The Basics

The Basics

Onli is not an Asset class. Onli is a digital Asset transfer technology that makes it easy to send store something of value called an Asset as easily as you send email. Onli® is a registered trademark of a luxury brand of technology services by The Onli Corporation. Onli is not an Asset class. You don’t buy an Onli like you would a bitcoin. Onli is a technology you use to build an Asset class out of. Onli is a fast, highly scalable, resilient, and secure technical architecture and eco-system.

What is Onli?

Onli® is a technology that you use to store information in an immutable quantified state called an Asset, move the Asset around and maintain that quantified state over a network of connected devices. There is only ever one owner of that Asset. With Onli, when it comes to owners, there can be only one, Onli-You.

Onli is technology that makes it possible to make something that can be quantified as unique on a computer system. The technology lets you store information in an immutable quantified state called an Asset, move the Asset around and it maintains that quantified state over a network of connected devices because it evolves as it moves from person to person. Onli is an “actual possession” technology, that means that you physically possess it. In contrast to “custodial possession” where a third party has “custody” and ownership is an identity claim of a record in a ledger. Onli is an actual possession based system not a custodial possession or ledger based system. This means that it is digital, but it is something you physically possess. Therefore Onli works exactly like a thing in quantum reality, there is only one instance of a thing. There is only one of a thing and only you possess it. This means when used in an economic system it works just like the cash in your pocket, not like a bank account with a ledger.

Onli is a unitary container of data that uses a non-fungible (unique) data structure (Genome), tightly coupled to an unforgeable credential (Gene). This is used in a self-contained trusted execution environment, where storage operations, like copy, are realized by a process called Genome Editing. The system uses Genetic and Cryptographic Algorithms to evolve the dataset as it moves from person to person. This patented method solves the uniqueness quantification problem of computers. Scientifically speaking, uniqueness quantification means a set of data whose uniqueness is quantified. Put simply there is only one of a thing across a network of connected devices.

Explain it like I am 5

Put simply, Onli is like a special kind of computer program that helps people create and use digital things that they can use title to something in the real world or they can use it like money or other valuable things. With Onli, you can send and store these special things easily and safely, and you can even make your own special things. It's like having your own special toy that only you can play with, and you can share it with your friends if you want to. No one can take it away because it works for one person alone, only you and you alone have it.

What Onli is NOT

Onli is not a kind of Crypto. There is no ledger. Onli® has nothing to do with Bitcoin, Ethereum, or any other crypto technology. Onli is not blockchain. Onli is not a private key, an alphanumeric string. Onli is not an entry in a ledger. Every Onli is it’s own separate individual chain. Onli moves from person to person, peer to peer over the Onli_One network. Onli_One is not a DLT. Onli are minted not mined therefore it has no infrastructure sharing scheme like mining. Onli is different from blockchain DLT from the ground up.

How is Onli different?

Onli is a paradigm shift. Onli is like a light bulb. A lightbulb is not a new kind of candle. A lightbulb is a different way of generating light. This is different from the ground up.

Core Concept Differential

  • The most important difference is that Blockchain is a Custodial possession system where Onli is an Actual Possession system. Actual Possession and Custodial Possession differ in that they define transactions differently. Custodial Possession: a transaction is where one person holds (custody of) the Asset and makes an entry in a ledger. Ownership is a substantiated identity claim of an entry in a ledger. Actual possession: a transaction is a change in possession, where ownership equals possession. Put Simply the difference is that an actual possession system works like the cash in your pocket and a custodial system is like your bank account. Consequently, the digital version of these two transaction systems are naturally going to be different from one another. Onli is Actual Possession. There is no ledger. Crypto and “The Blockchain”, is a custodial possession system that stores transactions in a ledger. They are fundamentally and technically different ideas. They work differently.

Technical Differential

  • Distributed Ledger Technology (DLT) can be defined as a distributed shared database, having copies in a blockchain data structure distributed over a set of nodes, whose entries are generated based on cryptography technology and a consensus mechanism for reconciling the nodes. DLTs maintain a reliable database in a decentralized way. One of the most significant elements of DLT is a method to pack data as a blockchain those blocks together with hash functions such that the data in the resulting “blockchain” is “immutable.” DLTs, an outgrowth of paper written in 2009 by Satoshi Nakamoto. “The Blockchain,” is a term used synonymously to mean a DLT ledger. “The Blockchain” can be viewed as a large public ledger maintained collectively on a P2P network based on consensus protocol.
  • Onli can be defined as a distributed collection of blockchain databases, where each unit of value has its own blockchain, and entries are generated based on cryptography technology. Onli maintains a reliable database in a decentralized way but differs from DLT in key areas. One key differentiation is the method of decentralization. Each Onli is its own blockchain, which is possessed by its owner, an unforgeable credential, on a client device. Unlike a DLT, the blockchain data structure is not stored as a monolithic blockchain, copied across nodes, and then required to be reconciled with a consensus mechanism. Instead, ONLI transactions are individually segmented by the client in their own blockchain, stored in the client, and the server provides “compute services” that evolve the blockchain. A replicated database is used to validate the state of blockchains in possession of the client (RVO). Onli was designed to solve a different problem than DLTs, as outlined in a 2010 paper by Dhryl Anton, Michael McFall, and Peter Jensen-Haxel. Onli is a non-fungible (unique) Genome tightly coupled to an unforgeable credential and used in a patented method to solve the uniqueness quantification problem of computers. In mathematics and logic, the term “uniqueness” refers to the property of being the one and only object satisfying a certain condition -(Wikipedia). In computing, the problem is defined as how to make something on a computer, which transfers binary data by making a copy, have a unique existence across a network of connected devices. Once you have solved this problem, you can build a technology that get all the benefits of DLTs with none of the problems.

Feature Differential

  1. Onli is original code. Onli is not a clone of bitcoin, erc20 a NFT, EOS or anything like that. Onli is not stored on “the Blockchain”. It just doesn’t work that way.
  2. There is no private key. No ledger. Since the patented technology makes it possible for there to be only one of a thing then that means you can have actual possession of it. No ledger is needed.
  3. An ONLI is a piece of code that evolves as it moves from person to person. No DLT. Owners are decentralized not the ledger. There is no ledger.
  4. Every Onli has an owner. It is not anonymous. Every Owner is authenticated. Every transaction is strongly authorized. Ownership is registered in a transparent validation network that is private by default. Independent validation is available only to those you give permission to.
  5. Onli are stored in a Vault not a wallet. This is actual possession technology not custodial (ledger) technology.
  6. Onli are minted not mined. Since there is no ledger, there is no infrastructure sharing scheme. No mining. No consensus.
  7. Onli, unlike crypto, was built for financial services from day one. Since every Onli has an owner, independent validation and actual possession. This means it has title and can meet accounting assertions as a financial Asset. Onli was built to fit within regulatory environments.
  8. Onli is a full stack from the ground up. Its infrastructure and identity management, in one. You can define an Asset, build and operate a marketplace for your own brand of Onli. No miners.
  9. Onli has simple stable pricing. There are no transactions/gas/processing fees because there is no mining. You buy services like compute (changeOwner) and storage (Vaults). You buy Value_Assets (coins) for a Nickel. Vescel, Cryptographic Containers that you can put any file into, cost 100 basis points. Onli is a white label technology. You define your Asset and sell your own brand. You set the price.
  10. Onli is fast and final was built specifically to beat the T+2 window. Onli is fast, reliable, it has consistency and it’s scalable and final. There is no risk of forking or hacking.

This is different from the ground up.

Is Onli open source?

No. Onli is not a fork of any other blockchain technology. Onli® is original code. Onli_One is institutional-grade commercial software available from The Onli® Corporation.

How does Onli work?

Onli uses a patented data structure called a Genome - A custom unitary dataset that stores a micro array of data as the entirety of a single whole. It is quantified and whole meaning it is neither divisible or fungible. A Genome is composed of ten Helixes - A single set of structured data stored in an immutable sequence, which store relevant data in ordered pairs for a specific domain. Each Helix has ten Base-Pairs - An ordered pair of two related data elements: A Base, which is a constant that defines the data set and a Pair, which is a variable that belongs to the set. Genomes are stored in a Vault - A self-contained trusted execution environment. A Vault is tightly coupled, to an unforgeable credential, A Gene - a distinct sequence of Base-Pairs that perform the function of credentials and is a unit of heredity that is transferred when an Onli changes owner. Onli are unique. Onli move from one vault to the other and evolve as they move from person to person. This is done through a process called Genome Editing - Base-Pairs are computed using proprietary algorithms to evolve specific helixes. Genome editing employs the use of Genetic and Cryptographic algorithms. This occurs in an enclave, a secure execution environment. Together this patented method solves the uniqueness quantification problem of computers. The result is a way to create something across a network of devices, of which, there can only be, one.

What is Onli_One?

Onli runs on Onli_One. Onli_One is a full stack of technologies that make it possible to maintain a single global state across a network of connected devices. There are four parts to the Onli_One.

  • Onli - a defined unitary dataset that uses a data structure called a Genome- an immutable packet of code that evolves as it moves, The genome is a digital representation of the Asset - something of value that you want to keep control over.
  • Onli_You - a free mobile and desktop application that includes a Vault, a high-security authenticator and a trusted execution environment. Onli_You vaults are where owners store Assets.
  • Onli_Cloud - a Cloud Service (FAAS) Onli_Cloud provides the compute, storage, networking, database, and platform services you need to interact with Owners on the Onli_One Network. Onli Cloud Services is a functions-as-a-service platform that, upon an authenticated request, creates Owners (Onli_ID), ask owners to move assets (AskToMove), host the master Oracle and hosts Treasury Vault were Assets are held for issuance to Owners (Issue). Onli_Cloud Services also executes requests (changeOwner) by Owners in an enclave, a secure environment. -
  • Appliances - the application that does something with the Onli. Developers can use any technology they like to build an Appliance and connect to Onli_Cloud via remote procedure calls.

When do I use Onli?

You use Onli when you want to create a kind of digital entity called an Asset. Move that Asset around without making copies and keep control over the Asset. An Onli is an Asset and an Asset is property owned. An Asset is a configured dataset (Genome), that is owned by an Owner (Gene), which is tightly coupled to a User in an Appliance. An Appliance is client server application that presents to the Owner a value proposition in regard to an Asset. Onli is a patented solution to the uniqueness quantification problem in computing, which means it is a way to make something on a computer, of which, there is only one, and maintain it’s uniqueness as it moves across a network of connected devices. Onli is like nothing else. This is a paradigm shift in terms of how data is stored, used and moved around. Onli can be used in lots of different ways. It was designed for use in Artificial Intelligence but it can be used to transfer any kind of Asset, from financial Assets (derive their value from contractual obligation or ownership claim) to tangible Assets (like pdf, jpg, etc). The limit is only your imagination.

How do I use Onli?

There are two separate components to a use case.

  1. There is the Asset - something of value that you want to keep control over. You define and mint that Genotype.
  2. There is the Appliance - the client/server application that “does something” with a Genotype. - To move or change the owner of a Onli.

The process of building a solution with Onli and Onli_One is first to mint an Asset (Genome) and then to build Appliances that does something with that Asset. Appliances send instructions to Onli_Cloud in regards to representations of the Genotype. Appliances can ask an owner to move an Asset. Only Owners can move Assets. - Every Onli has an Owner, who is in possession of the Onli. The Owner of the Onli is the one that submits the Asset to the Transfer Agent (Onli.Cloud) and authorize the movement of the Onli.

How much does it cost?

Onli® is not an Asset class like Bitcoin. You don’t buy an Onli. Issuers use Onli to create their own brand of Onli®. Think of it as the fabric that a quality tailor would buy rather than a suit. Onli is the fabric of innovation.

Issuers go through a stringent legal and financial framework for financial assets. There are always “real” Assets behind any Onli based financial Asset. Onli based financial assets are called micro-commodities or micro-currencies. Minting an Asset is a complex process that involves legal, technology and regulatory considerations. Our baseline consultation for this starts at $120,000. The Onli Corporation does not operate any marketplaces. Tangible Assets (like files) has a different standard. Issuers choose their own developers of their Appliances.

Onli is a technology you build things with it therefore costs will vary. The Issuer (the entity that mints the Asset) builds and maintains the infrastructure (Onli_Cloud) for their own applications. Onli_Cloud is dedicated infrastructure operated by an Issuer for their own Assets. Every Issuer operates the infrastructure for their brand of Onli. Bottom line: This is enterprise software and a typical deployment starts around $500K.

Onli is a peer-to-peer system. There are no miners therefore there are no transaction costs or miners, or gas etc. The is a one time fee of $0.05 per unit to put an asset into circulation. This is called issuing. You do this by making an ISSUE call to the Onli_Cloud instance of an appliance. There are no transfer fees. Appliances however may charge fees. Onli does not participate in that in anyway. Issuers are solely responsible for the Assets they issue. Onli is only a technology provider. Onli does not own or operate any marketplaces.