Home / Bitcoin / PR: Verifier – the Idea of Using Blockchain to Verify Elections Is Not New

PR: Verifier – the Idea of Using Blockchain to Verify Elections Is Not New

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The validity of presidential elections has been in doubt in numerous cases. What’s more, one of the most high-profile cases – the US presidential election – has not yet fully played itself out.

Perhaps this is why the election observer organization National Public Monitoring (NOM) has decided to store data on 100 thousand independent observers in a single system during the Russian presidential election. And they will be using blockchain to do it.

Just pick up your phone

How this kind of “verification” will work is rather simple: observers will simply be using their cell phones. The specialized app Verifier will be used to record any violations observed at a given polling place. All photos, videos, and other evidence of processes not in line with regulations will be publicly accessible on the nom24.ru website.

After being added to the system, the data will be stored and backed up for confirmation on the Verifier network, with submissions of not just the protocols, but also images (photos) of them.

While this project will be the first of its kind specifically in election investigations, it is based on a conception of authentication that is already being developed by several startups.

Not a new idea

Until recently, the market offered just one service, identity verification. But now, certain companies are making it possible to officially confirm not just identity, but also any event, using a decentralized network of verifiers (DNV).

That is the kind of service offered by Verifier. In effect, anyone can become a verifier after passing through a system of filters. This system will include an elimination round, training, knowledge assessment, and testing. In the end, a specially trained agent will be able to quickly verify a client’s identity, attest to the condition of a property or vehicle, confirm the completion of a transaction with a specified deadline, or certify the validity of an election.

“No election has ever been held without doubts being raised about its transparency,” notes Verifier founder Dmitry Nazarov. “Blockchain gives us the chance to solve this problem once and for all.”

About the project

The blockchain service Verifier is based on the secure transfer of data within the system, using a chain of linked transaction blocks. The token issuance is intended to fund the launch and subsequent scaling of the verification service. Verifier Tokens (VRF) are Ethereum-based smart contracts.

The project’s crowdsale will take place in two phases. The Presale has already been launched, during which only a limited number of VRF will be offered, with a discount for early investors. The majority of the tokens will be offered in April of this year, as part of the ICO, the main phase of the sale.

Contact Email Address
Supporting Link

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Source link

About ranakamrank1

Check Also

76% of This Year’s ICOs Are Already Under Water

Crowdfunding 2018 has been a tough year for the cryptocurrency markets, and …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: