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Electronic voting is by no means new. In one way or another, non-paper-ballot voting has been going on for decades. It should surprise no one that there have been instances of severe security breaches in more than one jurisdiction. The HBO documentary “Hacking Democracy” covers this in detail. Cryptocurrency enthusiasts know there is a good solution to the problem of compromised electronic voting. The ledger that underpins Bitcoin, the blockchain, is perhaps the most secure design ever seen. Pete Martin, founder and CEO of  Votem , a veteran of SAP consulting, went to a business conference a few years ago in which the speaker challenged his audience to come up with an idea that would positively impact 1 billion people. “I sold my consulting business and was seriously thinking about getting into state politics,” he stated in interview to CCN. “A lot of people around me said, you know, at the end of the day, Pete, you’re an entrepreneur, you’re not a politician. So, you know, if that’s

Technology giant Microsoft is reportedly among several other industry firms alongside banks and financial institutions coming together to form a new blockchain working group called the ‘Enterprise Ethereum Alliance’. The coalition of tech firms and banks aim to accelerate the adoption of Ethereum’s public blockchain technology in corporations and enterprises, according to a  Bloomberg  report. Flocking to Ethereum With companies like Microsoft pushing toward development and service offerings, Ethereum, as a smart contracts-based public blockchain is seeing a number of adopters in the corporate space. Companies and financial institutions working on their own private blockchains are increasingly choosing to fork Ethereum. In early 2016, a year revealing several blockchain prototypes and proof-of-concepts, one of the  earliest known cases  of a banking collective using a blockchain to transfer value came to light. A total of 11 banks across four continents from the R3-led banking con

In a  report  by Swiss multinational financial institution Credit Suisse, bitcoin and blockchain are deemed to be ‘relatively safe’. Bitcoin has some unique risks, the report noted. The value of the cryptocurrency has been three times more volatile than the price of oil and 11 times more than the post-Brexit exchange rate between the British pound and the U.S. dollar, according to the bank’s markets research department. Bitcoin transfers are also irreversible, so someone making a mistake entering an account number when making a payment will be out of luck. In addition, if a bitcoin user loses their private key, they can lose all their bitcoin. Blockchain’s Immune Structure Bitcoin’s blockchain architecture has demonstrated immunity to hacking risks. The blockchain is not an interconnected series of individual accounts, but a record of past transactions. When a user wants to transfer bitcoins, all computers running the bitcoin software process the sender’s signat

Following yet another sharp price drop due to the secretive, closed-door and private actions of China’s Central Bank, the bitcoin community turned today to angry rhetoric directed at PBOC. “You can’t live in a fascist state and not expect the fascist state to come bursting through your door to slap you around, every now and then.” – says one bitcoiner. “I am about sick of China.” – says another. “It’s safe to say that China is going to keep saying something every time Bitcoin gets close to the value of Gold.” – says a third. PBOC stands accused of taking measures against bitcoin every time price rises. Just as bitcoin surpassed gold parity, they  announced  the opening of an “investigation” into China’s big three exchanges: BTCC, OKCoin and Huobi. Price fell sharply by around $300, but then slowly recovered, increasing by around $170 from the beginning of this month to reach around $1,070. PBOC again interfered. Telling Bloomberg they were to hold a  closed door meeti

Which makes you cringe more, the threat of ransomware or the current mess of health records? Blockchain, the same technology that enables hackers to collect ransoms with anonymity, is increasingly seen as the best platform to advance universal electronic health records (EHRs),  according to Wired . Sign In  to claim 500$ worth of Bitcoin Blockchain, or distributed ledger technology, is widely associated with cryptocurrency such as bitcoin. The blockchain is also used on the “dark web” for the anonymous sale of weapons, drugs, and other illegal exchanges. The same attributes of blockchain technology that make it appealing for criminal use, however, can also help solve the complex data record-keeping needs of systems used for legitimate purposes like EHRs. More:   Blockchain technology may help secure the nuclear weapons of the future The lack of coordinated and complete electronic health records affects patients, healthcare professionals, and the administrative sy