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0.18%Reading
The Associated Press, an independent global news organization, is teaming up with blockchain-based encyclopedia Everipedia to publish and distribute the 2020 US election results directly onto a blockchain.
The results will be published via Everipedia, which runs on the EOS blockchain, and will make use of another blockchainblockchain called Chainlink.
In 2001, Larry Sanger co-founded Wikipedia, which has become the largest, most frequently consulted encyclopedia in human history. Every month, some 1.5 billion users flock to its vast, online library. It has 5.8 million articles, which have been translated into 303 different languages. If one day the Internet—or even humanity itself—were obliterated, surely Wikipedia would be remembered (by aliens, perhaps) as one of its crowning achievements. Sanger, however, thinks it sucks. “It’s hard to re...
“AP is the gold standard in counting the vote and declaring election winners, and we are pleased to work with Everipedia to use our race calls in this innovative way,” said Dwayne Desaulniers, AP director of data licensing.
The AP has been responsible for counting the vote in every US election—including national, state, and local—since 1848. Now, the historied organization is turning to the blockchain and its data oracles to add further transparency and trust to proceedings.
To do so, AP will cryptographically sign data and publish its cryptographic key via Everipedia's Chainlink-powered data oracle. An oracle connects real-world data, such as election results, to a blockchain.
During the long hard crypto winter of late 2018, many projects perished or withered in those hard times, but during all this Chainlink managed to keep growing and even defy the bearish market. How did Chainlink manage to grow when most of the crypto market crashed and remained stagnant? Let’s find out! Problem Blockchains are great because they use math–cryptography if you want to get technical–to practically guarantee security, trust, and decentralization. The problem is each blockchain is its...
"This ‘oracle-as-a-service’ platform will be offered to industry-leading organizations to publish data feeds directly on the blockchain," Everipedia stated. "Organizations will be able to earn revenue for publishing reputable data on a wide range of topics including prices, election results, sports statistics/scores, weather, and news,” it added.
However, oracles can be manipulated, whether it be via a hack or a software bug—no matter how reputable the source.
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...