certify
Home arrow Article arrow Article Detail

Winning Big in Blockchain - Switzerland and Hong Kong

Profile Image

Shivangi Mujumdar Follow

INDIA

Jan, 18 2021

Jan, 18 2021

likes | comments 0

Article Image

Blockchain's claim to fame is Bitcoin. While it's going to be its most well-known application, the interest in the technology continues to expand as countries like Switzerland and Hong Kong are becoming onboard. 

 

Beyond Bitcoin 

 

Blockchain offers a mess of applications across industries. The immutable and decentralized nature that makes it virtually robust poses a great advantage in handling a big amount of knowledge during nationwide elections. The Swiss country of Zug is currently performing on using blockchain to log votes. The Zug municipality isn't just keen to become a blockchain capital; it's also among the primary administrations to special interest to inaugurate blockchain-based voting. 

 

The premiere was a hit- Fortune quoted Zug communications chief Dieter Müller told Swiss press agency. There have been not as many participants, but those that took part found the whole process easy. Technical analysis of how the trial went next as this is often the foremost common issue with electronic voting. The grail for electronic voting will be a system to permit auditing but will still preserve the anonymity of people. Some believe that blockchain might be the proper answer. 

 

Hong Kong's Securities and Futures Commission (SFC) said that they should watch cryptocurrencies and Initial Coin Offerings (ICO) closely in their annual report. The watchdog also noted that the new technology brings in risks to decide to intervene if necessary. While the SFC has taken steps to make more defined policies against ICOs and native cryptos - warning people about the possible risks - Hong Kong has also continued nurturing financial, cross-border initiatives supported blockchain. The region has been steadily gaining a reputation as a world blockchain hub. 

 

As an autonomous territory of China, Hong Kong operates with a separate form of government that also extends to its local economy. This suggests the town doesn't approach crypto in the same way that China does. It's a comparatively friendlier position towards technology in comparison to China.


likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Nasdaq to Launch Crypto Custody Services by End of Q2

According to a story that was published on Friday by Bloomberg, Nasdaq (NDAQ) is planning to launch its cryptocurrency custody services by the end of the second quarter..;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.