Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Oct 05, 2018
Will Blockchain Revolutionize How We Vote?

Will Blockchain Revolutionize How We Vote?

Blockchain’s useful properties are well-documented. The decentralized public transaction ledger has seen increased adoption for a variety of use cases by different sectors, each intrigued by blockchain’s transparency, speed, and security (as well as cost-cutting potential). Now a Japanese city has introduced a blockchain-powered online voting system – an area of increasing interest for blockchain application.

The Japan Times reported that Tsukuba, a hub of scientific research in Japan, declared themselves the “first in the country” to use a blockchain-based voting system – in this case, voters were choosing which social contribution projects to support. Ballots were cast via a computer display, with voters scanning their “My Number” card (a 12-digit number analogous to American social security numbers) on a reader to verify their identity. Each vote was then secured via blockchain, preventing fraudulent votes or digital manipulation. Tsukaba’s mayor, Tatsuo Igarashi, counted himself among the converted: “I had thought it would involve more complicated procedures, but I found that it’s minimal and easy,” said Igarashi.

But the voting process was not without issues. Some voters forgot their passwords, an additional security measure beyond scanning their My Number cards; it was also difficult to tell if votes had been counted. Kazunori Kawamura, a professor at Tohoku University with experience studying online voting systems, told the Japan Times that, despite relative success, it would be “necessary to first enhance [a blockchain voting system’s] reputation by using it for voting by expatriates” – once trust was built, and fear of errors alleviated, organizing bodies might find it easier to introduce to voters.

Despite the initial trepidation and missteps, more municipalities around the world are finding uses for blockchain voting systems. Residents of Zug, Switzerland were able to vote via a smartphone app secured by blockchain in a June election, using the city’s eID system for voter identification. CNN reported in August that West Virginia will be the first state in America to allow voting via smartphone app – state residents serving abroad in the military will be able to cast their ballots through an app developed by Voatz, a Boston-based company.

Concerns remain about voter fraud, especially in light of Russian interference in elections in the United States and elsewhere. But companies offering app-based voting insist that their offerings are secure – West Virginian voters are required to upload photos of government-issued photo IDs and video of their face, for example before casting a ballot; the information is then verified by Voatz’s proprietary facial recognition software, after which users can place their vote.

Blockchain voting systems are in their nascent stages, and hurdles relating to perception and efficacy remain. But positive early returns have officials and experts alike convinced that blockchain will be useful in future elections as processes are fine-tuned and kinks are worked out. A modern, more-secure way of voting appears to be here to stay.
 

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Related Tickers: JPYUSD
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.