Acceptable Use

Preamble

We are NOT in the Crypto Industry. Crypto is a digital asset but not all digital assets are crypto. We, at The Onli Corporation, are using advancements in science to create a new class of data: Assets. We build technology to make it possible to send Assets as easily as you send email. This is not the blockchain you have been hearing about. The context is different from the ground up.

The Context

There is Open Data. Data that is openly accessible, exploitable, editable and shared by anyone for any purpose, even commercially. Open Data, while vilified today, has led to the advancement of humanity. Most of our advancements, like AI, would not be possible without the open sharing of information. Free software in exchange for micro-work is arguably one of the greatest inventions in human history. The Open-Source movement has led to the largest expansion of human knowledge in all of our known history. This is not that.

Assets are a different class of data. An asset is property owned. Property is something of value you are in possession of or has legal title to. Ownership is a bundle of rights. Those rights are defined by legislation and enforced through regulation. Finance is a science, in that it is built on the three assertions of accounting: the assertion The assertion of rights and obligations - derived from contractual rights of an exclusive owner. The assertion of existence - evident by a valid record of and/or the actual possession of. The assertion of valuation - evident from an independent source of truth. Finance emerges from law. No technology is going to change the physics of something.

This is an asset transfer technology. There is no ledger. No private key. No mining. No consensus. This is not that. OnliOne is an asset transfer technology. In OnliOne, there are two kinds of assets: Tangible- like a document, image, video, pdf, any kind of file. And, Financial Assets, that gets its value from a contractual right or ownership claim. Assets are property owned. The property is a unitary container of data in an electronic form. The owner is a unique data-set tightly coupled with user data, for the purpose of being a credential and stored in an electronic form. The value is a property that is added externally by the user or defined by a value proposition of an Appliance. In other words, Asset, ownership, transmission, these are technology things. Price, value these are human, legal, compliance, things. This is an important distinction to understand.

Financial Assets are defined as follows: “Digital Asset” a representation in electronic form of property that derives its value from a contractual right or ownership claim, where ownership can be transferred electronically. Digital Assets are property owned. Financial Assets are classified as commodities or securities. Such distinction is a function of how they are used. Some digital assets represent Investment Contracts and are required to be registered as Securities. As a general rule, Securities generate or are expected to generate, a return from a common enterprise. Commodities, as a general rule, do not or are not expected to, generate a return from a common enterprise. Financial assets represent title to or derived from a claim of ownership defined in a contractual relationship. This relationship is not a technology thing. It is a legal thing. You will need to consult legal counsel to determine which category of use your use case falls under. You are independently responsible for complying with all applicable laws in all of your actions related to your use of Onli, regardless of your intent.

Tangible assets, in our context, is any kind of digital file, it is something you put into a cryptographic container called a Crypt™, which is then bound to an Onli. Only the Onli can open the container and decrypt the contents of the Crypt™. The Onli represents Title to the contents of the Crypt™. The value proposition of a Crypt™ is that it lets you securely share your content, any kind of content, and control who, when, where — and even how many time’s the content is used. It is therefore essential that only the author or owner, in the legal sense, originate the contents of a Crypt™. You as a developer are responsible for reasonably assuring that such is the case. Crypts are cryptographically sealed and The Onli Corporation is physically incapable of opening them. You are independently responsible for complying with all applicable laws in all of your actions related to the contents and your use of Crypts, regardless of the purpose of the us.

The Onli Corporation does not Issue Asset Classes or build Appliances. Assets are issued by an Issuer. Developers develop Appliances that “do something” with representations of Assets from the Issuer. Only the Owner of an Onli may access the data layer. Onli are stored on Owners devices. This is ultimately a peer to peer system. Neither, The Onli Corporation nor the Developer has control of that data layer as this is stored locally. The Onli Corporation has no physical way of remotely accessing an owner’s Onli. A Developer may send a request to the data storage layer but such requests cannot be executed without the Owner direct authorization as the data storage layer is isolated. This is an important distinction. The key differentiation of Onli is the method of decentralization. The data-layer is decentralized instead of the processing layer, in Bitcoin et al. On Onli.One data is private-by-default. This is in stark contrast to the current configuration of the internet where data is public-by-default. As a developer and user you will need to account for this distinction as they may have legal ramifications. You are independently responsible for complying with all applicable laws in all of your actions related to compliance, regardless of the purpose of the use.

Acceptable Use Policy

At The Onli Corporation, we make it easy to store a new class of data, move it around and keep it safe. Onli was designed to fit within regulatory requirements. Our goal is to help you and your team build great ideas that employ that kind of data. To do this, we need to keep our products and services running smoothly and we need our community to adhere to certain standards. For this to happen, we need help from you, our developers and users. We need you not to misuse or abuse our products and services.

To describe exactly what we mean by “misuse” or “abuse” – and help us identify such transgressions, and react accordingly – we’ve created this Acceptable Use Policy. Under this policy, we reserve the right to suspend services and remove content that is inconsistent with the spirit of the guidelines, even if it’s something that is not forbidden by the letter of the policy. This is a new industry and it would be impossible to identify every possible situation. In other words, if you do something that isn’t listed here verbatim, but it looks or smells like something listed here, we reserve the right to treat it as a violation.

You can use Onli data object as a title to a contractual obligation, a cryptographic container, or to represent a referenced object. It is important to understand that unlike other technologies, here, the Owner, physically possesses and owns, the Onli. You can use Onli to represent unique ownership. Onli however are by nature a single solitary unit and each unit cannot be fractionalized. There is only one. As with any scientific advancement it is important that we use it responsibly. Just because you could doesn’t mean you should. Use your judgment and follow the law, and the spirit of the law.