NYT on the Blockchain’s Many Uses

Today’s New York Times features a report on the many uses of blockchain technology, which underlies Bitcoin, that go beyond financial transactions.

This brings new public visibility to a point we’ve highlighted for some time.

Though not mentioned by the Times, one exciting non-financial application of the blockchain could be secure online voting, which is not possible through conventional Internet technology.

Secure online voting could be a key factor making a global democracy technologically and logistically feasible.

Here’s the Times:

The blockchain, [entrepreneurs] say, could ultimately upend not only the traditional financial system but also the way people transfer and record financial assets like stocks, contracts, property titles, patents and marriage licenses — essentially anything that requires a trusted middleman for verification.

The Times story also includes a pretty good basic description of the blockchain and what it can do.

Once again, the blockchain by itself isn’t the whole answer to enabling online voting, but it could get us over a couple of big security hurdles that have been insurmountable until now.

Please consider donating to support One Global Democracy here. You can also make a tax deductible gift, in dollars or in bitcoin.

Sign up to “Get Updates via Email”, at the top right of this page, and “Like” us on Facebook.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: