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[CUBE] Notice on the Whitepaper Updates | 큐브 백서 업데이트 알림

We inform you that there has been some changes to our whitepaper from official website:

1. The "Expansion of Project Scope" section has been added.
- To reflect our commitment to creating value for token holders by expanding the use case of Cube tokens, we have added a section on ongoing projects and a section on token economy.

2. A new "Appendix" section has been created.
- Much of the technical aspects, including Synapse, have been moved to the "appendix" section to increase the White Paper's readability.

3. In addition, we ran a basic editing to correct typos

Click here to check out whitepaper

(Below is the same content in Korean.)

안녕하세요, 백서 상 약간의 수정사항이 있었으며 이에 따라 큐브 커뮤니티 회원분들께 안내 드립니다:

1. "Expansion of Project Scope" 섹션이 추가 되었습니다.
- Cube 토큰의 사용 사례를 확대하여 토큰 홀더들에 대한 가치창출을 하겠다는 당사의 의지를 반영하기 위해 현재 진행 중인 사업들에 대한 내용과 토큰 이코노미에 대한 섹션을 추가하였습니다.

2. "Appendix" 영역을 신규 생성하였습니다.
- Synapse를 비롯한 기술적인 부분의 상당 부분을 부록으로 이동하여…

Active attempts to employ Blockchain as a Service (BaaS)

Recently BaaS, Blockchain as a Service, has been rapidly increasing, especially with multiple studies on the application of blockchain in the Smart City. The development of automobile technology using several blockchains was announced today, at “SMART CITY” The 2018 Korean Institute of ITS Conference held in Jeju Island, South Korea. More than 250 Smart city’s traffic-related papers have been published in this conference. Korean Government agencies including Korea Expressway Corporation and The Korea Transport Institute, along with SK Telecom, LG Electronics, Naver and Cube Intelligence presented their research on the Smart city transportation. 

Cube Intelligence UK attracted attention by introducing their research during the special session. Cube is currently developing a vehicle security service, especially suited for autonomous and connected-cars, that employs blockchain.

Professor Young Yoon at Hongik University, an established expert in the field of AI and blockchain, has introduced the development plan for Cube’s Over-the-Air (OTA) technology that can remotely update autonomous vehicle software using a blockchain system by combining blockchain and AI technology. Cube has announced their research and development of blockchain application, that enables to collect a large volume of autonomous driving vehicle data while ensuring the integrity and privacy. Furthermore, Cube’s application will efficiently update autonomous vehicle software through OTA (Over-the-Air) in large-scale using a P2P method.

The autonomous vehicle, in particular, requires confirmation whether the large volume of data received through multiple sensors simultaneously has been hacked. Cube’s blockchain technology will demonstrate zero-configuration technology that seamlessly constructs these large volumes of data into a well-distributed Big Data platform. Moreover, they will establish a Data Affinity-based computing technology that employs parallel analysis on various physical locations of the data. Cube’s aim is to not only construct a distributed publish/subscribe overlay network that will enable selective collection of vehicle data and dynamic updates, but also connect through V2X (Vehicle-to-Everything) to provide a foundation for future services.

Professor Gi-Yeon Hwang at Hongik University, a specialist in the field of blockchain traffic policy, presented a variety of recent services that use blockchain including few cases of BaaS. Professor Hwang said that the second-generation BaaS has the advantage of significantly lowering transaction costs by enabling a variety of P2P businesses without a third-party intermediary, but instead using an embedded application such as smart contracts. He further added that in Korea, there is a need to develop a versatile BaaS, including vitalization of public transportation and utilization of unused urban space, through a regional-based consortium blockchain of local governments and private companies. In addition, in order to strengthen the global competitiveness of Korean BaaS, it is necessary to review the deregulation of the use of cryptocurrency in Korea.

A study on the legal aspects of the blockchain-based business was also presented. A specialist in blockchain related regulation, Hongik University’s law school Professor Choong Ke Lee, stated that a token can be classified according to their function; A Payment Token that performs a payment function similar to currency, an Asset Token that represent business-related equity and other assets, and an Utility Token with a license for an app or service running under blockchain-based infrastructure. And amongst the three tokens mentioned above, only the Asset Token is subjected to the regulation on public offering of securities under the Capital Market Act.

A Cube Token was mentioned as an exemplary example of a Utility token that is used to access the service or to use the service, but a token that does not represent a business-related equity or other assets.