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The application of blockchain technology in marriage records, health records, title deeds and even in voting will revolutionize how things are done. Companies have experimented with keeping records of real property on blockchain. Similarly, Votem has made important milestones in creating a trusted blockchain voting system.
"Blockchain technology provides all of the characteristics you would want in a platform that is arguably the most important part of a democratic society; it’s fault-tolerant, you cannot change the past, you cannot hack the present, you cannot alter the access to the system, every node with access can see the exact same results, and every vote can be irrefutably traced to its source without sacrificing a voter's vote anonymity. End to end verifiable voting systems will give the voter the ability to verify if their vote is correctly recorded and correctly counted, for instance, if a ballot is missing, in transit or modified, it can even be detected by the voter and caught before the election is over."
Removing the nuances from an industry and boiling it down to its essence is important when you’re an investor. Unless you’re spending your money philanthropically, you want to know the bottom line: Is this a company with smart leadership, strong intellectual property, and clear potential to scale?
It needs to be noted that blockchain isn’t just for money. The concept of an encrypted ledger, in which identities can be validated and choices made, can even be applied to rock and roll.
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Votem CEO, Pete Martin, adds that blockchain is ‘fault-tolerant, you cannot change the past, you cannot hack the present, you cannot alter the access to the system, every node with access can see the exact same results, and every vote can be irrefutably traced to its source.’
Over three months later, time is running out in order to put new voting technology and processes in place for upcoming elections in 2018 and beyond. So what election solutions hold the most promise? Many experts believe that blockchain technology offers new hope for electronic voting and even mobile (or online) voting. What actions are being taken now?
Don Tapscott, co-author of the bestselling book Blockchain Revolution, announced the formation of the Blockchain Research Institute whose founding members include: Votem, Accenture, IBM, SAP, Digital Asset, NASDAQ, PepsiCo, Centrica, Liberty Global, the Government of Ontario, University Health Network and blockchain pioneers Nuco, Paycase, Artlery, Cosmos, YouBase and WISeKey. This initial list is expected to grow and include members of governments, companies and organizations from around the world.
Votem selected as best new upstart tech firm by Smart Business!
For years, Bitcoin detractors and supporters alike have noted that the blockchain is going to be useful regardless of the success or failure of Bitcoin. Votem has found one way it could integrally change society. The biggest reason millennials did not vote was for lack of convenience, and one of the big controversies in this last presidential election was the claim that “illegal immigrants had cast millions of votes.” These problems can be eliminated through technology, and Votem seems the most promising approach at present.
Why it's important: While we continue to see bitcoin values increase, it's important to remember that blockchain enables far more than purely digital currency. Hacking aside, voter turnaround is perennially low, and well-intentioned voters face obstacles that range from power outages to transportation issues and misplaced paper ballots. Imagine the implications of removing those obstacles -- how many more issues could be opened to the public? How many highly controversial issues designed purely to encourage voter turnout would go away?
Focusing on solving the problem of securing public, private and proxy global election systems, Votem offers a blockchain-based solution which aims to give democracy back to the people by allowing them to conveniently, safely and securely participate in such electoral processes. Partnering with Votem, the Rock and Roll Hall of Fame successfully completed its Fan Vote for the Hall of Fame’s 2017 Inductees. Utilizing blockchain, Votem collected nearly 2 million global votes without software bots’ interference.
Pete Martin, CEO, and Jeff Stern, Market Intelligence Lead, Votem talk about creating a secure and transparent voting platform that voters can access through mobile devices. Using a network of trusted parties and country-appropriate authentication Votem is determined to address the needs of all voters especially Millennials who have high expectations for digital access and online voting.
In the era of advanced technology, there has to be an easier solution for both voters and the government. Take, for example, a $230,000 mobile voting challenge launched by Ohio businessman Pete Martin. Its aim is to encourage development of best-in-class mobile technologies to streamline the voting process.