The blockchain claim to popularity is Bitcoin. While it may be a popular pastime, professional interest is growing as countries such as Switzerland and Hong Kong rise to prominence.
Blockchain offers a wide range of applications in the industry, and its stable and stable design that makes it robust contributes significantly to managing the volume of order in global elections. Instead, the Swiss tax office of Zug is now using the blockchain to get votes. The Zug government doesn’t just want to be a blockchain capital; it is also one of the first organizations to show interest in blockchain-based voting.
The translators have completed their first experiment, which involves people voting via their mobile phones and the city’s new electronic system. The case was concluded at the end of June 25.
“The program did well,” Fortune, Zug’s chief of staff Dieter Müller, told the Swiss News Agency. There were not many listeners but those who participated found that the whole process was simple. A technical analysis of how the test went because this is the biggest problem with electronic voting. The Holy Grail of computer voting will be a way to allow enlightenment but still remain anonymous. Some believe that blockchain might be the right answer.
Hong Kong wants to be a global sanctuary
The Securities and Futures Commission in Hong Kong (SFC) stated in its annual report that it wants to monitor cryptocurrencies and Initial Coin Offerings (ICO). The supervisor also said that the new technology poses risks so he plans to intervene if necessary. While the SFC has taken steps to make clear decisions against ICOs and local cryptos – to warn the public of potential risks – Hong Kong has continued to promote economic, cross-cutting, blockchain-based strategies. Instead, the region has gradually come to be known as a global safe haven.
As an independent Chinese state, Hong Kong works with a variety of political parties that also affect its economy. This means that the city is not as close to crypto as China. Several crypto-related traders migrated to the area after being captured by the Chinese. It was at the same time in September 2017 that Hong Kong launched the blockchain. It has a very friendly approach to the development of technology compared to China.