Cosmos, a project of the Interchain Foundation looking to build an “Internet of Blockchains,” announced a partnership today with self-evolving cryptocurrency platform company BlockchainOS Corp.’s BOScoin.

With BOScoin on board, Cosmos’ network of distributed ledgers will gain a smart contract system designed around the concept of “Trust Contracts,” which is an approachable framework for creating scriptable contracts on a blockchain network designed with the creation of democratic and productive decision-making processes.

The Interchain Foundation and Cosmos principal founders are Jae Kwon, the chief executive officer and founder of Tendermint, and Ethan Buchman, chief technology officer and co-founder of Tendermint. The Cosmos platform also uses Tendermint, a blockchain consensus development middleware protocol and platform, as a basis for providing interoperability between different blockchains.

The founders of Cosmos argue that one of the biggest problems of modern blockchains is that they do not interoperate well. To exchange tokens between blockchains an exchange is required—for example, to trade Bitcoins for Ethereum, or vice versa, a trader must sign up for a currency exchange to process trades. While the industry has some exchanges that can do this programmatically and services also exist for developers to automate exchanges, the ecosystem of services is still forming.

Cosmos’ architecture is designed to link independent, parallel blockchains with a hub using Tendermint’s Byzantine fault-tolerant consensus protocol to form its own blockchain that acts as a transaction ledger. When a connected blockchain operator wishes to exchange tokens with another blockchain, the Cosmos Hub acts as an intermediary to provide a trustworthy and easily automated exchange.

Kwon said that he believes Cosmos will allow “BOScoin to focus on creating uniquely innovative financial applications” by providing the developers a way to abstract away the need for an exchange system using the Cosmos Hub to connect to other blockchains.

BOScoin runs on the BlockchainOS platform and derives its name from the same: BlockchainOS coin becomes BOScoin.

The platform is specifically built to self-evolve according to changing conditions and designed to provide smart, scriptable contracts for industry use. The adaptive part of the BOScoin platform uses a Decentralized Autonomous Networked Organization mechanism to allow individual applications to create their own rules to form scalable networks of smart contracts with their own internal economies and resources.

“With so many technological advances, it’s impossible to even predict the next five years,” said Changki Park, chief executive officer of BOScoin. “BOScoin is designed to evolve through an internal funding and voting system.”

BOScoin has two planned user-facing applications in the works. Stardaq is an international celebrity popularity prediction market that allows users to place bets on whether the popularity of a celebrity will rise or fall. And Delicracy is a collective decision-making tool that allows users to participate by placing bets on a set of proposals, similar to the Augur prediction market.

The objective of BOScoin is to provide a framework and programming language for what the company calls “Trust Contracts.” These contracts are similar to smart contracts, scriptable event-driven contracts that trigger exchanges of currency on certain conditions, that seek to build trust and reliability rather than the ability to run any program.

More importantly, BOScoin trust contracts are written in the programming language Web Ontology Language, known as OWL for short, which is designed to be human readable and fault-tolerant. As a result, non-programmers can write their own simple contracts for the BOScoin blockchain for business purposes and expect that a contract is reliable enough that it will execute naturally as written.

An extremely in-depth, but layman-readable, explanation of the BlockchainOS platform and BOScoin is available at the company’s website.

To provide a boost for the company and earn seed funding, BOScoin is planning a fundraiser, known as an Initial Coin Offering. Starting May 10, it will last 41 days and distribute more than 276 million coins. The company expects to raise over $10 million from this ICO. In November, the company raised $3 million in a pre-fundraiser.

Image: Cosmos