For the first time in history, a Presidential election has been held using blockchain technology.
Sierra Leone Conducts Historic Vote with the Blockchain
In Sierra Leone, the ballots were in the presidential election, between 16 candidates. But, behind the scenes, the blockchain voting startup Agora was responsible for keeping the votes tallied.
The process was behind this was simple enough. Swiss startup used their private permissioned blockchain, which is a blockchain that only allows specific users, i.e., the voting computer to create nodes on it. This was overseen by Agora and then transmitted to officials who are trusted to ensure the democracy is running as intended.
Sierra Leone’s is just a first step into a much larger plan to use this tech on more elections around the world. Think of this as the first official proof of concept to create a truly unbiased and decentralized democratic process. Agora is already speaking to other countries about using this tech on future elections and will eventually cut out paper ballots, instead utilizing personal electronic devices.
Eliminating Fraud and Increasing Transparency
Specifically, governments are interested in this technology because it can help eliminate fraud, but it also cuts down on the debate that surrounds heated elections. The most recent US presidential election is still dealing with the wake of and misrepresented voters and most likely will until this term is over or even longer. If the blockchain can overcome this sort of damaging election issues, expect countries to jump on it quickly.
The issues plaguing voting was exactly the reason Sierra Leone was chosen to be the first implementation of this new way of counting votes as in previous years the country has been for having corrupt elections go through.
To say this went off completely without a hitch is not entirely correct. A total of 17,745 sealed voting boxes were used in this election, and 37 of them did exhibit problems. Beyond that, there were a number of violent that occurred in the time leading up to the election, as well as other difficulties that have cropped up surrounding the proceedings.
Still, this extra layer of transparency may go a long way as all the records were put into a permissioned (or private) blockchain, with organizations like the Agora, the Red Cross, École Polytechnique Fédérale de Lausanne (EPFL), and the University of Freiburg validating the blockchain transactions. However, like a public blockchain system like , the data is available to the public. Now the tools are available for the citizens-at-large to be able to audit the election themselves, instead of relying on potentially biased party members and hearsay to make the claims for them.
has a long way to go before it is proven to be the best way for a democracy to proceed, but there is some inspiration in knowing that countries with such difficulties as Sierra Leone now have a new way to ensure their government is working for them.
You can view the preliminary results of Sierra Leone’s blockchain-powered election .
The post appeared first on .
As the paradigm of currency repositions from the era of paper money and cards to the crypto age, find out how and where you can invest; an earn-as-you-learn approach with LiveTree’s Buy In – World’s first cryptocurrency company pitch TV show.
The world has been going gaga over the reasonably new and the crypto parlance. The razzmatazz around these subjects is well-deserved given the plethora of benefits that they offer the users. However, how often do we come across the application of cryptocurrencies and blockchains in the real world? Given the limited day-to-day application of the technology and its benefits, there’s an implied inadequacy of knowledge among people. Despite articles, blogs and video content to make the public aware of the new age money, the desired results fall short of the target.
One such application of this technology is the TV’s first game show based on blockchain; The Buy In. This one-of-a-kind game show, exclusively premiering on LiveTree’s online channel – BlossomTV, will showcase world’s best uses of blockchain technology and will enable you (as a viewer) to learn, invest and have a stake in this show. The game show will provide seven aspiring ICO teams in the field of blockchain, a platform to pitch their business ideas to a panel of experts. The teams will compete against each other to win the ultimate prize of 1 million Seed token, partially owned by the audience. Spanned over five weeks, one team will be eliminated each week after being reviewed by an expert panel.
The leading companies (contestants) should not only have a promising financial potential but also be able to deliver the social impact that blockchain encompasses. The winning team will allocate 45 percent of the tokens to the benefit of LiveTree Seed owners. Essentially, Seed owners will “own” 45 percent of the winning company’s allocation, and the resulting revenues will be used to increase the value of Seed. Further, five percent of the winning team’s token will be dedicated to a strategic partner non-profit or charity of the winning team’s choosing. Once the winner is announced, their ICO will begin and you, the viewer, can then buy the winning team’s token.
So, the initiative will not only entertain and educate you but also give you a chance to earn from the winning team- own what you watch!
Apart from you, the panel consists of industry leaders and global experts who will eliminate the losing teams each week and eventually declare a winner. Evan Luthra, Andreas Achleithner, Reuben Godfrey and Jeffrey A. Tucker are Buy In’s all-star cast of blockchain and crypto experts who will head the panel. Evan Luthra, serial entrepreneur believes that “If you plan to enter the market to compete on price or produce something a little better than the competition, you’re not building a game-changing company; you’re wasting your time.” Economics editor, Jeffery A Tucker highlights the social relevance of this technology as he aptly pens down “You need some technology that compels social assent to what you regard as owned property.” The brilliance and insightfulness of this panel will help select the best winning team with tremendous scope to earn big bucks while delivering the numerous social benefits of technology.
With LiveTree as the parent, Buy In can be expected to live up to be one of the most thrilling game shows. LiveTree has proven its mark over the last two years by capturing five percent of the UK crowdfunding market (in the film and content category). It has also forged partnerships with several leading names in entertainment, including the British Film Institute Future Film, the Screen Arts Institute, Red Rock Entertainment and 20 independent organizations. A revolution in the industry, the organization is the future of creativity and talent.
With the clock ticking, adrenaline rushing and a brilliant business idea weeks away for you to invest in and earn from, Buy In is offering something that no other game show ever did. For the first time, you can have a stake in what you watch. You can ask questions, give comments, invest and even define the challenge that each ICO must complete in different rounds. With the enormous power that it places in your hand, Buy In also has a much far-reaching benefit. The show with its unique structure and delivery has the potential to educate millions about the future of technology. So, binge-watching will soon mean binge learning, isn’t that great? Buy In also has the potential to encourage brilliant minds to put their entrepreneurial spirits to work and create a business that can reap the benefits of this revolutionary technology. With such benefits at the surface, there’s also an intrinsic advantage of the game show; it creates a massive demand for LiveTree’s Seed token, making it more promising!
That’s not the only time when the Seed token earns for you. Every time the Buy In is watched on Blossom TV, and when it gets sold to a traditional TV broadcast channel, the Seed token will earn for you. Don’t keep waiting for the best ICO any longer, just stay tuned to Buy In and invest in the winning team’s ICO. The show will set your heart racing with real businesses, real investments, and real returns.
Check out the complete breakdown of The Buy In .
The Seed sale ends on March 17, 2018, hurry up and don’t miss this opportunity. Visit to participate in the Token Sale.
This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post appeared first on .
The pharmaceutical industry today plays an important role in the society’s health. Unfortunately, the industry is struggling with a lot of issues when it comes to counterfeit drugs, inefficient supply chain, unwanted business practices, and much more.The issues with counterfeit drugs are why is trying to develop a platform that helps users get access to genuine medicines through a secure and efficient platform using blockchain technology.
What is FarmaTrust?
FarmaTrust is a peer to peer (P2P) platform specially developed to prevent counterfeit drugs to be distributed. The platform is powered by which will help in restricting the supply of counterfeit medicines and avoid patients using unsupervised drugs. The platform allows customers to buy genuine and authentic drugs online across the world. The authenticity is made via the blockchain with utility tokens “FTT” which are going to be used to record tracking all of the drugs and different items.
FarmaTrust is going to use artificial intelligence technology on its platform to manage big data analysis and improve the efficiency and revenue for commercial operations of the pharmaceutical industry.
By using blockchain technology, FarmaTrust is endeavoring to resolve the challenges faced by the pharmaceutical industry. They want to revolutionize the industry by providing an effective solution in term of costs and assurance. FarmaTrust is creating a platform with the latest technology of blockchain and AI development to provide genuine and cost-effective medicines to the customers and also resolve other issues affecting the pharmaceutical industry.
What is FarmaTrust Trying to Solve?
Nowadays, the pharmaceutical industry is dealing with several problems to which the current management is not being able to cope with. Issues like counterfeit drugs, online and digital prescriptions, demand for personalized medicines, and chain inefficiencies are the significant concerns.
The Counterfeit Drugs Problem
Hundreds of patients die due to the use of counterfeited drugs.
Online/Digital Prescriptions
Today, a lot of people make their purchases online but, they end up dealing with fake online pharmacies that don’t have proper authorization and provide counterfeited or fake products.
Chain Inefficiencies
Many countries face medicine shortages due to the lack of distribution channels or inefficient supply. Unfortunately, this distorts the prices and gives way for counterfeit medicine to be distributed.
The Demand for Personalized Medicines
As the demand for personalized medicines is increasing, the pharmaceutical industry needs a secure and transparent solution that can be globally accepted.
The estimates the global counterfeit drugs industry to move over $200 billion yearly. 30 percent of medicines sold in developing countries are counterfeits, from the common ones such as aspirin, malaria, to cancer, HIV, and others. FarmaTrust believes its platform can solve much of these problems.
The FarmaTrust ICO
ICO Start Date: February 15, 2018,
ICO End Date: March 15, 2018,
Hard cap: $45 million,
Contribution Size Min: 0.1 ETH,
Total Supply: 1,000,000,000 FTC,
Investor Supply: 600,000,000 FTC,
ICO Conversion: 1 FTC = 0.0001087 ETH,
FarmaTrust hopes to bring value-added services to the pharmaceutical industry. By using the power of the blockchain technology, the UK-based startup is planning to develop a platform that helps monitor drugs products from its point of origin on to its final consumer. FarmaTrust will introduce a blockchain-based platform using AI technology enabling people to have complete control over their pharmaceutical needs.
FarmaTrust has signed a one-year partnership to address the issues of counterfeit drugs distributed in the supply chain with the Mongolian government. FarmaTrust CEO, Raja Sharif, spoke on the developments and said:
“This project is a great multinational collaboration to mix blockchain and other emerging technologies to secure and optimize the pharmaceutical supply chain. Mongolia is a great starting point. With a population of just 3 million, tracking and implementation can quickly scale on the national level. Mongolia is also important as a strategic middle point between Russia and China, two countries that have experienced large amounts of counterfeit medicine in the past.”
If you are interested to learn more about FarmaTrust project please follow the link to their .
BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.
The post appeared first on .
