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
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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