Brazilian Voting Authority Might Include Blockchain Tech in Future Elections

newsbtcPublished on 2022-08-09Last updated on 2022-08-09

Abstract

The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots. Celio Castro Wermerlinger, coordinator of modernization of the institution, stated that this decentralized ledger tech was included in a research program called “Elections of the Future.”

Brazilian TSE Is Researching Blockchain Tech

Blockchain tech is being included in several solutions designed for various applications, including ballot and voting technologies. The Brazilian voting authority announced last month that they were researching blockchain tech and the different ways it might be included in ballots.

Celio Castro Wermerlinger, who is the coordinator of modernization at the Brazilian voting authority, stated that end-to-end voting protocol, post-quantum cryptography, shared keys, and blockchain were part of the technologies being studied. This investigation is part of a program called “Elections of the Future,” that seeks more efficient and more economically viable solutions to be implemented in the electronic voting system.

However, Wermerlinger did not offer a timeline for the application of these solutions and argued that the Brazilian voting system, which is now 100% national, was safe due to the electronic solutions that are implemented in every ballot.

Blockchain and Voting

While voting is listed as one of the possible applications of blockchain systems due to the trust and security it might bring, it has not been widely adopted apart from several pilot tests conducted in the U.S., and events in other countries.

Voatz, a blockchain-based voting company, is one of the pioneers in this field, having helped residents of West Virginia outside of the state to vote using their mobile phones during the 2018 ballot. However, this pilot was criticized due to the security issues it might bring to the results of the election. Authorities in the state suspended its use citing security concerns in 2020.

Even after that, the platform was used to organize a mock election in Chandler, Arizona with the intention of testing the platform and the reaction of the citizens while using this kind of app on a ballot. The pilot was recently deemed positive by the city clerk.

Voatz has also been involved in elections in other countries, including Venezuela. The application was used to organize an unofficial referendum against Nicolas Maduro, president of the country, with millions using it in 2020.

Bitcoin Remains Below Glassnode’s $77,200 True Market Mean

Glassnode's latest report indicates Bitcoin continues to trade below its "True Market Mean," a key on-chain model estimating the average acquisition price of economically active coins at approximately $77,200. With BTC price roughly 15% below this level, the market is characterized as being in a repair or bearish regime rather than a confirmed bullish recovery. Trading below this cost-basis metric suggests a significant portion of active supply is under pressure, which can hinder rallies as underwater investors may sell into rebounds. The report highlights ongoing stress among short-term holders, contributing to market sensitivity. While a defense of current support levels shows demand, a sustained reclaim of the $77,200 True Market Mean is viewed as a more constructive signal for a broader regime shift than a simple relief bounce. For a bullish recovery to be confirmed, the market needs sufficient demand to overcome this overhead cost pressure.

bitcoinist9m ago

Bitcoin Remains Below Glassnode’s $77,200 True Market Mean

bitcoinist9m ago

Introducing: Market Compass

Glassnode introduces Market Compass, a dashboard providing a unified view of Bitcoin market conditions. It consolidates thousands of on-chain and market metrics into seven "lenses." Four forward-looking lenses (Macro, Capital Flows, Investor Behavior, On-Chain Fundamentals) feed a headline composite score from 0 (Risk-Off) to 100 (Risk-On). Three standalone lenses (Cycle Position, Derivatives, Cross-Asset Rotation) describe the current market structure. In the current reading, the headline score is 14/100 (Risk-Off), indicating a defensive regime. The Macro lens is the weakest at 23, constrained by a strong US Dollar (DXY) trading above its 200-day average. While the other forward-looking lenses show moderate improvement from recent lows, the overall picture suggests bottom-fishing within an unturned market cycle. Key observations include stablecoin supply shrinking (reduced buying power), long-term holders absorbing supply, tepid on-chain demand, and a derivatives market coiled for a potential move. The tool is designed as a contextual map, not a direct trading signal, synthesizing complex data into a single coherent read.

insights.glassnode5h ago

insights.glassnode5h ago

NVIDIA CPU Advances, China's RISC-V Responds: Semiconductor Deep Dive - Part Four

NVIDIA is set to launch its new Vera AI data center CPU in China as early as August, with high pricing. While this move offers a new option, it highlights China's continued dependence on foreign-controlled Arm architecture. In response, the Chinese semiconductor industry is increasingly turning to RISC-V as a strategic alternative for achieving high-performance computing autonomy. The article explores the concept of the "impossible triangle" in CPU development—balancing prosperity, control, and autonomy—and posits that RISC-V's open-source, modular nature offers a unique path to achieving all three. While RISC-V is already dominant in embedded systems, the focus is now shifting to data centers and AI workloads. China has become a global hotspot for RISC-V development, driven by AI-driven compute demand, supply chain concerns from export controls, cost benefits of open-source, and strong policy support. Multiple Chinese companies have reportedly crossed the key performance threshold of 15 SPECint per GHz, a benchmark for entering the high-performance CPU club. Progress extends beyond single-core benchmarks. Companies are developing complete computing subsystems, including commercial-grade coherent network-on-chip (NoC) technology and server processors with up to 40 cores that strictly adhere to the RVA23 standard to ensure software compatibility. Real-world applications are emerging in areas like video transcoding and edge AI. However, significant challenges remain. The RISC-V ecosystem faces fragmentation, immature toolchains and verification processes, and gaps in single-core performance and energy efficiency compared to mature x86 and Arm architectures. The formidable software moat, epitomized by NVIDIA's CUDA, is a long-term hurdle. In conclusion, while RISC-V cannot immediately replace offerings like NVIDIA's Vera, it represents a viable long-term path for China to develop a self-sufficient, high-performance CPU ecosystem. The journey is acknowledged to be long and arduous, requiring sustained effort to overcome technical and ecosystem challenges.

marsbit6h ago

NVIDIA CPU Advances, China's RISC-V Responds: Semiconductor Deep Dive - Part Four

marsbit6h ago

Stratosphere, Pudgy Penguins and Streamex Host Founders Table VIP Dinner During ETHConf 2026 and NYC Tech Week

During ETHConf 2026 and NYC Tech Week, Stratosphere, Pudgy Penguins, and Streamex co-hosted an exclusive Founders Table VIP Dinner in New York City. The June 9th event assembled a select group of founders, C-level executives, investors, and institutional leaders from firms such as Citi, BitGo, Delphi Digital, and Pyth Network for private, agenda-free networking. The dinner aimed to foster natural conversations among key figures across digital assets, tech, AI, and traditional finance. Stratosphere contributed its extensive network, Pudgy Penguins added its strong consumer brand community, and Streamex provided expertise in tokenized commodities and institutional markets. Stratosphere CEO Hassan Shaikh highlighted the importance of such gatherings for discussing market trends, particularly commodity tokenization. The Founders Table series, which runs alongside major industry conferences, is designed to build high-quality, relationship-driven connections that are difficult to achieve on standard conference floors. Stratosphere positions itself as an ecosystem growth partner for leading tech and finance brands.

TheNewsCrypto8h ago

Stratosphere, Pudgy Penguins and Streamex Host Founders Table VIP Dinner During ETHConf 2026 and NYC Tech Week

TheNewsCrypto8h ago

My Coding Betting Dashboard is Profiting, but Polymarket is Truly Not a Good Place for 'Arbitrage'

The author built a custom monitoring dashboard for Polymarket, a prediction market platform, and tested it with $1,600, achieving over 30% returns. However, the core argument is that Polymarket is not a good venue for traditional arbitrage. The dashboard has two main sections: a "Portfolio Dashboard" for tracking active positions with key metrics like total capital, P&L, and a risk-control module using a tier system (T1, T2, T3), and an "Opportunity Watchlist" for monitoring markets. The article details a critical structural trap in binary markets: a bet with a high perceived probability of success still carries a 100% loss risk if wrong. The author's T1/T2/T3 system is designed to manage this by limiting position sizes based on conviction and time horizon, emphasizing that high confidence should not equal high concentration. A key insight is the danger of "pseudo-diversification"—betting on different markets driven by the same underlying variable. The author concludes that Polymarket offers few true low-risk, arbitrage opportunities. It is instead a high-risk environment where wins can create a false sense of mastery, leading to large losses. The platform is better viewed as a training ground for honing judgment through disciplined, framework-driven betting rather than a reliable income source. The tools help transform intuition into structured, rule-based decisions to mitigate the risk of catastrophic errors.

marsbit9h ago

My Coding Betting Dashboard is Profiting, but Polymarket is Truly Not a Good Place for 'Arbitrage'