NXT is Powering a Decentralized Voting System and Twitter
NXT is showing off some unique uses of the blockchain. NXT is supposed to be the "next generation of cryptocurrencies", and two recently launched services are turning that slogan into a reality. There is now a Twitter-like social network and a decentralized voting system available to users of the NXT cryptocurrency. Both of these projects are in the early stages of development, but they give us an idea of what will be possible with Bitcoin 2.0 technology. By using the NXT blockchain as a universal ID system, there are a number of interesting ideas that can now be turned into real world....
Related News
The Bitcoin Foundation today announced to test its upcoming on-blockchain voting system on crowdfunding platform Swarm. As stated in the organization's latest blog, the aim of this project is to bring "greater transparency not the voting process", where every vote is recorded under a secure, cryptographic hash. The foundation however ignored to elaborate the insights of this project - explaining how different it is from the other decentralized voting platforms like BitCongress. Though a theoretically astound concept, the Bitcoin Foundation's voting system project still has taken a long....
The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting. Voting is a very important part of any democracy, as it gives its citizens the chance to participate in the democratic governance process. In a democracy, the objective of voting is not just the creation of government but a collective effort that drives the interests of the society and the economy.The fundamental objective of voting across the world is to ensure that it happens in a fair and transparent way. The traditional ballot system has existed for years, but it’s safe to say....
We talk with Eduardo Robles, and along with David Ruescas, they are the main proponents of the Agora Voting project. Ferdinand Reyes: What is Agora Voting? Eduardo and David: Agora Voting is a free software voting system, born as Agora Ciudadana (Citizen Agora) in 2008 by a group of developers looking for creating a voting system useful for Partido de Internet (Internet Party). Currently fifteen persons work on this project and it has been used in two experiences in Spanish Parliament and pirate parties around the world. It is a flexible tool which can adapt to several use cases: different....
Recently the Russia’s National Settlement Depository (NDS), an organization that provides settlement and depository services, began testing blockchain technology as a potential solution for a corporate e-proxy voting system. The results will not shock you but the origin of praise for the system just might. NDS began looking into solutions for e-proxy voting in August of 2014. The prototype they recently tested is based on the NXT platform. The system also adheres to the ISO 20022 standard for messaging. NDS worked with the UK based DSX Technologies to develop the e-proxy voting system. The....
When it comes to the voting process, there is always an aura of not knowing what is going on exactly, and whether or not results should be trusted. One of the possible use cases for blockchain technology is decentralized voting. If it is up to Australian startup Veri.vote, that concept will soon become a reality. The company is currently developing the world’s first anonymous and transparent electronic voting system. Using the blockchain for something as colluded as voting sounds like an interesting social experiment. Various startups are exploring this opportunity, and it appears as if a....