Blockchain
Greenland, together with Top Universities and Concordium Blockchain, is investigating the possibilities of a blockchain-based election system in the country
Concordium Blockchain, COBRA, Aarhus University, the Alexandra Institute, and the IT University have been granted DKK 3.6 million by DIREC, to investigate how to create the best possible online voting system for Greenland.
Due to a change in the law in 2020, many Greenlanders will likely have to cast their vote online in upcoming national elections.
A group of researchers from Concordium Blockchain, Aarhus University, the Alexandra Institute, and the IT University will investigate whether a blockchain-based system will be a more trustworthy e-election on the world’s largest island.
DIREC, a collaboration between the computer science departments of eight Danish universities and the Alexandra Institute, has just granted the group DKK 3.6 million for the ambitious Privacy-Preserving and Software-Independent Voting Protocols project. The Department of Social Affairs, Labor Market and Home Affairs of Greenland is going to work closely together with the group on it.
“There are of course many advantages in an online election, however distrust and a lack of regulation ready and secure solutions has prevented the vast majority of countries from moving forward. From Concordium, a science based Decentralized blockchains with the ID at the protocol level, we are eager to participate and solve the potential problems in building online elections on our chain. In Greenland, where enormous distances make it difficult for people to cast their vote, an online solution could potentially increase voter participation, and this is one of the reasons why a change in law in 2020 paved the way for the Greenlandic government to give Greenlanders the opportunity to cast their vote online in the future.” says Kåre Kjelstrøm, CTO at Concordium.
“My goal is that we can give the Greenlandic decision-makers good conditions for deciding which system they should use to hold online elections. From a research point of view, the project can also be valuable. Technologically speaking, we are moving into unknown territory and depending on our results, you can easily imagine that the many, many countries that can see the benefits of an election will be able to use our results as well. And finally, Greenland – with its limited population and great distances – is an optimal place to start from, says professor at the IT University, Carsten Schürmann, who is Principal Investigator on the project.
Is blockchain the solution?
Bas Spitters, associate professor at Aarhus University and researcher at Concordium Blockchain Research Center Aarhus,who is internationally recognized for his research related to the verification of blockchain technologies, sees great potential in the project:
“Electronic election protocols use a kind of bulletin board, and Blockchains can be used as a private and secure bulletin board. They are already used in minor elections to ensure that voters can check that their votes have been registered correctly. In this project we will explore whether it can also be used in larger elections. In particular, we aim to verify that the protocols used to verify the votes are inaccessible to outsiders and that they are secure. In addition, in cooperation with Concordium, we must investigate whether, by integrating MitID in their blockchain, it will be possible to give voters the opportunity to identify themselves at the same time that their private information is protected,” concludes Bas Spitters.
Carsten Schürmann, who many consider one of the world’s leading experts in election technology, has previously been critical of the internet. He is, however, convinced that online voting will become widespread in the coming years and recognizes the importance of creating a trustworthy system for it, which this project can create the best possible conditions for.
“Blockchains provide some relatively new opportunities to create security and increase transparency, which can be really interesting when we talk about internet elections. With this project, we will concretely investigate how blockchain technologies can be used to curb attacks on the election process, detect technical and human errors and preserve the secrecy of the vote. We will do this by developing some protocols for a system which can be verified and which is what we call software-independent,” says Carsten Schürmann.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain Press Releases7 days ago
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases4 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain7 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
-
Blockchain Press Releases6 days agoBybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
