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The cryptocurrency technology is paving its way across the world bringing up new excitements and opportunities poised to transform how transactions are made. For instance, BOScoin, as global cryptocurrency issued in Korea, is a cryptocurrency that utilizes the blockchain, ontology language, and timed automation technologies to ‘solve’ persistent issues in decentralized systems.
BOScoin, Trust Contracts and the Congress Network operate on top of the alternative blockchain called OWLchain. By the OWLchain's integration of ontology language and timed automata into blockchain, the BOScoin and Trust Contracts aim to serve as digital currency and smart contract with inherent security assurance.