paraphrased for brevity – click timestamps for full answer
— Question #1 —
from Anonymous Attendee: How does this system SCALE for multiple candidates at national, local or state-level elections?
Answer @ 50:29 Every committee is setup with their own private blockchain, so there aren’t scalability issues like there would be on a public blockchain. This is possible thanks to BlockApps STRATO private chains, which is one of big reasons we chose it for 4US.
— Question #2 —
from Christine Orich at Hickman Becker Bingham Ledesma LLP (among others): How does the system handle DYNAMIC DATA and RULE CHANGES and as they evolve?
Answer @ 52:14 4US can update as soon as new rules arrive by updating the governance and smart contracts in the network – this is true whether its a regulatory changes, new info, or new donation methods (e.g. venmo)
More @ 55:14 YES – campaign finance rules will definitely evolve and change soon – so 4US being first into the space and flexible about it is the right approach
EVEN MORE @ 55:51 in fact, regulators will embrace a real-time tool like this (and use it to devise/analyze rule changes themselves)
— Question #3 (We get this one a lot) —
from Mike Wise at Blockchain Wisedom (among others): Does 4US handle cryptocurrency (e.g. Bitcoin) donations?
Answer @ 56:38 Short answer – Yes. 4US can accommodate crypto contribution. As a compliance platform, however, it is paramount to ensure LEGAL COMPLIANCE. So whatever the law says is what 4US can accommodate. For example, the FEC has issued guidance requiring the same AML/KYC standards be applied to the crypto wallet-holder – so they will have to go through this process in order to pay with cryptocurrency.