The Waves Enterprise launched remote electronic voting service on the blockchain. ForkLog was informed by representatives of the company.
According to the developers, the service uses blockchain at all stages of voting, not only to record final results.
“A distributed architecture and the absence of a single point of failure guarantee immutability of information and transparency for any participant in the process. Smart contracts prevent unauthorized participants from voting and verify all user actions for authenticity”, – said Waves Enterprise.
Cryptographic mechanisms protect the system from outside interference in elections. Voters can be confident in the anonymity of their vote and in the recording of the vote thanks to the decentralisation of encryption servers and distributed key generation.
The service uses homomorphic encryption, enabling the tallying of votes without decrypting them, thereby ensuring ballot secrecy.
The Waves Enterprise blockchain platform processes thousands of transactions per second and is suitable for votes of any scale: from shareholders’ meetings to national elections.
“The cost per vote is comparable to the cost of using other commercial services of a similar class and cheaper than organising in-person meetings and remote voting by post”, the company added.
Earlier in September was used in elections in the Kursk and Yaroslavl regions. More than 30,000 people took part in the vote.
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