L3COS (pronounced ‘leckoss’) is a blockchain-based operating system with a fully developed and functioning technology.
L3COS is designed to help governments, commerce and society reap the benefits of the digital transformation of their economy.
It has the potential to transform the way we all interact in a digital economy by harnessing the power of automated processes and procedures that will reduce the burden of regulations and costs.
Digital economies require data privacy that safeguards individuals, process automation that creates efficiencies and, in-built legal and regulatory rules that ensure all identities and transactions are protected under a country’s laws.
L3COS does all of this.
L3COS provides a legal and financial management system for countries, corporations and households that together can digitalise the whole economy. The system also creates accountability by allowing a nation’s legal and regulatory system to be an integral part of verifying smart contract transactions.
The L3COS operating system is designed to be quantum-safe, scalable and removes the most expensive aspects of commerce by verifying identities and automatically executing smart contracts.
L3COS also provides the benefits of decentralisation, security, transparency and speed; but it comes with the added benefit of not only incorporating the full legal and regulatory structure of each nation’s civil and commercial laws and regulations, but automatically updating all consequent changes.
“While a few have dreamed of a digital economy and democracy, we have worked toward making it a reality.”
Zurab is a successful technology entrepreneur who started his career at Softbank Capital where he rose to have full responsibility for its technology investments.
He passed out top of his year and after a receiving his Doctorate from Tbilisi State University in cybernetics and applied mathematics he emigrated to the US before joining Softbank Capital in New York, its US investment fund, in 1996.
He advised Microsoft, Dell and EMC on the design of distributed file systems and was involved in the software design work for Windows 2000 which became the basis of Cloud computing.
Zurab left Softbank Capital in 2006 as an executive director in charge of its start-up technology investments to pursue an entrepreneurial career in new technologies.
He set up Proluck, a consulting firm, which delivered enterprise level software solutions to Fortune 500 companies and was heavily involved in preparing the technology assets of Lehman Brothers for sale as part of its liquidation.
In 2010 he founded the fintech company Blagodaru which collects and manages automated cashback incentives for investment into long term financial instruments. He successfully exited the business in 2013 for 7x his investment.
That year he joined forces with a number of his mathematician friends to build what has become L3COS, the first quantum-safe blockchain-based operating system with a government consensus level as he could see the future lies in secure, fast and scalable digital economies.
L3COS was launched by Zurab in January 2020 at the World Economic Forum in Davos.
He is married with seven children, holds dual US and Georgian nationality and now lives in London.
“It is clear that one of the key drivers of future economic growth will be the digitisation of large parts of major economies, creating greater efficiency and productivity. The Covid 19 crisis is already further accelerating this trend.”
Sir Mark, currently a visiting professor at King’s College London, is a highly regarded former civil servant and diplomat having held the senior position of the United Kingdom’s National Security Advisor (2015 – 2017).
Prior to that he was the British Permanent Representative to the United Nations (2009-2015) and was also the Director General Political at the Foreign & Commonwealth Office where he was the Principal Adviser to the Foreign Secretary on strategic foreign policy issues (2007 to 2009) and the UK High Commissioner to Pakistan (2003 to 2006).
In his earlier postings he served in Paris and Pretoria; as Private Secretary to the Minister for Europe in the FCO; and worked on EU and Africa policy. Knighted in 2006, Sir Mark was educated at Cambridge and is a qualified barrister. He was appointed to the Bench of Middle Temple in 2011.