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Sex, Drugs, Rock N’ Roll . . . and Blockchain
If you spend any time reading about the virtual currency space, you’ve picked up that blockchain technology is creeping into hundreds of industries and countries worldwide as more and more people create ways to use the public electronic ledger to better our lives in the not-too-distant future. Money transfers, trade settlements, property and health records, and just about any other part of the human endeavor are being tweaked, changed, and disrupted by this new technology.
Now, it’s also being used to protect the integrity of E.L.O., Journey, Tupac Shakur, Yes, Joan Baez, and Pearl Jam. After questions arose over the voting process for last year’s Rock N’ Roll Hall of Fame induction, the Hall of Fame contracted with Votem, a blockchain-based voting system provider, to ensure that this year’s voting didn’t end up like last year’s, with a tally of votes that was obviously questionable (more than 82 million in about four days).
The Hall of Fame’s use of blockchain to record voting is the largest use of the technology in voting to date. More than two million votes were cast using the blockchain, and 60 percent of those were cast by mobile phones. It seems to have worked. I haven’t found any reports of problems or questions about this year’s voting.
If you’d like to read more about the Hall of Fame’s use of blockchain technology in this year’s voting, you can find an article here. If you’re interested in reading more about Votem, here’s its website.
Finally, if you’d like to talk more about this article or about Tupac in general, call me at 304-340-3860 or e-mail me at nmooney@spilmanlaw.com.