Wow... A big step against corruption!
The city of Moscow is looking to evolve their Active Citizen polling network to log votes in upcoming elections. Thus making the election process transparent to all and tamper-free.As the white house continues to deny any allegations of collusion with Russian hackers and the FBI doggedly turns over more and more evidence of Russia’s influence on the 2016 elections the city of Moscow is making moves to make sure it can’t happen there.
Since 2014 the Russian city has had a program in place called Active Citizen. This program allows citizens to vote on big projects in order to eliminate corruption. In 2017 the Active Citizen program was moved on to a Blockchain network where ideally the data can never be deleted or changed and the system cannot be hacked. Today it has added a private version of the Ethereum network to the existing architecture with a view towards implementing this into the city’s voting process.
In this way, city officials hope to soothe citizen’s fears of vote manipulation while showing the world’s governments that free and fair elections can be had in Russia.“Of course, sometimes we hear that not all the votes are trusted,” said Andrey Belozerov, the strategy and innovations advisor to the city’s CIO; “So, we decided to use a blockchain for the Active Citizen project, as a platform of electronic trust. The idea is to put all the votes to the blockchain to make it open so everybody can connect to our blockchain network, and to check the voting process, and so on and so-forth.” #bitcoin#bitcoins#blockchain#блокчейн#Биткойн#криптавалюта#ФинТех#bitcoinasia#bitcoinnews#bitcointechnology#bitcointraiding#bitcoinguru#bitcoinprice#bitcoinbillionare#bitcoinmining#bitcoinexchange#altcoin#ethereum#money#cash#fintech#crypto#cryptoworld#cryptocurrency#cryptocurrencies#moscow#russia
Intimidate the small investors, so you get more of the cake yourself.Shame on you Warren!
A “noxious poison,” that’s how the Vice-Chairman of Warren Buffett’s investment firm Berkshire Hathaway recently chose to describe Bitcoin and its related technologies. Seemingly not one to mince words, the number two at the world’s third-largest public company also called the general interest in Cryptocurrencies “totally asinine.” These strong declarations following only a month behind his famous boss’s own statement that Bitcoin “definitely will come to a bad ending.” Given all this hate towards Cryptocurrencies coming from Berkshire Hathaway, one would reasonably assume the company wanted nothing to do with the technology. That is why it’s strange to consider that one of the largest of Berkshire’s many wholly owned subsidiary companies, BNSF Railway, has just become the first major railroad to join the Blockchain In Transport Alliance.The alliance has a stated goal of helping member companies apply digital-ledger based technologies to improve efficiency and reduce costs in the freight and logistics space. The groups own information guide states that, “Members of BiTA understand that Blockchain isn’t just an industry disruptor, it’s technology that will revolutionize the way people do business.” The group has also stated its firm belief that “10% of the global GPD will be stored on Blockchain by 2025.” Strange for a company whose owners have called the technology “disgusting”, to join up with a group so obviously for it.
2 hours ago
I guess many governments out there have NO CLUE that cryptocurrency and Bitcoin was created for the main purpose of getting out of our lives. They really think making their own centralized coin will help them? Good luck with that. LOL
Politicians in Turkey are reportedly looking to launch a national cryptocurrency. According to a report by Al-Monitor, Ahmet Kenan Tanrikulu, the deputy chair of Turkey's Nationalist Movement Party and the country's former Industry Minister, has drafted a report to propose a state-backed cryptocurrency dubbed "Turkcoin." Though the technical specifics remain unclear, the lawmaker touts that Turkcoin would aim to tokenize asset-backed securities for the issuance, which he argued would yield lower risks than existing cryptocurrencies.
The report said such asset basket would include large public companies in the country's wealth fund such as Turkish Airlines, the Istanbul Stock Exchange and Turk Telekom. He told Al-Monitor:"The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it's too late." Elsewhere in the report, the lawmaker called for clearer regulation on cryptocurrency in an effort to control the market. He argues that the absence of legal framework over cryptocurrency in Turkey could lead to illicit use."The introduction of encouraging regulations after assessing all kinds of risks would enable us to generate revenues from the cryptocurrency market, especially from bitcoin. In this context, the country needs a bitcoin bourse and legislation to regulate this realm," he reportedly said.