Japan seems to be on par with the rise of the blockchain. One proof of that is a recent announcement in which the government of the Japanese city of Tsukuba officially introduced the deployment of an online voting system powered by blockchain.
The system will enable residents to vote for social development programs and will use Japan’s “My Number” system which is basically a 12-digit social security identifier that is afforded to all Japanese residents. Knowing that Japan is among the leaders in terms of worldwide population, the density of the population in Tsukuba will finally get a system that allows them to vote securely and without obstructions.
First reported by the Japan Times, the new announcement has been already put to use for the city’s residents on local social development programs. In the test trial, voters were asked to place their My Number cards on a card reader right before casting their votes.
The role of the blockchain here focuses on the decentralized ledger, which records all of the votes and makes them immune from tampering, as the report notes. Even though he was skeptical in the beginning, the Mayor of the city of Tsukuba now seems confident about this system, and recently stated:
“I had thought it would involve more complicated procedures but I found that it’s minimal and easy.”
However, several voters forgot their passwords which left them unable to cast a vote. This is a challenge that needs to be addressed in the future. Anyways, the city of Tsukuba in Japan is definitely making a leap forward with its blockchain-centric agenda and the numerous scientific researches that prove the city’s interest in the deployment of new technologies.
Blockchain Investments Could Drop 60% This Year Due To Bitcoin: Report
Economist Nouriel Roubini Slams BitMEX For Money Laundering
“BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.”Roubini noted that ‘’crypto land has become an unregulated casino where the unchecked criminals run riots.’’ However, a paper published by the economist and professor Edgar L Feige says that the majority of the crime is financed by cash-not cryptocurrencies. The Europol and the United States Senate also prove him wrong. His attack on Bitmex was based on the fact that the exchanges are unregulated businesses. For this reason, he noted:
“Hayes has denied this, but because BitMEX is totally unregulated, there are no independent audits of its accounts, and thus no way of knowing what happens behind the scenes.”The Economist Nouriel Roubini believes that BitMEX only operates in the United States but in reality, it turns out that the exchange is not ‘’totally unregulated.’’ Every business decides to open where the laws are most convenient. This means that the exchange is not illegal and this has always been the case. There are also many companies and corporations around the world who pour money into Swiss accounts for example where there are low taxes. Roubini kept on saying that BitMEX supports up to 1:100 leverage and that these operations can be very harmful. In many cases, the clients of the exchange could end up in transactions without being aware of the risks:
“Arthur Hayes, boasted openly that the BitMEX business model involves peddling to “degenerate gamblers” (meaning clueless retail investors) crypto derivatives with 100-to-one leverage…It is little wonder that, according to one independent researcher’s estimates, liquidations at times account for up to half of BitMEX’s revenue.”As reported previously in the latest cryptocurrency news, Arthur Hayes has still not responded to these accusations.
Blockchain In Healthcare To Reach $1.7bn By 2026: Report
"The Asia Pacific is expressing the fastest growth for the blockchain in healthcare market due to the presence of huge opportunities and the presence of fastest growing economy. Japan is an important blockchain in healthcare market, with a mature market, large population, completed infrastructural facilities and high-leveled skilled labor. During last few decades, Japan has emerged as a country for the origin of new and advanced technology. The Japanese government has supported a number of companies to introduce the new technology. Japan accounts for roughly 40% of the global market for sensors, which is a central component of IoT technology," the report notes.The latest cryptocurrency news show that the rate at which blockchain is adopted is more than just impressive.
Tor Internet Privacy Project Launches BTC Donation Fund
‘’I will always remember how @BtcpayServer facilitated the #weareallhodlonaut fundraiser. Now they are powering a super important fundraiser for @torproject If you value privacy and online freedom, please consider donating!’’The official website noted that the funds which will be gathered from the campaign will go directly to the Ledger Nano S Wallet address of the project with no fees or intermediaries. There is also a video on the website which explains how Tor works and why people should use it in order to be safe on the internet. The advantage of donating in BTC is that there are no rounded up figures that you must donate so everyone can donate what they can afford. There are no banks or PayPal like intermediaries as well. The team is on their way to reach the $7,000 goal after more than 200 contributors donated to the project. Two of the contributors even donated more than a thousand dollars in bitcoin. The awareness through media exposure will also help the campaign since the compassion or this project is really high. In only one day, 65% of the target was already gathered. BitPay also tweeted a couple of hours later that a third of the donations arrived with the help of the Lightning Network:
‘’36% of donation amount via lightning network. Quake sounds played in the crowdfunding is making 10 donations of 5 USD via lightning way more satisfying than making 1 donation of 50 USD. Only possible via lightning!’’As noted in the best cryptocurrency news sites, the company is a non-profit one and relies only on donations.
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