Russia Tests Blockchain Voting, Plans to Launch It in 2017
National Settlement Depository, Russia’s central securities depository, has successfully tested an e-proxy voting system based on a distributed ledger (blockchain) technology. It has been eight years since the mysterious Satoshi Nakamoto introduced the definition of blockchain and implemented it in the original source code for his peer-to-peer digital cash system. While it is still unclear whether or not Bitcoin or other cryptocurrencies have any real long-term value, many argue that the acceptance and wider adoption of blockchain technology are fast approaching. Various industries see the....
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The Australian government-owned Australia Post has unveiled plans that it will conduct tests through digital voting via the blockchain technology in a bid to reduce costs and improve efficiency. The plans have been met with criticism from a prominent privacy consultant. Recently a submission was presented to the Victorian Electoral Matters Committee by the Australia Post who intend to operate electronic elections utilizing the blockchain technology. According to ZDNet, the postal service thinks that with the use of digital voting it will improve on convenience, better counting, reduced....
The Expanse Project has announced the development of a blockchain-based voting platform, which, according to developers, has “the potential to change the dynamics of future elections.” Expanse Wants to Take Voting to the Blockchain. According to a press release, this new project will provide voting services secured by an immutable blockchain. By virtue of the blockchain technology, said the Expanse team, their voting protocol will store voting data forever in a tamper-proof manner that is accessible across the globe. This platform reportedly makes voting easier, while making it harder to....
The National Settlement Depository (NSD), Russia’s sole central securities depository (CSD), has announced it has tested a blockchain-based voting system. The de-facto securities system by law, the NSD provides settlement services for government bonds, municipal bonds and corporate bonds, accounting for 99% of domestic corporate bond issues. The announcement notably follows similar action in the US markets, with the DTCC revealing it is participating in trials and tests related to the emerging technology earlier this year. According to a release, the NSD used the NXT blockchain system to....
Russian elections were deemed a success, but this platform is targeted at corporate clients. Waves Enterprise, the business-focused spin-off of the Waves project, announced on the public release of its blockchain voting system primarily aimed at corporations and board governance.The Waves system uses blockchain at every step of the voting process, as votes are recorded and then counted with full cryptographic guarantees. Homomorphic encryption is used to accurately tally votes without having to reveal the identity of the person who cast each ballot.While the system is primarily targeted....
In the article "Why The Bitcoin Price Drop Is Really Good News" I mentioned the upcoming issues on the horizon for the U. S. Dollar. Many nations are trading internationally without it now, and these "bilateral trade agreements" are on the rise. Growing global disinterest in the dollar will only increase the need for monetary alternatives that can be easily sent globally, like Bitcoin. Now, news is breaking out of Russia that they may be ready to end their time using the U. S. Dollar as Russia can move from the US Dollar much sooner than we thought. Also read: Russia Plans Bitcoin Ban by....