Blockchain
US Turns to Cardano for Blockchain Voting Solution
Several U.S. states have sought the expertise of the Cardano Foundation to develop a blockchain-based voting platform. This initiative aims to enhance the transparency and integrity of electoral processes, a crucial issue as the 2024 presidential elections approach.
USA and Cardano agree on Blockchain voting
The USA gives Cardano free rein to rethink voting through blockchain
Frederik Gregaard, CEO of the Cardano Foundation, revealed in an interview with DailyCoin that several U.S. states have approached the organization to set up a voting system using blockchain.
This approach is part of a desire to make elections more transparent and accountable. Although specific details remain confidential, the Cardano Foundation is exploring the feasibility of such a solution within the desired timeframe of the concerned states.
Blockchain voting, long considered a promising application of this technology, could find an experienced partner in Cardano capable of developing a feasible solution. However, the implementation of such a system on a state scale will require more advanced technical and regulatory specifications than usual.
Technical and political challenges to overcome
The implementation of a state-scale blockchain-based voting system presents numerous challenges. Technically, it will be necessary to ensure security and the integrity of the process, while preserving the secrecy of the vote.
Politically, it will be about convincing a still skeptical public opinion about the reliability of blockchain. The success of such a project will require close cooperation between the Cardano Foundation and state authorities, as well as an educational effort with citizens.
In recent months, the Cardano network has demonstrated remarkable dynamism and a great capacity for innovation. The Cardano Foundation has notably expanded its scope of action to new areas, such as combating crime.
Thus, at the last global police summit, a pilot project developed in partnership with the Dubai police was presented. This initiative illustrates the potential of blockchain for securing the sharing of sensitive data between authorities, thus opening up new perspectives in terms of international police cooperation.
The growing interest of U.S. states in the Cardano blockchain as a potential solution for more transparent elections is a testament to the trust placed in this technology. With its expertise and dynamism, Cardano emerges as a prime partner to meet this major democratic challenge, as the 2024 U.S. presidential elections approach.
Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
Source: cointribune.com
The post US Turns to Cardano for Blockchain Voting Solution appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain
Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
TwyAe Exchange
SILEGX Exchange
-
Blockchain Press Releases6 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases5 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain5 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases5 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases4 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases5 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain6 days ago
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain4 days ago
This Week in Finance News: 11 Stories You Need to See
