Blockchain is good for hodling, but not for voting: Bad Crypto news of the week
Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week's Bad Crypto podcast Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just the US dollar that Bitcoin is bashing. It’s also hit all-time highs against the Russian ruble, the Colombian peso, the Brazilian real, the Turkish lira, and the Sudanese pound among others. Its rise, now 375 percent above the point that gold investor Peter Schiff accidentally called as Bitcoin’s bottom, is inevitably....
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New York-based Blockchain Technologies Corp (BTC) is in the news with a startling product that it hopes will revolutionize the way the USA votes! The company is hoping that its product, "Blockchain Apparatus' Blockchain-secured Voting Machine," will be able to help stabilize the crumbling existing voting structure with its more secure voting machines. On its website the company is unambiguous when it states its agenda in the following words: "America's voting machine technology - or lack thereof - is a looming crisis. Many states use voting machines that are over 10 years old that are not....
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....
A judge for the Delaware Chancery Court has advocated for blockchain-based proxy voting as a means to put more power in the hands of shareholders. Chancery Court Vice Chancellor J. Travis Laster spoke late last month during a meeting of the Council of Institutional Investors, a nonprofit organization dedicated to institutional investment issues. In his speech, Laster took aim at the business ecosystem for proxy voting – services that enable shareholders to cast votes on corporate decisions – arguing that “the current system works poorly and harms stockholders”. He argued that issues with....
In a keynote speech at the Financial News Awards for Excellence in Trading and Technology, Europe 2015, in London, Nasdaq's Chief Executive Bob Greifeld declared that the exchange was going to use blockchain to manage the proxy voting system. In a nutshell, proxy voting is an important yet time-consuming exercise which is handled by a listings exchange. This exercise allows the shareholders to participate in the votes at a company's annual general meeting without attending an AGM. The Financial News also quoted him as saying that this move would first be tested on the Nasdaq's market in....
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....