How to Get Estonian Cryptocurrency License 5704

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Licensing process in any jurisdiction has distinct characteristics and compliance requirements that have to be 100% observed. Otherwise, the application may result in a refusal to issue a license. Preventing or minimizing this risk is always possible.

Provision of cryptocurrency services legally requires the service provider to obtain a license in most jurisdictions.  Still, the nature of crypto assets makes the licensing procedure rather complicated and imposes different additional obligations on the applicants. Meeting such demands is necessary, especially in such reputable jurisdictions as Estonia. The state applies high standards to the market operators but opens vast opportunities for commercial growth worldwide to the holders of the Estonian cryptocurrency license. Prifinance experience confirms that. If you consider launching your crypto project in Estonia, there are some important considerations you need to take into account, as described below.

Crypto Licensing in Estonia

The primary condition for applying for and obtaining an Estonian crypto license is the incorporation of a resident legal entity. The procedure is straightforward and not bureaucratized. Non-resident investors may in addition undertake a position of board members but will have to find at least one Estonian resident to appoint as a local board member. Another must-have requirement to get an Estonian license is to have a separate company officer responsible for AML compliance. Still, it is possible to have only one shareholder in an Estonian company.

 Just after the completion of company registration, a newly-formed entity has to pass 5 major steps to become a licensee in the crypto industry: (1) collect and submit complete and up-to-date details about the company’s structure, management, shareholders, and beneficiaries; (2) develop an individual financial model and business plan for the next 2 years of operation, (3) arrange and implement appropriate IT systems applied for client identification, tracking of transactions, and overall compliance with the travel rule; (4) guarantee ongoing internal and external audit of the company’s operation, and (5) develop and implement effective operational policies, including KYC/AML and data protection.

How Prifinance Specialists May Help You

If you wish to start and develop your cryptocurrency project in Estonia, Prifinance specialists are ready to facilitate the easiest realization of your business objectives, including:

  • assessing correctly your business case and suggest the best business strategy to enter the market;

  • choosing the most suitable legal entity type in your case and register a new company;

  • collecting all required information and documents to start and handle registration;

  • developing required policies in line with the applicable compliance requirements;

  • developing and drafting a business plan and financial model in accordance with your business goals and regulatory requirements;

  • drafting all expected statutory and registration docs;

  • forming and lodging the application package needed;

  • opening and closing all necessary bank accounts;

  • handling negotiations with all local officials;

  • ensuring your compliance with all regulatory requirements, including AML/KYC and data protection;

  • supporting all commercial transactions carried out during the operation of your business.

Provide the details about the background of your business case and your prospective objectives to get more precise consultations and business solutions.

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BetDEX Exchange Now Live on Solana Mainnet 5832

BetDEX Labs Inc. (or “BetDEX”) today announced that the BetDEX Exchange is live on the Solana mainnet, accepting real-money wagers for the first time. The first fully-licensed sports betting exchange built on the blockchain will be accepting wagers on the 2022 FIFA World Cup and additional soccer matches, effective immediately. To celebrate the launch, the BetDEX Exchange will not be charging any fees for wagers placed on 2022 World Cup matches, or any matches throughout 2022.

Varun Sudhakar, CEO and Co-Founder of BetDEX, commented on today’s news: “The Solana mainnet launch is an incredible milestone for BetDEX and one our community has been patiently waiting for. We are excited for our users to have real stakes in the game, and we couldn’t imagine a better time to do so than during the World Cup.”

BetDEX has set out to revitalize the $2 trillion sports betting industry by shifting the power from the operators to the players. Current sportsbooks charge double-digit fee margins, remove winning players from their platform, and make it difficult to withdraw your money. The BetDEX Exchange is 100% non-custodial in nature, meaning BetDEX never controls or holds player funds. All wagers are held on transparent, audited, and public smart contracts on the blockchain and upon settlement, the smart contract immediately remits funds to the winner’s wallet. Lastly, BetDEX Exchange never places stake limits or charges on winning players, but rather encourages their success on the platform.

The BetDEX Exchange recently became the first fully-licensed regulated sports betting exchange on blockchain. Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange received licensed approval from the Isle of Man for all forms of online gambling and gaming, including online sports betting. The platform currently accepts wagers from countries throughout Europe, Asia, South America, and Africa.

A “beta” tag will remain on the exchange until 2023, but customers will be able to wager real money immediately upon launch. The company has focused on international markets at launch, and continues to explore regulatory approval in various additional countries around the world.

Additional information regarding the BetDEX Exchange, please visit: https://www.betdex.com/.

About BetDEX

BetDEX Labs Inc. (“BetDEX”), developed by former FanDuel founders and early employees, is a web3 company backed by investors including Paradigm, Multicoin, and Lightspeed, building open source technology for global prediction markets. The BetDEX Exchange, powered by BetDEX, is a sports betting exchange built on the Monaco Protocol allowing for peer-to-peer wagering. The Exchange is licensed and regulated under the jurisdiction of Isle of Man via the Gambling Supervision Commission. BetDEX is a key contributor to the Monaco Protocol, a permissionless decentralized and open-sourced protocol built on the Solana blockchain, supporting prediction and betting markets. For more information, visit: https://www.betdex.com/. Follow BetDEX @BetDEXLabs.

BOSagora Completes the Development of Its Mainnet… Starts to Recruit Node Operators 6424

The BOSagora Foundation declared on November 10 that it has completed its own Agora Mainnet development project and is now recruiting note operators.

As the BOSagora Network, a “Everyday Blockchain Platform” specializing in connecting real-world businesses, completes its Agora Mainnet, countless DApps related to everyday life can take part in the network. Through this, it is possible to realize an X-to-Earn (X2E) ecosystem that rewards specific activities, such as Move-to-Earn (M2E) and Play-to-Earn (P2E), which are the most active among others.

Agora Mainnet is a decentralized and self-evolving public blockchain network based on smart contracts and Congress Network, a decision-making system within blockchain.

Congress Network is the decision-making body of Agora Mainnet that resolves governance problems that may occur within decentralized organizations. Anyone can join the network by depositing 40,000 BOAs and operating a validator node at a stable network speed. Congress Network complies with the “one vote, one validator” principle which activates the DAO so that all validators are given equal rights.

Once Agora Mainnet is activated, any participant can propose a project that may benefit the network ecosystem. Projects selected in Congress Network, the decision-making body, can receive support for project development through Commons Budget, a public budget.

BOSagora has developed the Votera application to provide a fair and transparent decision-making process in Congress Network. By storing decision-making data in blocks, Votera guarantees transparency and clarifies responsibility.

To keep Votera confidential, the hash of the voting data for data verification is stored in blocks for the duration of the voting period. Once the voting period ends, the voting data are recorded in the blocks to be used to verify the data. In addition, for the sake of the transparency of voting, data on discussion and pre-evaluation are stored on a separate server so that all participants can view them anytime.

After the completion of the Agora Mainnet development, the foundation has set out to hire node operators. Node operators can receive rewards for operating nodes when the Mainnet is activated in January 2023. For details related to node operation, refer to the BOSagora website and the official community.

In addition, in time for the completion of developing Agora Mainnet, the website and whitepaper have been completely renovated so that participants in the network can participate more easily and conveniently.

MATCH Chain To Allow Seamless Interaction Between EVM, COSMOS & MOVE-VM Ecosystems 6205

Builders, users, and institutions alike have been waiting in anticipation of the day when WEB3 is scalable and as easy to navigate as WEB2. Even with Sui and Aptos bursting onto the scene, Ethereum completing its merge, and exciting developments in NFTs and Layer 2s, we are still stuck asking, WHEN!?

The wait is over! For the first-time, true interoperability between blockchains will be possible with the launch of MATCH Chain. Users and applications will be able to interact seamlessly between and through EVM, COSMOS, and MOVE-VM ecosystems, achieving a long-awaited milestone for blockchain technology.

Siloed ecosystems will be a thing of the past. Users will soon be able to traverse ecosystems in a new age of blockchain interoperability. MATCH Labs’ intent is to develop and deploy key infrastructure and technologies to achieve its mission of breaking down barriers and building bridges between our digital WEB3 ecosystems as we forge a path towards a better, brighter future.

Why is Interoperability Important for WEB3?

In the Internet age, overall value has typically been measured by user traffic, the inflows and outflows of capital, and the quality of products. In WEB3, this is no different, we simply use different terminologies. For example, a protocol’s user-traffic is typically measured by the number of unique, active wallet addresses.

Over the last 10+ years that blockchain technologies have been relevant, only the innovators and earliest adopters have been engaged in WEB3. Led by idealistic technocrats and dreamers, the builders in the space are attempting to build high-impact solutions that will change the world for the better, yet there is still a tremendous amount of friction when engaging WEB2 users. While there are many budding ecosystems, a vast majority of users are only those native to WEB3. All of that is about to change with the launch of MATCH chain!

MATCH will effectively open the floodgates for millions of users to enter WEB3. Each ecosystem and protocol built upon them will be sprinting to attract and engage as much of the user-traffic as possible. We believe that true and frictionless interoperability is the breakthrough the blockchain industry needs to cross the chasm into mainstream adoption, whether that be through metaverse engagement, DeFi accessibility, or the real-world, practical application of blockchain technologies.

Sam Sangmin Seo, Klaytn Foundation founder, has said that “blockchain technology plays a crucial part in metaverse technology, for it provides interoperability between different metaverses.”

Projects like Cosmos, Polkadot, and Cardano, have inherent flexibility to facilitate some degree of interoperability. Some projects have begun developing and incorporating modern technologies that allow for communication between Layer 1 and Layer 2 protocols.

Recently, the public chain Klaytn began cooperating with the cross-chain smart contract platform ZetaChain to promote a built-in interoperability layer. Another notable development is that the interoperability protocol LayerZero launched the cross-chain bridge, Aptos Bridge. Following suit is YugaLabs who is building an interoperable “development kit.” The future looks bright for the age of the Internet of blockchains.

The Effect of Interoperability

The concept of interoperability isn’t novel or specific to the blockchain and has been around since well before the age of WEB2. In the past, interoperability merely meant the ability for a piece of software or technology to communicate or work with another. In this age of technology, this is an imperative since multiple systems often had to talk to and understand each other. The best example of this is email, which has been a mainstay since mainstream internet adoption occurred. Through the miracle of interoperability, a Gmail user can seamlessly send an email to a user of a different provider without a second thought.

Interoperability in the context of blockchain technology typically refers to the way in which protocols transfer data and assets on and between each other.

Generally speaking, it’s quite difficult for blockchains to communicate safely and efficiently with each other. Each chain has its own rules, programming language(s), and governance structures; you can think of each as its own effective digital nation.

The inherent complexity of interoperability and inter blockchain communication serves as a barrier, restricting the overall growth of WEB3. General user-engagement and on-chain economic activities have been siloed into each respective blockchain, like how continents in the real world are segregated by natural barriers.

With the launch of MATCH, the age of collaboration over competition has truly arrived as it’s the key to the overall success of WEB3 and we cannot do that until we are all connected. Similar to how globalization allowed for each nation’s economy and people to interact, true interoperability between networks allows for users and applications from one blockchain to interact seamlessly with neighboring blockchains. This results in shared resources, wealth, and engagement, as well as the cross-pollination of ideas, technology, and innovation.

MATCH seeks to become the premiere interoperability layer, connecting larger ecosystems to their neighbors, while also facilitating the pushing of large streams of user-traffic throughout each network. Interoperable smart contracts and protocols can revolutionize every single industry, whether it be law, business, or even healthcare. In addition to being an interoperability solution, MATCH also allows for data to be transferred between private and public chains in a safe, secure, and customizable manner.

One of the most compelling effects of Interoperability is that it effectively brings every application and ecosystem directly to the user, abstracting away the complexities inherent to the current user experience in WEB3. A person doesn’t need to know how the engine of their car works to know that their car takes them from Point A to Point B – it’s the same with blockchain. Ease-of-use and accessibility is what’s missing in current infrastructure and applications. With MATCH and the new age of interoperability, beginners do not need a deep knowledge of how blockchain applications work to interact with WEB3. We envision a day when users will be able to reap all of the benefits of WEB3 without even knowing they’re operating on a blockchain.

MATCH Chain: Bridging WEB2 Users into WEB3

In today’s Internet age, user-traffic and data are directly correlated with the revenue and success of companies and their services or applications. The problem is that these are currently being gatekept and monopolized by a small group of incredibly powerful platforms and entities. They do not operate in the users’ best interests and there is almost no recourse if these entities do something that adversely affects an individual. These issues serve as barriers that hinder innovation and prevent the digital revolution the users deserve and our industry craves.

The founder of the World Wide Web, Berners Lee, has been vocal about this saying a few big tech companies such as Google and Facebook use our data and “lock us into their platforms.” This leads to big tech companies possessing most of our data; we are their product, getting little to nothing in return.

Data is power and the winner is the one who amasses the most data. Currently, those are big tech companies. The solution to this is the advancement and adoption of WEB3 and blockchain technologies. MATCH Chain and the interoperability between networks that is facilitated in the key to making WEB3 an everyday reality.

Users will be able to traverse various ecosystems efficiently and without needing to have a technical background and developers will be able to develop cross-chain and modular applications more-easily. This should result in a unified global engagement layer, atop multiple on-chain environments, and their associated liquidities.

As the premier user-traffic platform dedicated to serving communities in Web3, MATCH is designed to be an open-source public chain that acts as the “user-traffic middle layer” for different blockchains. MATCH can import traffic from traditional WEB2 user-bases in an effective and efficient way, pushing users into and between different blockchains based on their specific needs.

How MATCH Works

In order to facilitate a smooth user experience between different blockchains, MATCH uses the inter-blockchain communication (IBC) layer of COSMOS. It connects the EVM and Move-VM based ecosystems. It will effectively serve as an aggregated user-traffic pool for all three ecosystems to tap into.

MATCH has its own inherent DID technology, which facilitates a privacy-focused exchange of information and credentials between applications and networks. As a result, MATCH improves the global accessibility of blockchains and their native applications while also reducing the inefficient and cumbersome user experience pathways currently associated with moving between adjacent ecosystems. By connecting each ecosystem, MATCH allows for a healthier and more robust inflow of users to quality decentralized applications (dApps) and networks.

When MATCH goes live, dApp developers will have a diverse and robust set of tools that will make deployment easy. Once deployed, they will have access to the massive inflow of user-traffic facilitated by MATCH. DApps on MATCH could effectively exist and operate in different ecosystems. Each blockchain, or digital nation, will be linked together, getting us ever closer to the true form of WEB3.

Match chain official channels:
Twitter: https://twitter.com/MATCHChain
Discord: https://discord.com/invite/match
Telegram: https://t.me/matchain2022
Medium: https://medium.com/@MATChain
Reddit: https://www.reddit.com/r/matchain/

TruckCoinSwap to launch fast free crypto settlements for supply chain at FreightWaves’ Conference 7200

In 2010, a Florida man swapped 10,000 Bitcoin for two pizzas. This was big news, establishing a value for BTC at $0.0041. Only 12 years later, those same tokens are valued at around $200 million. Today, November 2, TruckCoinSwap’s new digital asset on the Polygon network, TCS token, will be swapped for a freight receivable in a live demo at the FreightWaves F3: Future of Freight conference. While the future value of the TCS token is unknown, one variable is certain: TCS starts its journey in a U.S. trucking settlement niche exceeding $50 billion a year in transactional volume.

In the U.S., more than one million trucking companies and third-party logistics firms (3PLs) rely on banks and factoring companies to get paid. Trucking companies are typically charged 3% of gross on every invoice — a 20–25% interest rate annualized over the term; these banking entities are raking up to 90% of net revenue on every load. Why? Because most carriers cannot wait the industry standard 30–180 days to be paid directly by shippers. They need cash now to cover operational costs, and they are forced to incur payday loan rates to get that cash advance.

Chief technology officer Jake Centner summarizes the problem well: “The cost of milk and eggs aren’t just going up due to inflation. Banks and factoring companies are making it more expensive for trucks and 3PLs to operate. The very best use case for blockchain technology and digital assets is to disintermediate these types of financial problems in industry. Using the TruckCoinSwap mobile and web apps — and TCS token — transportation companies can now receive free invoice settlement, and get paid sooner. TruckCoinSwap is helping to write a new chapter in blockchain and Web3.”

TruckCoinSwap launched TCS token on CrossTower’s crypto exchanges in late September 2022 at the University of Wyoming’s Blockchain Stampede conference. This wasn’t by coincidence — TruckCoinSwap’s headquarters is adjacent to the university and staffed by several former members of the university’s Advanced Blockchain Lab. The lab’s current director, Steve Lupien, an advisor to TruckCoinSwap, is elated “the problem of usurious invoice factoring was solved in Laramie, and ‘Made in Wyoming.’”

TruckCoinSwap CEO and founder Todd Ziegler is a decade-long c-suiter from the 3PL side of the trucking sector and understands the issues well. “The carriers TruckCoinSwap supports represent 90% of the available full truckload ‘spot’ capacity on any given day in America. Without them, the shelves of every retailer and grocer would be empty in a week, and the country would be in anarchy.”

“These small businesses are among the heroes of the COVID pandemic, and represent the backbone of the entire U.S. economy. Rather than treating these companies like a national security interest, lawmakers and lobbyists have allowed big banks, tort lawyers and intermediaries to exploit these heroes for decades. And the financing fees for settlement work like a silent tax on everything we buy — on top of 8–20% annual inflation. A free settlement solution in transportation is long overdue, and TruckCoinSwap is providing it.”

Asked about the volatility of digital assets, chief commercial officer and lead developer Philip Schlump shared: “Carriers and 3PLs need to get to liquidity, so they need to sell TCS token. Drivers need to fill up their rigs and get to their next load. They’re not investing in crypto, so TruckCoinSwap has built the tokenomics model around that need. If TruckCoinSwap needs to buy the TCS token on the other side of an exchange transaction, it will. In fact, TruckCoinSwap will become the single largest buyer over time.” Schlump’s perspective is invaluable, as a 30-year veteran in tech and cyber security, a former member of the University of Wyoming’s Advanced Blockchain Lab and a former truck driver.

Following the live demo on November 2nd — streamed by FreightWaves at 10:15 am Eastern Time — the TruckCoinSwap team will focus on spreading the word about its blockchain solution, gaining access to digital asset exchanges like Coinbase, Kraken and FTX, and registering carriers on its website. “As a free service to carriers, and a necessary financial innovation in two industries, TruckCoinSwap will see viral adoption,” says Ziegler.

About TruckCoinSwap

Founded in 2021, TruckCoinSwap is a fintech and freight tech company that can recapture and return up to 90% of net revenue on every freight transaction to carriers. TCS token is available globally in 80 countries via CrossTower Exchanges, with designs to list on all established and compliant exchanges. The TruckCoinSwap mobile and web applications are exclusively available to industry users and create a unique ecosystem for direct engagement with business-to-business partnerships in the transportation and Web3 industries.

About CrossTower

Founded in 2019, CrossTower is a digital asset exchange offering capital market capabilities with offices in the United States, Bermuda and India. CrossTower provides best-in-class services and products tailored to the needs of retail traders and institutions. Among 450 international crypto exchanges evaluated, CrossTower is among only 21 exchanges approved by Digital Asset Research — and has been ranked as high as 4th in the world by CryptoCompare.

AtomicHub Launches Web3 Platform AtomicAds to Serve NFT, Web3 & Crypto Advertisers and Publishers 7046

Leading blockchain gaming & digital collectibles marketplace AtomicHub today announced the launch of AtomicAds.io, a new platform built specifically to connect NFT, Web3 & Crypto advertisers & publishers to relevant audiences at scale. Between AtomicHub.io and its sister media business NFTInsider.io, AtomicAds already reaches 2.3MM+ connected wallets, 630K+ MAU and 26MM+ page views per month. They are now calling for additional publishers and advertisers to join this new, breakthrough advertising ecosystem.

AtomicAds provides a simple, self-service ad platform that offers targeted and effective reach for businesses who want to promote Web3 products, crypto services and NFT collections to targeted audiences at scale. It also allows publishers to list ad inventory such as banner space by website, blockchain, date and time, which advertisers can then book through a robust self-service system. The platform provides rich, data-driven insights in real-time to allow advertisers to optimise campaign and ad management.

“AtomicAds is born out of our own experience as a major publisher in the Web3 space, which can be a complex, time-consuming and frustrating experience,” said Jeffrey Haas, Chief Revenue Officer of AtomicHub. “We developed AtomicAds to improve our ability to efficiently offer programmatic advertising on our own sites, and are now offering the platform to others who want to reach our highly-desired audiences.”

“From experience, we know how difficult it is for Web3, crypto or NFT services to advertise through traditional social media channels or via Google Ads,” said John Nichols, Editor-in-Chief of NFT Insider. “AtomicAds solves that by offering advertisers & publishers a reliable, effective method of reaching a dedicated, Web3-friendly audience.”

AtomicAds will adhere to industry best-practices and the complex needs of the Web3, crypto and NFT industries, including rigorous know your customer (KYC) requirements which will assure the highest level of privacy – but not anonymity – for both advertisers and publishers. “Ensuring credibility, integrity and quality is paramount to building a sustainable ecosystem where all stakeholders can thrive,” added Haas.

About AtomicHub

AtomicHub (https://www.AtomicHub.io) is the world’s busiest non-fungible token (NFT) marketplace, a one-stop solution for the creation, sale and trade of blockchain gaming items and digital collectibles, which is already used by millions of loyal users who care deeply about their home on planet Earth. AtomicHub is the largest NFT marketplace on the carbon-neutral WAX blockchain, and the EOS blockchain, and in 2023 will add new dimensions to its universe. Since its launch in 2020, customers of AtomicHub have traded more than USD $560MM in NFTs across more than 23MM secondary market sales.

AtomicHub’s parent company pink.gg (https://www.pink.gg) also created the AtomicAssets NFT standard, powering more than 300 million digital assets. Pink’s goal is to help further the true ownership of digital goods, with its smart contract technology allowing them to build enterprise-level projects that currently facilitate hundreds of thousands of daily transactions for world-renowned brands such as Funko, Hasbro, Mattel, Marvel and more. pink.gg also owns NFT Insider (https://www.NFTInsider.io), the number one community-focused media hub for NFTs, and AtomicAds (https://www.AtomicAds.io), the newest advertising platform for NFT, Web3 and crypto advertisers and publishers. Pink is headquartered in Munich, Germany, and are active block producers for the WAX and Proton blockchains.

Greenland, together with Top Universities and Concordium Blockchain, is investigating the possibilities of a blockchain-based election system in the country 7117

Concordium Blockchain, COBRA, Aarhus University, the Alexandra Institute, and the IT University have been granted DKK 3.6 million by DIREC, to investigate how to create the best possible online voting system for Greenland.

Due to a change in the law in 2020, many Greenlanders will likely have to cast their vote online in upcoming national elections.

A group of researchers from Concordium Blockchain, Aarhus University, the Alexandra Institute, and the IT University will investigate whether a blockchain-based system will be a more trustworthy e-election on the world’s largest island.

DIREC, a collaboration between the computer science departments of eight Danish universities and the Alexandra Institute, has just granted the group DKK 3.6 million for the ambitious Privacy-Preserving and Software-Independent Voting Protocols project. The Department of Social Affairs, Labor Market and Home Affairs of Greenland is going to work closely together with the group on it.

“There are of course many advantages in an online election, however distrust and a lack of regulation ready and secure solutions has prevented the vast majority of countries from moving forward. From Concordium, a science based Decentralized blockchains with the ID at the protocol level, we are eager to participate and solve the potential problems in building online elections on our chain. In Greenland, where enormous distances make it difficult for people to cast their vote, an online solution could potentially increase voter participation, and this is one of the reasons why a change in law in 2020 paved the way for the Greenlandic government to give Greenlanders the opportunity to cast their vote online in the future.” says Kåre Kjelstrøm, CTO at Concordium.

“My goal is that we can give the Greenlandic decision-makers good conditions for deciding which system they should use to hold online elections. From a research point of view, the project can also be valuable. Technologically speaking, we are moving into unknown territory and depending on our results, you can easily imagine that the many, many countries that can see the benefits of an election will be able to use our results as well. And finally, Greenland – with its limited population and great distances – is an optimal place to start from, says professor at the IT University, Carsten Schürmann, who is Principal Investigator on the project.

Is blockchain the solution?

Bas Spitters, associate professor at Aarhus University and researcher at Concordium Blockchain Research Center Aarhus,who is internationally recognized for his research related to the verification of blockchain technologies, sees great potential in the project:

“Electronic election protocols use a kind of bulletin board, and Blockchains can be used as a private and secure bulletin board. They are already used in minor elections to ensure that voters can check that their votes have been registered correctly. In this project we will explore whether it can also be used in larger elections. In particular, we aim to verify that the protocols used to verify the votes are inaccessible to outsiders and that they are secure. In addition, in cooperation with Concordium, we must investigate whether, by integrating MitID in their blockchain, it will be possible to give voters the opportunity to identify themselves at the same time that their private information is protected,” concludes Bas Spitters.

Carsten Schürmann, who many consider one of the world’s leading experts in election technology, has previously been critical of the internet. He is, however, convinced that online voting will become widespread in the coming years and recognizes the importance of creating a trustworthy system for it, which this project can create the best possible conditions for.

“Blockchains provide some relatively new opportunities to create security and increase transparency, which can be really interesting when we talk about internet elections. With this project, we will concretely investigate how blockchain technologies can be used to curb attacks on the election process, detect technical and human errors and preserve the secrecy of the vote. We will do this by developing some protocols for a system which can be verified and which is what we call software-independent,” says Carsten Schürmann.