Ukraine Government Plans to Trial Ethereum Blockchain-based Election Platform
A group of Ukrainian officials signed a memorandum late last week to move multiple levels of elections to the Ethereum blockchain using E-vox, a platform developed by Ambisafe. The goal of this memorandum is to create "a decentralized, transparent and accessible system for group decisions making (sic) via blockchain-based instruments" for....
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It is not the first time Ukraine gets involved with distributed ledger technology provided by the (Ethereum) blockchain. There are many different use cases for the blockchain outside of the realm of finance, and slowly but surely, people see the benefits of this technology. In Ukraine, the next series of elections might make use of the Ethereum Blockchain. Such an electronic election system is quite a novelty in the world of voting, and it can be utilized for different types of elections in the future. One thing election processes lack is transparency, as well as real-time results. Even....
Ukraine’s central bank has unveiled the roadmap for its Cashless Economy scheme, which will see it use the Blockchain as the basis for e-money transmission from 2017. Blockchain Roadmap for Payments, State Registers. The plans, which run until the first quarter of 2018, were revealed by Konstantin Yarmolenko, an advisor to the head of the agency for....
Ukraine, a relatively young democracy that has struggled to sustain its independence, could become the first country to deploy blockchain-based voting. A group committed to deploying blockchain-based voting known as E-Vox recently signed a memorandum to support a blockchain-based voting system. The E-Vox website notes a memorandum was signed by volunteers and organizations to give the world e-voting for fair and transparent decision making. CCN could not find any reference to this project on any Ukraine government website. An official signing ceremony on Feb 11, 2016, following two months....
The People’s Bank of China (PBOC) has completed a trial run of digital currency based on blockchain technology. According to a recent report from Chinese publishing giant Caixin, the central bank completed a trial that saw transactions settled with its own digital currency. Developed by the PBOC, the digital currency was tested on a blockchain and the trial was completed in mid-December 2016. The trial took place on shared distributed ledger that saw several major commercial banks as participants. The world’s largest bank by assets, the Industrial and Commercial Bank of China along with....
The decision to transition to electronic money was not entirely unexpected. Central banks all over the world are contemplating the concept of electronic money. Ukraine is on that list, and it looks like the Hryvnia will go digital in 2017. Additionally, there are big plans on the table to introduce blockchain technology in the country. One of the blockchain-based projects will focus on transferring state registers in Ukraine. Big changes will be coming to Ukraine’s economic ecosystem. Similarly to other countries around the world, there is a large focus on digitisation and blockchain....