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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: voting

Deep Dive into Futarchy

Category: Blockchain, Cryptocyclopedia, Guides

Deep Dive into Futarchy

In Aristotle’s words “Democracy is when the indigent, and not the men of property, are the rulers.” The statement was powerful and highlighted that what lies at the core of democracy is the opinion of the people who are all identified equally. Countries around the world follow the democratic form of government and vote to elect the representatives who make…

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Blockchain Technology Could Make True Democracy Feasible Again

Category: Blockchain, Finance, News, Platform, Tech

Blockchain Technology Could Make True Democracy Feasible Again

With the Midterm elections on any everyone’s mind as people begin to register, a Medium article published September 27, 2018, talked about the benefits that implementing blockchain technology could bring to democracy as a whole. Manipulation of Voting in the Past With evidence recently coming out that Russia may have played a hand in the 2016 presidential elections, the security issues…

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Japan Introduces its First Blockchain Voting System

Category: Blockchain, News, Platform, Tech

Japan Introduces its First Blockchain Voting System

On September 2, 2018, Tsukuba, a city in the Japanese Prefecture of Ibaraki, introduced a municipal voting system built on blockchain technology. This makes Tsukuba the first city in Japan to begin using a blockchain based voting system. The city is known for its technological university and wide adoption of new technology. The blockchain voting system was deployed through an online…

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Democracy on the Blockchain: Incentivizing Voter Participation through Cryptoeconomics

Category: Blockchain, Cryptocyclopedia, Regulation, Tech

Democracy on the Blockchain: Incentivizing Voter Participation through Cryptoeconomics

Democracy is a form of governance where the population chooses its leaders through an open process known as voting. While it has its challenges, it is widely considered to be one of the best forms of political governance. Is Democracy Working? Researchers have been able to draw a parallel between the countries that rank highly on the annual World Happiness…

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Microsoft Researcher Creates Blockchain-based Voting System; Ethereum Looks to Implement Similar System

Category: Blockchain, Ethereum, News, Tech

Microsoft Researcher Creates Blockchain-based Voting System; Ethereum Looks to Implement Similar System

Microsoft’s principal researcher Glen Weyl believes that replacing the “one person, one vote” system with a mathematically weighted voting approach known as Quadratic Voting could resolve several problems in society. These include inequality, economic stagnation, corporate abuse, the housing crisis, and liberal democracy’s failings. Blockchain for Societal Peace Weyl’s proposal is considered an extremely radical approach caught the interest of…

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Presidential Vote in Sierra Leone Held on the Blockchain

Category: Blockchain, News, Tech

Presidential Vote in Sierra Leone Held on the Blockchain

For the first time in history, a Presidential election has been held using blockchain technology. Sierra Leone Conducts Historic Vote with the Blockchain In Sierra Leone, the ballots were cast in the presidential election, between 16 candidates. But, behind the scenes, the blockchain voting startup Agora was responsible for keeping the votes tallied.   The process was behind this was…

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Brazil Looks to Merge Political Processes with the Ethereum Blockchain

Category: Blockchain, Ethereum, News, Regulation, Tech

Brazil Looks to Merge Political Processes with the Ethereum Blockchain

Brazil’s constitution contains a special provision to safeguard the interests of its population by allowing citizens to sign a petition on an issue they think should be brought up in Congress. The concept, dubbed “popular petitions,” has been mired in many logistical problems for quite some time now. However, that may soon change with the introduction of a project that…

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Shareholder E-voting comes to South Africa thanks to Nasdaq’s Blockchain-based System

Category: Blockchain, News

Shareholder E-voting comes to South Africa thanks to Nasdaq’s Blockchain-based System

In February 2016, Nasdaq announced that they would introduce a blockchain-based program in Estonia to help improve the country’s e-Residency shareholder participation. This platform would allow shareholders of companies listed on the Tallinn Stock Exchange to cast votes digitally, without requiring their physical presence at a meeting. The program’s initial launch in Estonia was meant to be a pilot and…

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Liquid Democracy: How Blockchain will Revolutionize Voting

Category: Blockchain, News, Tech

Liquid Democracy: How Blockchain will Revolutionize Voting

Developers behind Sovereign, an application that combines blockchain technology and Liquid Democracy, are hoping to inspire voters to re-enter the political sphere. A Decaying Political Machine One of the greatest political disappointments of our generation has not been the election of Donald J. Trump. His arrival has certainly been unprecedented, some may say unwelcome, but his election has been the…

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Companies in Delaware Adopt Blockchain Technology to Record Lists of Shareholders

Category: Blockchain, News

Companies in Delaware Adopt Blockchain Technology to Record Lists of Shareholders

A new law approved on August 1 now allows companies in Delaware to keep their list of shareholders on a blockchain. Since Delaware is where more than two-thirds of Fortune 500 companies are incorporated, this move demonstrates the growing interest from governments and businesses in this new technology. According to Symbiont, a New York–based company developing blockchain technology, a network…

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