Skip to main content

Ukraine Electoral Commission Uses NEM Blockchain for Voting Trial

A member of Ukraine’s Electoral Commission revealed in an Aug. 7 Facebook post that they are working with NEM on a blockchain voting pilot.

Oleksandr Stelmakh, head of the State Register at the Central Electoral Commission of Ukraine, appeared pleased with the ongoing tests, writing in the post that they are “continu[ing] a series of experiments applying blockchain technology within electoral voting.”
Stelmakh noted that they created a test vote using 28 nodes with the NEM blockchain “several weeks ago,” adding that “voting is still open and anyone can take part it in.”
The trial, which came about as a result of a partnership with the local NEM Ukraine, exclusively involves a testnet with test NEM tokens “kindly given by a representative of the NEM Foundation in Ukraine,” Anton Bosenko.


On the basis of current rates, Stelmakh calculated the cost of installing blockchain voting in each police station in the country would be around the equivalent of $1,227 per implementation. He writes that this is a “small price to pay” in return for immutable vote data protection.
Ukraine is in the midst of finalizing its regulatory approach to cryptocurrency, with the country’s Financial Stability Council last month supporting the idea of treating digital assets like financial instruments. Despite its relatively low electricity costs, Ukraine nonetheless has no plans to regulate the informal mining industry, Cointelegraph reported
CoinTelegraph

Comments

Post a Comment

Popular posts from this blog

Petro – The First National Cryptocurrency

World governments are slowly realizing that cryptocurrencies have come to stay. They are being discussed in   G20 meetings , the United States has been taking every necessary measure in order to regulate and tax cryptocurrencies and, late last year, we even saw the   first regulated ICO   in Canada. It seems progression is being made towards adoption and there are already plans to create the first ever national cryptocurrency. Dubai, the largest and most wealthy city in the United Arab Emirates (UAE), has   plans for issuing emCash , a cryptocurrency that would have become the first ever to be backed by a state or government. However, it seems they were beaten by the punch… El Petro Venezuela will become the first country to have its own national cryptocurrency, the Petro (PTR). The project is backed the president Nicolas Maduro and, according to the   whitepaper , the original idea came from the previous president, Hugo Chavez. He wanted a “strong cur...
Post a Comment
Read more

DECENTRALIZED FINANCE; WHAT IS IT? – Part 1

      More than t en years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi. What Decentralized Finance? ‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos. ‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’ Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n ...
Post a Comment
Read more