Electronic Government as a Service — eGaaS, a blockchain platform for organizing economic, public and social activities that are powered by smart laws and smart contracts, announced that it has started beta testing its platform.

The eGaaS platform is designed to make the migration of government and community functions to blockchain easier. It implements four basic functions that include the financial system, registry structure, smart contract algorithm and smart law formation & execution mechanism, the release stated. Combining these four functions into a common blockchain platform, it serves as a tool for the government, legislative bodies, business, and citizen, that can be used to manage any activity.

The blockchain platform is the first of its kind to implement a mechanism to frame and execute smart laws. Smart laws are algorithms describing the rules and conditions regulating the execution of state laws. These regulate the creation and execution of smart contracts and thus automatically regulate the relationship between individuals and organizations.

The feature rich eGaaS can be successfully used to create a variety of financial, business and social applications including payment systems, stock exchanges, insurance and credit organizations, among others.