The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3.
Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to the article’s author, the academy already designed a developer certification program on the firm’s Corda blockchain, meant for banking and technology professionals.
Governmental blockchain education
Per the report, KBA is the first government institution in India which offers a Corda blockchain development program. Moreover, the initiative also provides in-person training on technologies such as Hyperledger and Ethereum (ETH).
While being a hostile environment for cryptocurrency enthusiasts, India has been more open towards blockchain. It was, for instance, recently reported that the government of the Indian state of Maharashtra is preparing a regulatory sandbox for testing blockchain solutions across various applications.
R3’s broader work
The Financial Times wrote that many banks in Kerala have already started the implementation of the Corda platform into their core banking systems. According to the article, R3 leads more than 300 organizations working to develop distributed systems for use in fields such as insurance and financial services.
As Cointelegraph recently reported, the development of R3’s enterprise blockchain platform Corda was being plagued by fundamental disagreements over its core vision, causing frustration and delay.
India Wants to Build Blockchain Platform to Improve Electoral Process
One of the biggest surprises of the year is India’s apparently gradual road back to embracing cryptocurrencies and blockchain technology.
The country, which is the third-largest economy in the world, has held out against cryptocurrencies in the past, with the government directing commercial banks across the nation not to do business with companies in the crypto space. However, several activities across the nation have indicated that the Modi administration might be getting ready to switch its stance- even if a little bit.
India’s Arduous Voting Process
Recently, India TV News reported that the Indian Election Commission has collaborated with the Indian Institute of Technology Madras, one of the country’s top technical institutes, to develop a blockchain-based voting system that will help to increase voter turnout. According to the report, the new platform is in line with the government’s mission to help improve the integrity of elections- a problem which the government is deeply disturbed about, in ensuring free and fair elections.
Besides being the world’s third-largest economy, India is the most populous nation in the world, with 1.3 billion registered citizens. In last year’s elections, the country had 900 million eligible voters- a number that roughly represents about an eighth of the world’s total population. India’s elections have been seen by many as the largest exercise in democracy in human history.
However, the sheer number of registered voters is just one of the main problems India’s election faces. In the country, polling stations need to be set up everywhere- in the country’s rural Westward cities, the Southern coastal region, and in the jungles that form its eastern border. Every Indian citizen is expected to be within 2km of a voting station. The ambitious project means that India has an election month- unlike other countries that have just one day (or, in the most extreme cases, a couple of days).
Blockchain Will be Part of Democratic History
With the blockchain platform, however, it could all change. As the news source explained, the platform will be a two-way blockchain remote voting process that will require voters to be present at a predetermined venue. Once a vote is cast, a smart contract is executed, and the ballot will be encrypted. A blockchain hashtag is generated in this process, and candidates- along with their political parties- will get notified.
Senior Deputy Election Commissioner Sandeep Saxena also commented on the increased convenience that this platform could provide. “Suppose there is a Lok Sabha election, and a Chennai voter is in Delhi. Instead of returning to vote in his or her constituency or missing out on voting, the voter can reach a predesignated spot set up by the EC, say in Connaught Place, in a particular time window and can cast his vote,” the election commission boss explained.
As for the prospect of cryptocurrencies gaining entry into the country, the case is still being debated. The Internet and Mobile Association of India (IMAI) is currently in the midst of a legal battle with the Reserve Bank of India (RBI) over last year’s ban on banks serving crypto businesses.
HashCash’s Blockchain Fights Fake News With Blockchain Integration
- HashCash Consultant enables enterprises and commercial bodies to move assets and settle payments across borders using Blockchain Technology in real-time.
- HashCash will not only be addressing news related to blockchain but basic news and information which suffers the same agony.
- Fake news is one of those topics on which constant Buzz is happened to be around and even you want to desolate from the news.
HashCash Consultant enables enterprises and commercial bodies to move assets and settle payments across borders using Blockchain Technology in real-time. HashClash is a US-based digital asset exchange and global software company. It also runs Paybito and digital asset payment processor, Bill Bitcoin.
It has been one of the front runners in the Blockchain development and now it is focusing on the key issues which in the blockchain industry. The major problem is fake news which is the most debated issue in the panel and crypto ecosystem and polluting it for the newcomers to sustain in the market.
HashCash will not only be addressing news related to blockchain but basic news and information which suffers the same agony.
To fight against this issue HashCash Consultants has partnered with a global media company that believes that by doing so it can at least have their contribution in the most debated news to get clean and provide their say in the authenticity of the news.
The world where the tracking of the news source is very much impossible and not sure if the news is authentic which is in mass consumption can lead to serious damage to commercial companies and the market.
Fake news is one of those topics on which constant Buzz is happened to be around and even you want to desolate from the news. fake news is slapped on your face any time and there is no end to it and you will not bother to even check it before consuming.
Recently in the informational age, the circulation of information is carried in a speed of light and the technologies are constructing themselves to morph and provide equally fast hardware and software to compete.
With technology, content is also morphing themselves to be more interesting and nothing beats the fake news in getting viral than authentic ones.
Hash cash’s news collaboration project aims with the global media house is to address all the above issues through the integration of blockchain. The partner company will be using HC Net to record authentic and real news feeds Visuals and photographs.
Every news will be geographically tagged and cryptographically signed with a timestamp to authenticate and easily trace back to its origin.
This will provide transparency and trust in the authenticity of the news and being stored in a blockchain simply makes it indestructible with no alteration window will be provided in it.
Electoral Process In India To Be Furthered Thanks To Blockchain
- Blockchain is no longer limited to just cryptocurrencies like bitcoin.
- Blockchain is being used in several different industries on many different pilot projects on a global scale.
- The Election Commission of India is utilising blockchain technology for its voting system.
Blockchain is no longer limited to just cryptocurrencies like bitcoin. Blockchain is quickly becoming unravelled as this technology has been used in several different industries on many different pilot projects on a global scale.
The Election Commission of India has teamed up with the expert engineering college, IIT Madras in order to work on utilising blockchain technology for its voting system. This is being done in an effort to increase the turnout for voters. In India, over 84% of people migrate from one state to another.
Going along with this collaboration is the people who have the right to vote that live outside of their home constituencies. They will be able to cast their votes without going to the polling station. The Senior Deputy Election Commissioner, Sandeep Saxena has explained how blockchain will be utilised in its development stage:
“[the project is a] two-way electronic voting system, in a controlled environment, on white-listed IP devices on dedicated internet lines, enabled with biometric devices and a web camera.”
On top of this, the so-called “two-way blockchain remote voting” system will essentially require the voters to be there in the designated venue at a predetermined period of time. In order to make use of this facility, voter identification and authorisation will be necessary. Following this, the establishment of a personalised e-ballot paper fueled through blockchain will be created.
After a vote has been made, a smart contract will be then sent off. The ballot will then be securely encrypted and a blockchain hashtag will be generated from this. Such a hashtag will be received by the candidates as well as the political parties themselves.
Saxena further went on to say:
“Suppose there is a Lok Sabha election and a Chennai voter is in Delhi. Instead of returning to vote in his or her constituency or missing out on voting, the voter can reach a predesignated spot set up by the EC, say in Connaught Place, in a particular time window and can cast his vote.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!