Cryptocurrencies: South Korea to test blockchain-powered voting system next month

11:42 AM 29 November 2018

Summary:

  • Amazon introduces service to help customers with blockchain networks

  • South Korea will conduct blockchain-based voting trial next month

  • US federal agency considers using blockchain technology to track food

Yesterday’s trading in the cryptocurrency market ended quite positively. Thursday is bringing some disappointments major cryptocurrencies have experienced some losses. However, the scale of declines could be still described as slight in comparison to the previous heavy sell-off. Dash (DASH on xStation5), losing nearly a 0.8%, is among worst performing virtual currencies.

Amazon to help clients with blockchain networks

US tech behemoth Amazon has launched a new blockchain service allowing clients to avoid some costs related to creating their own blockchain network. The new platform was announced on Wednesday. As we could read on the website, Amazon Managed Blockchain is “a fully managed service that makes it easy to create and manage scalable blockchain networks”. The new solution is another part of Amazon Web Services, the company’s cloud computing subsidiary.

First hours of today’s trading has not been too gainful for Dash so far. The cryptocurrency has lost over 1%. Source: xStation5

South Korea keeps an eye on blockchain to improve a voting process

The South Korea’s National Election Commission announced yesterday that the blockchain-powered voting pilot would start in December. This trial will be conducted with a development assistance from the country’s Ministry of Science and ICT. The Commission’s currently operating online voting system, called k-voting, has gathered over 5.5 million people. However, the Koreans have some doubts as they concern about its resistance to frauds or hacking attacks. The new blockchain-powered solution may solve some threats related to transparency and security of an online voting process.

Ripple has managed to stay above its recent lows, but the rebound has been tepid as of yet. Source: xStation5

US federal agency thinks over blockchain technology

US Food and Drug Administration (FDA), a federal agency, considers using blockchain technology to track food supply chain, according to the FDA’s commissioner speaking to CNBC. The official said the agency had hired some former Walmart’s specialist as the new FDA’s foods and veterinary medicine deputy commissioner. It is expected that the new commissioner will introduce some tools to better track food supply chain.

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