Lis 02

Expanse Launches Demo for New Blockchain Voting Platform

Source: bitcoin

expanse

The Expanse Project has announced the development of a blockchain-based voting platform, which, according to developers, has “the potential to change the dynamics of future elections.”

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

Expanse Wants to Take Voting to the Blockchain

According to a press release, this new project will provide voting services secured by an immutable blockchain. By virtue of the blockchain technology, said the Expanse team, their voting protocol will store voting data forever in a tamper-proof manner that is accessible across the globe.

This platform reportedly makes voting easier, while making it harder to get away with voter fraud.

As stated in the press release: “If anyone were to cheat, that cheat would also be recorded on the blockchain to ferret out later,” suggesting that fraudulent voters would have no way to conceal their crimes.

If the voting system functions as advertised, it would bring a significant overhaul to the current voting mechanism in most developed, democratic countries, which have been the subject of criticism as of late — especially in the U.S.

“The current voting systems people use are archaic and have absurdities like ‘hanging chads,’ with people counting and recounting.” said Expanse co-founder and lead developer Christopher Franko.

“The [election] results continually come into question, and all indications are that the results of this year’s U.S. presidential election will be particularly dubious.”

Keeping the 2016 presidential election in mind, Franko speculated that the U.S.’ current political situation provides an opportunity to tout the benefits of blockchain-based voting.

“Election night is coming soon for the U.S.,” he said, “so now is a great time to talk about the advantages of voting using the Expanse blockchain.”

Developers have released a demo version of the voting platform so people can get a feel for how blockchain-based voting might work in a real-world implementation. As development continues and the service becomes more functional, the Expanse team plans to add an identity system to make real voting scenarios using the technology more plausible.

 What do you think about the Expanse project? Let us know in the comments below. 


Images courtesy of Expanse.

The post Expanse Launches Demo for New Blockchain Voting Platform appeared first on Bitcoinist.net.

Expanse Launches Demo for New Blockchain Voting Platform

Share
Kvě 16

The DAO Becomes The Largest Crowdfund To Date

Source: bitcoin

DAO

The programmable token Ethereum and its blockchain have been breaking the mould ever since its pre-sale was announced back in July of 2014. It launched with its initial sale in September of the same year and raised over $18.3 million USD becoming the sixth largest crowdfund to date. Following the exponential growth of Ethereum, developers who help maintain the community and Ether protocol have created a decentralized autonomous organization called the DAO.  The platform is built to support fund Ether projects and has recently skyrocketed past the Ethereum pre-sale becoming the biggest crowdfund ever raising a whopping $119 million so far.

Also read: Bitcoin Price Stagnates, What Happens Next?

The World is Changing. The Ethereum DAO Hub What is it?

The decentralized autonomous organization known as the DAO is no more than code that runs a structured governance platform. The beginning of this concept is truly mesmerizing to many as it’s one of the first times this type of infrastructure has been built using the Ethereum blockchain. A DAO is not run like your typical company or large corporation and allows the initial steps of decentralized transparency to take hold with this type of organization. The framework behind the DAO was implemented by the Slock.it the team is well known for working with IoT solutions using Ethereum.

For seventeen days now the DAO sale has been growing big and is making headlines all across both crypto-based media outlets and with mainstream news as well. When it approached the landmark $100 million point, the project became one of the most powerful organizational frameworks based on only code. The hub of the DAO is a series of smart contracts constructed on the Ethereum blockchain and anyone who has invested in its native token has voting power within this newly created system. In the corporate world rules are governed by executives, investors and outside entities which are often found to be quite fallible. Without explicit agreements, these operations can falter to the wayside and manipulate the interests of common investors. However with the spawning of the Ethereum-based decentralized autonomous organization its activity, rules, and voting is determined by the contracts written with the Solidity programming language.

Ether the digital fuel that powers the Ethereum network is also used by the DAO for its functions and operations. When someone wants to start a project and fund it through the DAO, it initiates a “Creation Phase” in which all rules are executed by code. The protocol stores the Ether and native DAO tokens within its framework but “requires a ‘Contractor’ to build a product, write code or develop hardware.” All DAO token holders can become a Contractor and submit a new project but it must be approved for it to initiate a smart contract proposal. The projects white paper states:

“Such smart contracts can be parameterized and enable a DAO to interact with and influence the project it chose to support.” — DAO Hub’s White Paper

What Will Decentralized Autonomous Organizations Do For Society?

The implications of the DAO is pretty huge as it’s a very new concept that undermines the need for third party entities. Many facets of society could use this model and it could reinvent the very mechanisms of infrastructure we rely on. Concepts such as newly formed voluntary governance structures based on actual consent and voting of the participants. A DAO like architecture could remove the current oligarchic system run by a small minority of fallible humans and reform it into a framework based on code and self-executed smart contracts. For the most part, contracts make the world operate but are riddled with costly and needless third-party arbitration such as lawyers, accountants, and board members. The father of smart contracts Nick Szabo once said, “I argue that the formalizations of our relationships — especially contracts — provide the blueprint for ideal security.”

Alongside the change of governance corporate entities could also rebrand into a decentralized autonomous organization as well. It would cut costly overhead that comes with hiring attorneys, massive amounts of paperwork, and logistics that can take weeks to settle. The existing system is quite cumbersome and has been for years; with the introduction of a DAO protocol/community society’s idea of hierarchical roles of importance vanish. Blockchain and digital currency enthusiasts are starting to believe the DAO architecture could replace these traditional corporate models. However, it remains to be seen whether or not it actually will work.

The crowdsale is doing very well but the model actually operating and doing what it’s supposed to is another story for the future. It is just the beginning stages of the popularity of the DAO concept taking hold. Other innovators within the digital currency and blockchain space have also been working similar concepts. Projects such as Swarm, BitNation, and Expanse are others who have dabbled with the idea. Some have discussed the idea to great length and some have initiated their own formations of a DAO as well. There are those that feel the project has room for improvements concerning the current and popular Ethereum DAO. Bitcoinist spoke with BitNation’s Susanne Tarkowski Tempelhof and she gave her opinion of the DAO introduced by the Slock.it team saying:

“I’m tremendously excited about the remarkable achievement of The DAO, it sets a successful precedent for all of us to operate in a post-centralisation world where only a few powerful entities, may it be banks, governments, or venture capitalist funds, could tell us how to live and operate. Although much writing and ideas been circulating about it for years, in my opinion, The DAO seems to be the first ones to have brilliantly popularised and implemented it (at least as far as the crowdsale and GUI goes), which is definitively a game changer in this space. When Slock.it first released their code on GitHub, and on various Google doc’s, I jumped on it, like a kid with a new bike, realising it could be a framework for Decentralized Borderless Virtual Nations (BDVNs) – but with some modifications, namely, the removal of democracy. Why remove democracy, one might ask? Isn’t democracy the beacon of all freedom? No, democracy is the rule of the majority, mob rule, stripping away people’s rights —— simply because they happened to be outnumbered. Alexandre Van de Sande, the fantastic MIST developer, and I sat down in January in Rio discussing the pros and cons of a democratic organisations, and how to deploy the Ethereum DAO code in the DBVN context. The rational conclusion to draw from it, is that different organisational types suits different personality types. And that’s the beauty of The DAO. They set a precedent, just like Bitcoin, that everyone can follow, or fork, and make their own. Just like we’re doing with our Virtual Nation, who we hope will operate in compatibility and computability, with The DAO, and the DAOs it will empower. The future is very bright, indeed.” — Susanne Tarkowski Tempelhof Founder & Chief Unicorn of BitNation 

The world is seeing a whole lot of new ideas and concepts such as decentralized autonomous organizations, permissionless cryptocurrencies, and architecture built with smart contracts are growing more popular every day. Society’s norms are changing with each new technological step towards a free market and a DAO is one of these steps. Surely there will be more but Ethereum’s current model is proving to raise eyebrows with its immense funding of capital. Now all that remains is putting the code to the test.

What do you think about decentralized autonomous organizations and the current Ethereum DAO version? Let us know in the comments below.


Images via the DAO Hub website

** Disclaimer the spot price of Ether also will determine if the project continues to hold the #1 crowdfund spot.

 

The post The DAO Becomes The Largest Crowdfund To Date appeared first on Bitcoinist.net.

The DAO Becomes The Largest Crowdfund To Date

Share
Úno 22

Expanse dApps Project Soars to New Heights

Source: bitcoin

Expanse

The Expanse Project is a decentralized applications blockchain project that “enables a stable, borderless technology future featuring a flexible DAO, powerful dApp tools and community collaboration. Recently, Expanse released its 2016 roadmap, detailing its plans for new features and innovations. Additionally, Expanse trading volume soared to record highs on the Poloniex exchange, surpassing $2.7 million in trading.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the companies Bitcoin PR Buzz represents and is not responsible for the products and/or services of the companies represented by Bitcoin PR Buzz. 

Expanse: Decentralize Everything

Expanse prides itself on its decentralization, stressing that no single individual or group controls the platform. Instead, Expanse users themselves control the project through the use of smart contracts and blockchain technology. Any changes within the Expanse ecosystem are voted on by the users, “including new features, integration and core modifications of the Expanse platform.” Any and all changes are implemented “according to the collective opinion of the community.

Currently, the Project’s developers want to stress Expanse’s applications to “borderless governance services.” With smart contracts and blockchain recording, this platform can provide “rights management, notary, marriage registry and contract directories.”

The desire to decentralize government services has led the Project to grow into a large community. Lead Developer Christopher Franko said, “Expanse grew from a small team with a powerful idea into a complex, self-contained community. You can think of it as a decentralized, global political system without borders.”

The development team stresses the fact that any kind of organization can use the Project’s tools to integrate the power of the blockchain into their businesses or causes. According to the team, “businesses, charities, organizations, and even governments can use Expanse’s array of organizational tools to leverage and utilize the massive power of smart contracts on the blockchain.”

Project Manager and Co-Developer Dan Conway added to this statement, saying that, “we are developing several dApps and toolkits to make use of these features as easy and intuitive as possible. Whether a legacy organization. . .or an entirely new decentralized autonomous company living on the blockchain, Expanse facilitates bringing your organization into the distributed era.”

This Project relies heavily on community involvement, rather than the work of the small team of main developers. Franko urged people to learn about the Project and contribute to its progress, saying, “we very much believe in the borderless technology, community cooperation and open source projects provided by the Expanse platform. If you are curious about Expanse, please join our Slack.com team and get involved.

Among other features, the Project’s main developers will release a “newly enhanced” GUI wallet in the second quarter of 2016.

About Expanse:

To learn more about Expanse, please go to h, join the team chat at h, read the blog at, or visit the Facebook page at

Anyone can also follow Expanse on and

To trade Expanse with Bitcoin please go to:

About Borderless.tech

For more information about Borderless.tech, visit www.borderless.tech.

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

The post Expanse dApps Project Soars to New Heights appeared first on Bitcoinist.net.

Expanse dApps Project Soars to New Heights

Share