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AUANetwork was first proposed by Jake Hyunduk Choi in the paper "Bitcoin: A Peer-to-Peer Electronic Cash System" in 2013, and was realized through Bitcoin's core technology in the second year. The AUA Network is a monetary ledger of personal financial transactions that publicly records the transmission of information, utilizing data blockchain technology - a "technology development" based on HTML, HTTP, RDF and OWL standards, that allows computers to share information through predictive analysis .