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Inconclusive Election in Nigeria, What can the Blockchain do?

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As Nigeria draws closer to its 2019 presidential elections, there’s one question on everyone lips, will the election be free and fair? Like most countries in Africa Nigeria still leans on a paper centred method of conducting elections. While other parts of the world had moved on to electronic voting, Nigeria leans on manual and paper voting. It is no wonder that the governorship election of Osun state, a South Western state in Nigeria was declared inconclusive. However, can the trust of the people and hope of a free and fair election be won through a blockchain based election?
Blockchain should be considered in the Nigerian electoral situation to achieve real-time results and enhance the integrity of voting. The blockchain technology is a distributed ledger and stakeholders can verify results in real time. Also, since the blockchain is immutable tampering with results will be near impossible. The transparent and traceable nature of the blockchain can allow results to be tracked down to the very voter. Voters could thumbprint on an electronic device and have the votes automatically displayed as a number.
However, despite how great the idea of a blockchain election in Nigeria sounds numerous factors acts as a constraint.  First, the issue of electricity if an electrical device were to be used. Secondly, technology is neither good nor evil only people can exhibit these traits. How will the blockchain then be able to stop electoral violence? In the case of Osun state elections the Independent Nigerian Electoral Commision (INEC) Returning Officer (RO) for the election Prof. Joseph Fuwape declared the election inconclusive. This was as a result of Ademola Adeleke the candidate for the Peoples Democratic Party (PDP) candidate polled a 353 vote lead getting 254,698 lead against  Gboyega Oyetola of the All Progressives Congress (APC) who scored 254,345. However, the results were declared inconclusive due to disruptions, malfunction of Electronic Card Readers and over-voting).
However the question we really need to ask is how well suited is a blockchain based voting for the electoral condition of Nigeria?
 
 
 

What do you think about a blockchain based election in Nigeria? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

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Blockchain News

Cabify Explores Blockchain to Track and Counterbalance its Carbon Emissions 

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Giant Latin American ride sharing company, Cabify is set to utilize blockchain technology to make up for its toxic carbon releases.  

Vide its recent disclosure just this previous week, the company has liaised with a Valencia Spain headquartered FinTech outfit, ClimateTrade, to trace its carbon discharges in real time as it goes about its business.   

ClimateTrade runs its business by tracking the carbon fume prints of its clients’ rides and counterbalancing the carbon emissions by giving sumptuous credits on its blockchain based market platform. Ana Karen, ClimateTrade’s CMO hinted on how ClimateTrade was chosen by Cabify as a result of the latter’s substantial carbon emissions.   

ClimateTrade’s business model exploits the need to balance offsetting carbon releases and investment in sustainability simultaneously.

ClimateTrade’s CEO, Francisco Benedito, notes:

 “This alliance will provide transparent accreditation of the company’s carbon neutrality.” 

A Wednesday press release stated that ClimateTrade is set to explore the nascent technology that is blockchain from Algorand (ALGO, +2.65%).

The Press Releases highlighted that:

“ClimateTrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting.” 

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270k User Data At Risk As Australian Crypto Exchange Accidentally Sends Emails En masse 

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An Australian Crypto Market Overt dubbed BTC Markets, has by a mere twist of fate jeopardised the privacy protection of its customers by accidentally baring their personal information. This way, its users are at the mercy of phishers and identity thieves. 

Business Insider disclosed how the exchange had bared the identities (names and email addresses) of more than 270,000 users when it released emails en masse to the users all at once. 

The same mail was addressed to a set of one thousand email recipients. 

This unintended disclosure came to be due to the emails sent all at once instead of mails being sent to each user personally, or better still, opting to utilize the “blind carbon copy” feature.

Any would-be identity thief would already have access to about nine hundred and ninety nine other personal data from each addressed email.

Caroline Bowler  the CEO of BTC Market explained that: 

“all account holders were affected.” 

She continued that: 

“The email was sent in batches, rather than in bulk.”

The mails could not be reversed or cut midway once it was sent.

Although sensitive data regarding passcode, financial information were not compromised, the disclosed info puts users at risk of phishers, identity thieves, and fuels the menace of obtaining by false pretences, as potential scammers now know who and who have crypto accounts.

This unintended move brings to the fore the challenges of centralizing Crypto markets. Any error or system hack can give away non-sensitive and even highly sensitive data.

With the look of things, BTC Market has to undergo an internal evaluation and timely review so as to tighten its security. To observe necessary due process, BTC Markets will  have to register this inadvertent occurrence to the Office of the Australian Information Commissioner.

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I Didn’t Own Any Cryptocurrency Before Beam, Not Even Bitcoin – Beam CTO, Alex Romanov 

I did not have any relation or experience with any other cryptocurrency or blockchain.

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The Chief Technical Officer of Beam Alex Romanov has revealed the first cryptocurrency he ever owned. He said in the CryptoTvplus AMA Series on the 25th of November that Beam was the first cryptocurrency he owned. Not even bitcoin, he emphasized. 

He said the Beam project was the first blockchain related project he undertook. Before I started, he explained, “I did not have any relation or experience with any other cryptocurrency or blockchain. In fact, I didn’t even own any other cryptocurrency before Beam. Beam was the first cryptocurrency I actually first owned.”

This is like true for most of the team I think. We were new to this space and had to learn everything from scratch very quickly, which we did and eventually we produce Beam, Alex added. 

In the AMA session which was focused on the Beam Confidential DeFi Ecosystem, Alex also revealed the project did a hard fork in July and added a feature amongst others called Confidential Assets. 

This feature allows anyone to create a confidential token easily without special development skills. 

He also expressed his opinion on the future of the industry with emphasis on regulations as it affects privacy coins.

He said “we’ll see regulations moving forward to adapt to the new reality and understanding privacy is not something bad but something good that people need to be able to trade on blockchain”

You can watch the full session here. 

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