Thursday, August 9, 2018

Ukraine Electoral Commission Uses NEM Blockchain for Voting Trial

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

Oleksandr Stelmakh, head of the State Register at the Central Electoral Commission of Ukraine, appeared happy with the continuing tests, writing in the post that they're “continu[ing] a series of experiments applying blockchain technology within electoral voting.”

Stelmakh noted that they created a test vote using twenty eight nodes with the NEM blockchain “several weeks ago,” adding that “voting remains open and anyone can participate it in.”

The trial, which occurred as a results of a partnership with the local NEM Ukraine, completely 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 value 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 regulative approach to cryptocurrency, with the country’s monetary Stability Council last month supporting the idea of treating digital assets like monetary instruments. Despite its relatively low electricity prices, Ukraine nonetheless has no plans to manage the informal mining industry, Cointelegraph reported.


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