Presented by BlockApps and 4US – an overview of the new blockchain solution for campaign finance compliance.

Hear from the former Federal Elections Commission (FEC) chair and other political experts on the core issues causing erosion of trust and what future of political financing looks like.

“Great to see #techForGood” – Christine Orich

“Alex and Brad did a great job further clarifying specific pain points. Thank you! ” – Rick Dupree

“Awesome solution, btw” – Mike Wise

Watch the Webinar
Download Presentation Slides

What’s inside?

Following the announcement of 4US with STRATO, the webinar covers:

  1. A non-partisan overview of current challenges with campaign finance compliance
  2. Video demo of 4US solution and explanation of blockchain’s role in the process
  3. Regulator’s view of blockchain technology and feedback from the politics community, including 60+ live attendees

Highlights

Webinar Recording

  • 1. Campaign Finance Explained @ 7:54

  • 2. Top Challenges in Campaign Compliance @ 9:46
  • 3. Solution – 4US Live DEMO @ 26:19
  • 4. Q&A @ 49:52

Want to Learn More?

Learn More about 4US
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Special Thanks to the Panelists

for contributing their expertise and forming a non-partisan view of the situation:

Q&A Deep Dive

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.

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About BlockApps:

BlockApps was the first company incubated out of ConsenSys in 2015 and has created several industry innovations including the launch of the best, easy-to-use, most powerful Blockchain as a Service (BaaS) platform on the market called STRATO. Since launching STRATO on Microsoft Azure in 2015, BlockApps has become the first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform) and is a founding member of the Enterprise Ethereum Alliance (the world’s largest open standard blockchain organization). Today, we continue to expand our partner network and the enterprise-grade capabilities of STRATO.

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