Blockchain Voting In The Context Of Lockdown

Students in the University of Malta’s Master of Blockchain and Distribution Ledger Technologies have built a decentralized application (Dapp) that is used to vote in upcoming student representative elections, according to the press release of March 28.

Dapp is built on the decentralized digital identity platform provided by Vodafone to students. The election was the first live project to be implemented using Vodafone digital identification platform.

Joshua Ellul, the university’s director, said we were excited to be the first use case for the Vodafone [digital identity] platform of Malta’s distributed ledger technology center.

Decentralized voting application

Although the application was built to allow voters to control their data automatically instead of giving up personal data to a centralized entity. The COVID-19 pandemic highlighted some advantages of platforms. Ellul declares:

Especially at this moment, given the current situation, it is important to have a remote voting mechanism, which allows reliability and transparency thanks to Blockchain-based solutions.

Ellul said that the biggest challenge in developing the platform is to rely on the network reliably, with users adding that Cameron’s digital identity platforms like Vodafone provide a solution.

Voting is private but transparent, meaning the results of an election can be verified publicly.

The University of Malta introduced its blockchain master course in October 2019.

Malta’s government promotes a “blockchain island”

Malta has long been a crypto-friendly jurisdiction. Whether it will remain unclear when the current Prime Minister, Joseph Muscat, resigned after facing corruption and widespread ties to a journalist’s political assassination.

While new government-issued statements indicate that the leading cryptocurrency exchange (Binance) is licensed in the country shortly after taking office, the new government has expressed its position on the blockchain. They added that they will seek to integrate blockchain with other emerging industries under the protection for Digital, Financial and Creative services.

Ref: Cointelegraph

Tags: #Blockchain, #Dapp, #Malta, #News, #Voting

Source: https://xeonbit.com/blockchain-voting-in-the-context-of-lockdown/

Crypto Support Life And Good Health

Many countries are struggling to come up with a suitable aid package or coronavirus relief bill because of the spike in the number of covid-19 cases. Without sitting on the sidelines, many cryptocurrency companies are doing their part to help. As the part of crypto-world, Xeonbit hope to give a little help for global community. Crypto Support Life and Good Health Campaign may help people to overcome this situation. Please share and comment your idea about our campaign. Notice: We don’t ask for any transferring to any crypto address.

Crypto Support Life to overcome current pandemic

Tags: #Coronavirus, #Covid19, #CryptoSupportLife

Source: https://xeonbit.com/crypto-support-life-and-good-health/

What's Future in Decentralized Privacy Currency?

With governments increasingly exploring and launching their own digital currencies, we might worry that crypto just can’t compete with national financial infrastructures.

Not so, Vitalik Buterin (Ethereum co-founder) spoke with Block TV podcast on March 4 about his predictions for the future of currency — specifically the fate of decentralization.

Digitalization is inevitable and decentralized privacy currency would be more favorable to many than a state-controlled Central Bank Digital Currencies (CBDC).

Digitalization is inevitable and privacy is king

Vitalik believes that with or without blockchain technology, digital currencies will continue toward mainstream adoption.

Vitalik also compared the three existing sovereign, corporate and decentralized types of digital currencies and pointed out the challenges that CBDCs are facing:

The main challenge with central bank and even corporate currency is basically the concentration of power, the concentration or data collection — that you become dependent on potentially central intermediaries that can exercise a very fine-grained degree of control over who has the ability to participate in these systems and who can’t.

Vitalik foresees the more appealing future currency to be decentralized and private, as it would be more resilient against“centralized chokepoints.” He added:

We’ve been seeing many situations where even things that are perfectly legal just end up getting restricted because whoever runs the centralized choke-points just wants to exclude some category of users and I think those are reasons why people will continue to be interested in fully decentralized digital currency.

Challenge decentralized currencies with CBDCs

Central banks globally have admitted that Facebook’s Libra pushed central banks to seriously look into digital currency initiatives to replace cash.

The Digital Dollar project is working to develop a framework to establish a dollar CBDC in the United States.

China has been preparing for DCEP (Digital Currency Electronic Payment) ever since 2015 and has been reported that the central bank was planning to conduct the first real-world test of its CBDC.

Ref: Cointelegraph

Tags: #CBDC, #Ethereum, #Privacy, #VitalikButerin

Source: https://xeonbit.com/whats-future-in-decentralized-privacy-currency/