Japanese City to Trial Blockchain Voting System

The new system will bring blockchain security and immutability to local elections as well as reinforce Tsukuba City’s "smart city" initiative Japanese firm Layer X has announced the development of an electronic voting system based on a blockchain protocol as part of a wider “smart city” initiative being pursued by Tsukuba City.The Tokyo-based company said that the new system will meet the technical needs of electronic voting, including the prevention of double voting, accurate storage of voting content, voter confidentiality, and management of operation records.In addition, it will enable....

“Voting over the Internet presents more challenges, such as preventing double voting, technical hurdles to keep ballots secret, and the cost of voting devices." Japanese firm Layer X will be partnering with a digital identity application called xID to build a blockchain-based voting system in the Japanese city of Kaga.In a Thursday announcement from LayerX, the Tokyo-based company said it will be developing the electronic voting project in an effort to promote safe and secure elections for the city of 68,000 inhabitants. The firm stated that the cost and stability of current electronic....

Exchange operator Nasdaq has released its conclusions about a blockchain e-voting trial it conducted in Estonia last year. A new Nasdaq report, published today, details the project, which it unveiled in February 2016. At the time, the company's officials said they hoped to reduce both the complexity and cost of organizing shareholder votes as part of a bid to boost overall participation. Overall, it concluded: "This model successfully demonstrated how a blockchain could be used for something other than transaction settlement." Nasdaq leveraged information from Estonia’s....

Global stock market giant Nasdaq has announced it is developing an electronic shareholder voting system based on blockchain technology. According to Nasdaq representatives, the trial marks the first steps in a project that would allow shareholders of companies listed on the Nasdaq OMX Tallinn Stock Exchange – Estonia's only regulated securities market – to more frequently participate in voting processes. Currently, they suggested, these processes are out of touch with the needs of the market. In comments to CoinDesk, officials connected to the project cited statistics that show shareholder....

Various financial institutions and blockchain providers are testing distributed ledger technology solutions these days. Tech Bureau Inc. provides blockchain infrastructure through Mijin, and their blockchain infrastructure was successfully tested by SBI Sumishin Net Bank. Mijin Blockchain Infrastructure Field Trial. It is worth noting this field trial of Mijin blockchain infrastructure was not a typical trial of securities system, but rather to see if the blockchain can be a viable accounting system for financial players. SBI Sumishin Net Bank was curious to find out of a customer....