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.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
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