LIVE
Georgia Man Deported From Fiji Over Alleged $165M Crypto Ponzi SchemeRevolut EURR Stablecoin Launch: What to KnowRipple-Backed Evernorth Updates SEC Filing Ahead of Nasdaq ListingCrypto CEO Faces US Extradition in Alleged $20M Token SchemeUS Banks Join Forces to Build Their Own Blockchain NetworkDolly Parton's Death Sparks Memecoin Rush, Rug Pulls Hit InvestorsSEC Posts Filing for 21Shares XRP ETF as XRP ETF Race Heats UpGalaxy Opens Crypto-Backed Credit Lines for Bitcoin, Ethereum and SolanaUnstoppable Domains Skips ICANN Round, Refunds Web3 CustomersTWG Global denies fraud allegations, says it is cooperating with federal regulatorsGeorgia Man Deported From Fiji Over Alleged $165M Crypto Ponzi SchemeRevolut EURR Stablecoin Launch: What to KnowRipple-Backed Evernorth Updates SEC Filing Ahead of Nasdaq ListingCrypto CEO Faces US Extradition in Alleged $20M Token SchemeUS Banks Join Forces to Build Their Own Blockchain NetworkDolly Parton's Death Sparks Memecoin Rush, Rug Pulls Hit InvestorsSEC Posts Filing for 21Shares XRP ETF as XRP ETF Race Heats UpGalaxy Opens Crypto-Backed Credit Lines for Bitcoin, Ethereum and SolanaUnstoppable Domains Skips ICANN Round, Refunds Web3 CustomersTWG Global denies fraud allegations, says it is cooperating with federal regulators
Homepage/Blockchain Technology/Ukrainian Official Has Partnered with NEM's Blockchain to Release a Voting Trial
BLOCKCHAIN TECHNOLOGYNEWS

Ukrainian Official Has Partnered with NEM's Blockchain to Release a Voting Trial

·1 MIN READ·
MakeThe CC Presspreferred onGoogle

Oleksandr Stelmakh, a member of the Ukraine Central Election Commission, commented on August 7 via his Facebook page about the current blockchain-powered trial. The project began in July after Stelmakh inspired several friends to take part in a “test vote” – designed in collaboration with the NEM Foundation and NEM’s blockchain protocol.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
1Key sections mapped in this report
0Internal references connected to related coverage
3External source domains cited in the article
1 minEstimated time to read the full report

A Ukrainian official is exploring the way blockchain technology could be integrated into the election system.

One of the basic useful properties of the blockchain is the impossibility of making changes to the saved information …These are the properties we tried to use to save the information of the local ballot sessions,” Stelmakh stated, adding that:

It must be noted that the experiment was held in the test environment of the blockchain NEM and for the transactions used by the test coins that were kindly given the representative of the NEM Foundation in Ukraine, Anton Bosenko. The blockchain test environment has 28 nodes. ”

As written by the official, costs for placing one node used in voting reaches $ 1,227, which in Stelmakh’s opinion is a “small” price for this kind of technology.

The blockchain-powered experiment on the voting process isn’t finished, and users are still able to participate in polls using “test coins”. The project represents the latest attempt to integrate blockchain technology for tabling votes – which aims to digitize the recordings and simplify the data verification mechanism.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: scourt.gov.ua
  • External Source - Referenced domain: facebook.com
  • External Source - Referenced domain: nem.io
  • Byline - Reported by Adriana Mavrenko
  • Coverage Desk - Primary editorial category: Blockchain Technology
  • Media Asset - Featured image served from the WordPress media library
Ukrainian Official Has Partnered with NEM's Blockchain to Release a Voting Trial | TheCCPress