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.
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"We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that's really going to change the landscape of cross-border payments."The reports also show that the Blockchain World Wire provides support for about 50 currencies currently, for payments in about 72 countries around the world. This method makes possible for taking out the intermediary between legacy bank settlement systems with the help of the XLM token because of its immutability and its efficiency as a decent settlement instrument between institutional players. Lund further emphasized in an interview about IBM’s issuance of the settlement asset:
“Our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.”
Korean IT Conglomerate Kakao Integrates Crypto Wallet For 44 Million Local Users
“Following the integration of Blockchain Keystore on Samsung, the integration of a crypto wallet by Kakao, which is used by the majority of messaging app users in the nation, is expected to expand blockchain services and usage.”Kakao is estimated to have raised about $90 million for its blockchain network Klatyn development and the integration of the crypto wallet is another way to expand and introduce the network to the public. The executives from the industry said that Kakao Talk will be ‘’used as a crypto wallet’’ and will enable users to run multiple blockchain applications but to also send, receive and store cryptocurrencies. One of the executives said:
“Kakao needs a cryptocurrency wallet for users of Klaytn and the best way to roll out the service is to integrate a crypto wallet into KakaoTalk, which over 80 percent of the population of South Korea use to communicate.’’Issuing a public promotion by Kakao is really important for further mainstream adoption. With Samsung and Kakao issuing their own wallets, Korea is among the top countries that will easily make a DLT disruption. If Kakao moves ahead with its plans to integrate the crypto wallet in a messaging app that nearly 10 million users use it in South Korea alone, the most used device in Samsung Galaxy S10 and the messaging app will have native support for crypto. There still hasn’t been an official confirmation from any representative at KakaoTalk. Currently, the sentiment for launching a crypto wallet by Kakao is positive and local investors show optimism for initiatives of this kind that will hopefully lead the country to be the leader of blockchain and crypto development.
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- Ledger Nano S Wallet Receives First Level Security Certificate From French ANSSI
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- Korean IT Conglomerate Kakao Integrates Crypto Wallet For 44 Million Local Users
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