Voting blockchain capital
The U. Consequently, a number of academics [5] and practitioners, including several SEC commissioners, [6] expressed an interest in exploring whether blockchain technology could provide end-to-end vote confirmations by enabling market participants to trace share ownership to the ultimate beneficial owner and bypass the layers of intermediaries. But while blockchain technology may work in certain cases, it probably will not be the panacea that its proponents expect. Reliance on blockchain technology presumes that the aforementioned problems are primarily a function of existing technology. In addition, while blockchain technology could facilitate end-to-end voting, investors would have to hold custody of their own tokens [7] and, for a number or reasons, many investors will not. Due to the complexities of safeguarding private keys, and the severe consequences for failing to do so, many token holders have relied on centralized exchanges or third-party custodians to hold their tokens and, absent better key management technology, there is little reason to think that this trend will change.
We are searching data for your request:
Voting blockchain capital
Upon completion, a link will appear to access the found materials.
Content:
The Nascent Market of Security Token Offerings
Subscription-based services, embraced by the software industry as an alternative to traditional models of selling product, provide a steady income stream to providers. Software-as-a-Service, along with the related Platform-as-a-Service, Network-as-a-Service, and Infrastructure-as-a-Service models, provide benefits to customers by shifting maintenance responsibilities to the vendor and exchanging large capital expenses for lower subscription fees.
Following in the footsteps of the software industry, capital equipment manufacturers are beginning to adopt Machine-as-a-Service "MaaS" models, providing manufacturing equipment such as Computerized Numerical Control "CNC" machines or automated manufacturing systems on a subscription basis. Unlike a traditional leasing model with a fixed monthly or weekly payment, customers may make MaaS subscription payments based on usage or outcome, such as monthly payments based on the number of units produced.
Asset tracking is crucial for running a successful MaaS-based business. Vendors may collect operational data from manufacturing machines, including hours of operation, units produced, and operating efficiency statistics or faults and use the data for both pricing calculations and maintenance purposes such as identifying when preventative maintenance operations should occur.
Blockchain may collect this data directly at the machine through integrated sensors to provide the parties with an immutable operational record. By utilizing blockchain technology, both the vendor and user can feel confident that operational numbers are accurate and secure. In some instances, companies may use smart contracts based on data recorded to the blockchain to automatically execute arranged payments as manufacturing thresholds are reached. Companies can use smart contracts to automatically schedule maintenance for deployed MaaS machines.
Because updated data and statistics for each machine are recorded to the blockchain ledger, companies can automatically monitor the performance of each machine. If efficiency degrades or other faults occur, a smart contract can dynamically generate a service request.
For fee-based service agreements, smart contracts can also automatically process payments. A blockchain ledger provides a permanent and immutable record of maintenance history for the machine, which potential purchasers may find valuable when the vendor sells used capital equipment.
Because each maintenance record is written to the ledger with a timestamp and that timestamp is encoded into each subsequent block , a bad actor would have difficulty faking records in case of missed maintenance windows. An end user may not want all of the available capabilities provided by a particular machine. Conversely, if they cannot afford the capital expenditure, some customers will purchase less advanced equipment or equipment lacking desirable features.
This may result in lower overall productivity and quality. Under a MaaS model, a vendor may deploy their most advanced machines to clients with one or more features disabled. Because the machines are connected to blockchain nodes for recording performance data, smart contracts may also be used to push configuration changes back to the machines. For example, a client may dynamically elect to enable a particular feature, and a smart contract will automatically process a payment or increased subscription fee and trigger the configuration change for the corresponding machine.
When considering adopting a MaaS model supported by blockchain, companies will need to evaluate the accompanying legal issues, such as:.
Because many decisions are made upfront for the structure of a MaaS model, and such decisions are executed by smart contracts, the parties will need to consider how to address changes to agreed-upon contract terms. For example, if a machine requests service but the customer would rather defer maintenance, this cannot be accomplished without cooperation from the vendor, as the maintenance is automatically ordered.
This is an important consideration because customers likely will want to have the final say in requesting service as the payor, but the vendor will likely have service requirements that it will prefer to be automatically triggered. The parties will need to pay attention to whether a smart contract housed on blockchain has been programmed to be flexible or inflexible for tasks such as ordering maintenance.
Export Control. While dynamic configuration management can deselect certain features on a machine that is supported by blockchain, the parties will still need to comply with export control regulations and ensure that controlled technology is not being exported to a foreign country in violation of export control laws.
Under current export control regimes, licensing authorities will evaluate the full capabilities of exported machines. The authorities are unlikely to grant licenses to export machines containing controlled technology that is not enabled, simply because a recipient could take steps to enable that technology.
Unless capital equipment manufacturers program the blockchain solution to completely disable controlled functionality, it is unlikely that licensing authorities will relax export control regimes based solely on the adoption of a MaaS model. Manufacturers and customers looking to avail themselves of MaaS arrangements must make clear to the FTC, and to policymakers writ large, that these arrangements are outside the scope of anticompetitive behavior that the July executive order is looking to prevent.
Uniform Commercial Code. The manufacturer should consider whether to re-characterize the lease as a sale with retention of a security interest, particularly if the customer has a right to purchase the machine at the end of the term at a price that is reduced by all or some portion of the payments already made.
Walsh et al. He is a former chair of the Finance Practice. He provides strategic advice to his clients regarding the acquisition, transfer and enforcement of intellectual property rights and counsels them regarding their business operations in the face of adverse intellectual property rights.
He assists in the preparation of infringement and patentability opinions, and has drafted international patent filing strategy for a Fortune multinational corporation, including analysis of filing patterns of leading industry competitors.
Rose also Michael J. Walsh, Jr. Commerce Department, and he also performed the duties of the General Counsel since August In this role as Chief Legal Officer, Mike oversaw more than attorneys and was responsible for all legal matters within the Department.
He also served as the senior advisor to the Secretary of Commerce on the most Eugenia Jenny Y. Jenny has previous experience in civil litigation as well as the defense of employers and insurers in administrative law cases, with an emphasis on worker's compensation law. Skip to main content. New Articles. Lazzarotti and Kimya S. Chine and Heather S. Roberts and Daniel J. Bergeson and Carla N. Hutton Common Ground? Lazzarotti and Jason C. Rathke and Ludmilla L. Beezley and Gabrielle A.
Offshore Wind Conenello and Nathan C. Macfarlan and Ankur K. Gumushian and Justin M. Hansen and Tulio D. Michael Showalter and Helenka B. Morgan Healthcare Conference Jones, Jr. Article By. Emory Ireland. John D. Daniel Rose. Walsh Jr. Eugenia Wang. Kathleen E. Manufacturing Industry Advisor. All Federal.
Tuesday, January 18, Related Legal Headlines. By Kathryn M. By John W. Batteries, Batteries, and More Batteries. By Jeffrey A. By Mintz. About this Author. Ireland has more than 40 years of experience representing clients in: Sophisticated financing transactions Loan workouts and bankruptcies Derivative transactions Senior Counsel. Special Counsel. While in law school,
Blockchain and the future of proxy voting
Elections are a symbol of hope and freedom, and the right to vote is an expression of belonging and of having a voice. We trust our electoral systems to preserve an immutable record of the voices we have raised, and the choices we have made. Free and independent elections stand as recognition of our humanity. A lot of people were killed.
The San Francisco Examiner is getting a new look.
Nearly eight in ten of respondents in Zug welcome e-voting secured by blockchain technology. The report highlights the benefits of decentralized voting, outlines the underlying architecture of the blockchain-based system and analyses the experience of residents who participated in the vote. More than people in Zug have a registered digital ID and were eligible to vote on the platform, and nearly responded to the survey carried out by the City, following the blockchain-based municipal vote on June 25 and July 1. Despite the high level of approval amongst residents, some remain skeptical about the security of e-voting. The voters praised each element of the voting solution built by Luxoft, from verification to the use of private keys. Many voters noted that not enough had been done to raise awareness of the voting trial to boost participation. Residents therefore accept that the option to vote by mail in addition to e-voting is still needed today until further progress is made. This is a platform that makes it easy for people to interact with blockchain on an everyday basis. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.
How a 12-year-old boy developed an NFT voting platform for the Philippines
But it wasn't until Wednesday that the group, an organization known as PleasrDAO , came forward as the buyer. The announcement was a pleasant surprise for the crypto community, earning headlines in mainstream media outlets. PleasrDAO isn't new to the world of rare collectibles, and already had a portfolio full of multimillion-dollar assets. But what makes PleasrDAO's purchase stand out is that while it may seem like a typical investment firm, it's not. Like its name suggests, it's a decentralized autonomous organization, or DAO, and it runs on blockchain technology.
Can blockchain save the vote?
Voter confidence is of paramount importance to establish a clear corporate governance system. The traditional methods of conducting the e-voting process do not establish a strong voter confidence due to limitations such as:. Electronic voting machines have been viewed as flawed, by the security community, primarily based on physical security concerns. Anyone with physical access to such machine can tamper with the machine, thereby affecting all votes cast on the aforementioned machine. Download our Case Study to know how, NSEIT experts helped set up a highly transparent and clear corporate governance system by ensuring a real-time immutable trail of activities. Schedule a meeting with our specialist to learn how our services can transform your business.
What is blockchain-based e-voting?
Main objective of the operation: Create job opportunities by promoting business competitiveness. The project wishes to implement the breakthrough idea of Crypto-Voting through the use of two connected one-way pegged sidechain-style blockchains: one to register voters and register their votes and another for counting the votes allocated to the various candidates. Crypto-Voting is the innovative integrated electronic voting system that Net Service S. The objective of the Crypto-Voting project is to study and develop a new electronic voting system integrated with one or more electoral event management procedures system set-up, credential distribution, voting, ballot collection, preference counting, publication of the results, etc. The system, previewed in Seville, within the IC3K September framework, will manage operationally three distinct phases of the process:. The e-voting system based on Blockchain technology. Unione Europea. Media Gallery.
Last Name. Share this page. Follow Ballotpedia.
Brock Jeffrey Pierce born November 14, is an American entrepreneur and former actor known for his work in the cryptocurrency industry. He was an independent candidate in the United States presidential election. Pierce was born in Minnesota and appeared in commercials as a toddler. Pierce reprised the role in D2: The Mighty Ducks.
Vitalik Buterin, co-founder of Ethereum, a blockchain platform, shared an article on the threat posed by blockchain voting to democracy. Although blockchain seems to be ideal for voting, some security experts have warned that any form of online-based election system could be susceptible to attacks. Critics of blockchain voting protocols state that blockchain is the wrong software tool to run elections as the trust properties it provides is not suitable for the properties needed for voting. Further, software generally cannot be trusted to run elections because of the high probability of bugs and attacks. Likewise, a blockchain voting system was identified to have been hacked a month ahead of an upcoming election in Moscow. Balaji S.
The state first used the app, called Voatz, in two of its 55 counties during the May 8 primary election as a potential solution for deployed members of the U. Following four different independent audits verifying the votes submitted over the app, Secretary of State Mac Warner offered it to the rest of the state ahead of the Nov. Twenty-four counties will now offer the Voatz app as a way for their residents living abroad to cast absentee ballots.
There are no comments yet.