Blockchain voting system: how to vote through the distributed ledger

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Blockchain voting system: how to vote through the distributed ledger

Recently, a South Korean government used a technology developed by the startup called Blocko to set a blockchain voting system.

The province of Gyeonggi-do decided to use the so-called Blocko’s Coinstack platform to set a blockchain voting system to make decisions on community projects as part of the Ddabok program.

Through this program, citizens can propose their own ideas for aid; then the provincial government can decide to award budgets to fund the best and winning projects.

A few months ago, the same process was conducted by officials in Gyeonggi-do, but holding a vote using traditional methods was too expensive.

But now, thanks to the new partnership with Blocko, Gyeonggi-do organized a blockchain voting earlier this month. This vote was part of a bigger program to look for new alternative methods for approving projects.

Citizens submitted 9,000 votes, in both online and offline voting, selectioning more than 500 community aid projects.

Blocko CEO Won Beom Kim commented:

“We used blockchain and Lua based smart-contracts on our blockchain platform (and) Coinstack to create a dynamic voting process to solve this problem. In this process, offline voters, online voters, and professional representatives all contributed to a fair and deterministic result which resulted in the selection of 527 community projects.”

In a press release, the provincial government celebrated the use of the distributed ledger for the community vote and indicated that blockchain could be used more in the next future.

“We can complement the limits of representative democracy with some direct democracy systems by using blockchains, the technology of the Fourth Industrial Revolution,” said governor Nam Kyung-pil.

This is not the first time South Korea uses the Blocko-provided technology.

Also, back in November 2016, the Korea Exchange (KRX), a South Korean security exchange operator, hired Blocko to develop a smart contract with the main purpose of authenticating and verifying documents.

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Amelia Tomasicchio
Amelia Tomasicchio

Amelia Tomasicchio is a content writer and marketer of Bitcoin-related news and fintech startups. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

One thought on “Blockchain voting system: how to vote through the distributed ledger

BablofilPosted on  12:50 am - Mar 12, 2017

Thanks, great article.

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