Switzerland’s proposed new e-voting system has a flaw clouding the country’s Crypto Valley. It’s serious enough to allow hackers to steal an election without being detected.
Eighteen years after the Florida hanging chads debacle cast the legitimacy of an American president into doubt, the voting technology introduced to fix those problems remains so vulnerable to hacking that the National Academy of Sciences, Engineering, and Medicine in September urged a return to paper ballots and an end to Internet voting. That’s a problem blockchain developers think they can fix.
The Securities and Exchange Commission charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), even after the company self-reported themselves to the commission. Companies that fund through an ICO must register the coins as securities, the SEC clarified on Wednesday. Gladius will have to offer speculators a refund.
ZURICH—A vibrant blockchain community has blossomed in Switzerland. On April 27, 2018, Ozan Polat and four other founding partners opened Trust Square in the Swiss capital. The three-floor coworking space (they’re adding a fourth soon) boasts a central Banhofstrasse address and houses some 40-45 companies actively doing work in the blockchain space. It’s exclusive! “We’re extremely startup-focused, and we do a little due diligence before we approve a membership here,” Polat told us when Modern Consensus visited for a tour. “We try to identify what these projects provide to the community. Some hedge funds want offices here, but they don’t make anything.” As a center of gravity for innovation in…