What is a Blockchain?
A blockchain is a public ledger of transactions. All transactions are broadcast to a network of subscribing nodes, and each node updates its own copy of the ledger with the new transactions. Once a new group of transactions is verified, a block is created and added to the blockchain. All transactions for the ledger are publicly visible and verifiable based on previous blocks. Essentially, blockchain is a ledger that anyone can add things to but no one can remove anything from. This creates a certain and verifiable record.
Why is Blockchain Important?
Basically, blockchain technology offers industry a technology that can make cyber security an afterthought. Because there is no centralized “point of failure” the computing power necessary to hack a blockchain is nearly impossible to achieve. While blockchain technology is most well known for being the backbone of Bitcoin. BTC is leading the charge in exploring blockchain applications in everything from banking to elections.
Read our "Beginner's Guide to the Blockchain"
An exact figure for annual industry revenue is not known with certainty. A report put out by the Caltech/MIT Voting Project
sizes the industry at about $300 million, in the same range of prior publicly available market size estimates.46 The Brennan
Center estimates that replacing all the voting machines in the United States would entail costs that “fall somewhere between
$580 million and $3.5 billion,” and forecasts the actual figure at “well over $1 billion.”47 Including support costs, this again
would translate into about a $300 million annual industry ($1 billion amortized over a 10-year useful life, plus an estimated
20% of acquisition annual cost of support). Data available online from PrivCo seem to corroborate this revenue picture, and
indicate that the revenues of the top three firms (ES&S, Dominion, and Hart, which together comprise over 90% of the market)
totaled approximately $351 million in 2015 (see Figure 7).48 The OSET Institute, however, believes the replacement costs will
be toward the high end of the range cited by the Brennan Center, coming in slightly over $3 billion. They base their calculation
on the premise that 2.45 million machines will need to be purchased to serve the 10,079 jurisdictions throughout the U.S., with
the replacement cost of those machines estimated at $1,250 “per seat.” Those figures would imply that annual revenue going
forward would reach $800 to $900 million (with the range depending on whether machines have a 10- or 15-year useful life).
However, in the best case, it likely would take several years to reach this level due to the timing of the procurement cycle, even
if funding became immediately available.
GAHC Stock Structure
Market Value: $9,062,446 (a/o 21 Jul 2017)
Authorized Shares: 1,000,000,000
Shares Outstanding: 379,181,873 (a/o 12 Jun 2017)