New York officials looking into four bills about blockchain

New York lawmaker introduced four new bills to research possible uses of blockchain by the state government
04 December 2017   832

Assemblyman Clyde Vanel proposed four new bills in effort to establish legal background of blockchain and study the possible implementation of blockchain protocol in state affairs.

The first bill is centered around legal definition of blockchain and smart contracts. It alows to update New York's technology law to legally recognize blockchain and its digital signatures.

The second bill establishes a research project for state board of elections into possible usage of blockchain technology in protection of voter records and election results. A year is given to make a report whether the platform can prevent or lessen the amount of voter fraud, improve the security on digital voting platforms and more efficiently count and share voting results.

The third bill would, if passed, also create a research team looking into possibility of government using blockchain to securely store records and quickly exchange information. This was already tried in Vermont in 2016, but wasn't approved by local authorities. At least one public hearing would be held during the study.

The fourth bill is proposing the creation of a special digital currency task force to evaluate the impact of cryptocurrencies on New York financial sector.

Similar efforts were made in Arizona earlier this year and in Vermont in 2016. Vermont government in the end declared the cost of blockchain implementation too high to consider any possible benefits. Arizona, in turn, passed the law and updated its Electronic Transaction Act making blockchain signature equal in force to electronic signature and blockchain-driven smart contracts to be legally binding as any other electronic contract.


Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   434

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.