information technology
• commercial trade
• national standards
• international standards

• While the current MQCC system algorithm operates in a classical computing environment/ecosystem, as technology improves, the MQCC system algorithm may be deployed in a quantum computing environment/ecosystem, once suitable technology is ready. Indeed, there are several similarities between some of the characteristics and principles of quantum information science and quantum computing, with the MQCC system principles and characteristics. 

• On April 9, 2005, PrivateLender.org was activated, online; designed to effect traditional and peer-to-peer (p2p/crypto/shadow/secret/private) non-institutional, non-syndicated, non-regulated or regulatory exempt digital financial transactions, namely, real estate-secured and non-real estate secured financial instruments. 
• On May 9, 2008, the world's first "BlockChain principles"-based organization conformity operating system (OCOS™) [1.2], developed by MQCC™[1.3], was registered to the international Quality Management System standard ISO 9001:2000™ [1.4], for the scope of real estate finance credit intermediation by the British Standards Institute (BSI).
• In October 2008, Satoshi Nakomoto introduced the "bitcoin" to the world.
• In the 11 years between May 9, 2008 to January 2019, the MQCC "BlockChain principles"-based organization conformity operating system has remained continually registered to national and international equivalent Quality Management System standards: ISO 9001:2000, ISO 9001:2008 and ISO 9001:2015.
• The discovery of the "principles of BlockChain" in turn, led to the discovery of a new field of study, namely, conformity science. As with all fields of study, conformity science is composed of a domain-specific body of work, consisting of theories, proofs, principles, formulas, terminology, ontology, standards, protocols and guidelines.
• As of January 2019, the MQCC BlockChain principles based system is best described as:

The world's first internationally recognized, 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.  

• regulatory recognized pursuant to National and equivalent international legislation;
• finance regulator audited
• successfully litigation tested by some members of the International Council of Legal Regulators (ICLR).
• registered to the national and international equivalent Quality Management System standard of 119 countries.

It is because of the foregoing that the "MQCC BlockChain" systems and technology is recognized by legislators and regulators as both, the 'world's first' and the 'world's most trusted'.

Enter the "BlockChain"

A Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow Electronic Finance System

2001 to 2019 - As technology improves, some problems remain the same

Global interest in "BlockChain" has reached "FOMO (fear of missing out) levels", with intense interest and trillions of dollars invested in the purchase of "cryptocurrencies", "proofs of concepts" and "startup" ventures. A curiosity about the "principles of BlockChain" is that every component step, once captured (documented), becomes part of an immutable (verifiable) history; both at a micro level and macro level (cascading workflows). It is worth noting some points of history in respect of the scientific and commercialization process that your's truly went through:

• applying scientific methods, initial research and development (between 2001 and 2005) for a business method to trade in both regulated and non-regulated "peer to peer" (p2p/crypto/shadow/secret/private) real estate secured and non-real estate secured financial instruments, within a secure electronic environment that conforms to national and international statutory, regulatory and process (SRP™) requirements.

• subsequent implementation of a hybrid-regulated "peer to peer (p2p/crypto/shadow/secret/private) secure electronic finance system" activated online under the registered internet domain name (and registered Canadian trademark) www.privatelender.org, on April 9, 2005. Generically named as "cryptofinance" and trademark registered in 119 countries (including Canada  and the United States of America (USA)) pursuant to international treaties including the Madrid Protocol; as BITMORTGAGE®.

• discovery of a new field of study named "conformity science"; visit www.conformity.org to learn more about this field of study.

• documentation of  the scientific and business principles that underpin the body of work pursuant to generally accepted scientific principles:
• observe/hypothesize/plan
• test/experiment/do
• evaluate/assess/check
• conclude/commercialize/act 

• creation of the necessary reference material including:
• ontology
• reference architecture
• definitions/terminology/taxonomy ( based on Linguistic and Lexicographic principles)
• standards, guidelines, procedures

• registration of the electronic operating system that creates the sub-system/ecosystem within which regulated and non-regulated "peer to peer" (p2p/crypto/shadow/secret/private) real estate secured and non-real estate secured financial instruments are developed, tokenized and traded in a manner that conforms to national and international statutory, regulatory and process (SRP™) requirements; to the rigorous British Standards Institute's (BSI), UK National Standard for Quality Management System, namely: ISO 9001:2000 on May 9, 2008. Five (5) months and three (3) weeks before Satoshi Nakamoto introduced the generic named, 'bitcoin' to Mr. Perry Metzer's cryptography mailing list [on Fri Oct 31 14:10:00 EDT 2008]; and eight (8) months before the first version of Bitcoin.exe was made available for distribution [on Thu Jan 8 14:27:40 EST 2009].

• 19 years of history from initial development to commercial application, regulatory audit, regulatory scrutiny and litigation testing of the MQCC ecosystem.

Global interest in the subject matter has increased exponentially in the recent 36 months.

UK Government and UK's Fascination with "BlockChain"

On 19 January 2016, the UK Government Office for Science (Go Science) which "ensures that government policies and decisions are informed by the best scientific evidence and strategic long-term thinking" [1.2.1] published a report - a Blackett Review [1.2.1.1] - authored by the UK Government Chief Scientific Adviser, namely, Mr. Mark Walport, in respect of an IT innovation recently discovered by residents of the UK. The report is entitled: Distributed Ledger Technology: beyond block chain (sic) [1.2.2].

The report Forward penned by The Rt. Hon. Matthew Hancock MP, Minister for the Cabinet  Office and Paymaster General; and The Rt. Hon. Ed Vaizey MP, Minister of State for Culture and The Digital Economy, recognized that "distributed ledgers" and the underlying "BlockChain technology" may be "one of those potential explosions of creative potential that catalyse exceptional levels of innovation. The technology could prove to have the capacity to deliver a new kind of trust to a wide range of services" [1.2.3].

Indeed, Mr. Walport, in his Executive Summary and Recommendations, concluded his introduction with the following conclusion:

"distributed ledger technology [and its underlying "block chain" (sic) technology 'which was invented to create the peer-to-peer digital cash Bitcoin in 2008.'[1.2.4]] provides the framework for government to reduce fraud, corruption, error and the cost of paper-intensive processes. It has the potential to redefine the relationship between government and the citizen in terms of data sharing, transparency and trust. It has similar possibilities for the private sector." [1.2.5]

In relation to IT innovation and its manifestation as "distributed ledgers" and the underlying "BlockChain technology", Ministers Hancock and Vaizey and Mr. Walport identified the importance of the following characteristics:

• IT will catalyse innovation
• importance of development of innovations in products, services, revenue streams and operating systems [1.2.6]
• importance of compliance, cost efficiency and accountability [1.2.7]
• importance of streamlining existing systems [1.2.8]
• importance of improvement of systems
• importance of immediate benefits
• importance of an interoperable system
• importance of standards and protocols 
• importance of productivity and growth
• importance of cost savings
• importance of reducing fraud 
• importance of effective implementation of international standards

Interestingly, the characteristics of IT innovation described in the report, were foreshadowed by Lord Woolf fully 20 years earlier, in final report entitled Access to Justice: Final Report to the Lord Chancellor on the Civil Justice System in England and Wales. Lord Woolf's list included several overlooked and critically important characteristics of IT innovation:

• importance of quality [1.2.9]
• importance of comprehensive training [1.2.10]

The reader is encouraged to read the MQCC blog arcticle entitled: 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 found at blog.mortgagequote.ca.

Corrective Understanding

In the UK report entitled: Distributed Ledger Technology: beyond block chain, it was correctly understood that 'block chain' (sic) is the technology that underlies the 'distributed ledger' technology upon which the 'peer-to-peer digital cash' [the correct description, as defined by S. Nakamoto, is 'peer-to-peer electronic cash'] generically named as "bitcoin", was introduced in 2008 [on Fri Oct 31 14:10:00 EDT 2008].

The report further correctly recognizes that "bitcoin" was designed to be a "payment system".

What the report does not effectively capture is that original application, described to:

Distributed ledger technology could solve business problems that can be
summed up as cost, duplication and reconciliation.  - page 36

has resulted  in various UK Government offices, ministries, departments and agencies, individually exploring  "what is BlockChain" and "how can BlockChain help improve the UK Government", members of the UK Government and industry leaders must understand that the current "implementation scheme" echoes a disparate pattern of financial investment in uncoordinated and often duplicate activities, resulting in the loss of millions of pounds (EUR/US Dollars); much like what Lord Woolf observed in the value chain of the UK justice system in the 1990's.

Yours sincerely, founder of MQCC suggests that UK Government (and any other government) who seeks to invest millions of pounds in research and development it is a good time to remember the lesson's from Lord Woolf.  Specifically, in order and save money, time and resources as they plan their respective country-wide, government "BlockChain" strategies, consider working with MQCC.

The systematic problems and recommendations respecting the 'application and use' of IT within the UK justice system that Lord Woolf identified, foreshadows and mirrors the current UK Government's actual or ostensible experience with "early adoption" of the "recently discovered" information technology phenomena called "BlockChain".

With MQCC, the UK Government may have access to the seminal ontology, primary scientific research and commercial experience, resulting in acceleration of your experience in BlockChain; within an established, stable, proven system.

[1] SRP™ is a trademark of Bungay International Inc.
[1.1] Modestly named the Bungay Phase Gate Algorithm (BPGA™). BPGA is a trademark of Bungay International Inc.
[1.2] OCOS™ is a trademark of Bungay International Inc.
[1.3] MQCC™ is a trademark of MortgageQuote Canada Corp. MQCC is an acronym for the Money Quality Conformity Control Organization.
[1.4] ISO 9001:2000, ISO 9001:2008, ISO 9001:2015 are registered trademarks of the International Organization for Standardization (ISO).
[1.2.1] https://www.gov.uk/government/organisations/government-office-for-science
[1.2.1.1] Blackett reviews are expert-led, independent studies to answer specific scientific or technological questions, and to inform policy-makers. https://www.gov.uk/government/organisations/government-office-for-science/about/research
[1.2.2] https://www.gov.uk/government/publications/
[1.2.3] Walport, Mark (2016), Distributed Ledger Technology: beyond block chain; Page 4,  www.gov.uk/go-science.
[1.2.4] ibid. Page 5.
[1.2.5] ibid. Page 8.
[1.2.6] ibid. Page 53.
[1.2.7] ibid. Page 25.
[1.2.8] ibid. Pages 20,21,53,70.
[1.2.9]  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). Section VI; Chapter 21, Para. 6
[1.2.10] ibid. Section VI; Chapter 21, Para. 5

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

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