💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Smartmatic Seeks to Apply Blockchain in Future Elections in Philippines

Published 07/30/2018, 09:39 AM
Updated 07/30/2018, 09:41 AM
 Smartmatic Seeks to Apply Blockchain in Future Elections in Philippines

Electronic voting solutions supplier Smartmatic is eyeing to use blockchain in future elections in the Philippines, according to a report by local newspaper the Philippine Star. The move is an apparent attempt by the supplier of vote-counting machines (VCMs) to rectify itself after sparking accusations over its role in the last national elections in the country.

The company drew heavy flak on suspicion some of its executives colluded with the former administration to favor a particular vice presidential candidate in the 2016 elections.

The results of the 2016 polls for the vice presidential post is under review by the Presidential Electoral Tribunal.

“We’re still studying if this (blockchain technology) would be applicable here in the Philippines… Blockchain will make [our system] even more secure and transparent,” Smartmatic Philippines Jane Coo told the Star.

Coo said utilizing blockchain technology in the country’s mid-term elections in May 2019 would make the polls more secure while at the same time allowing voters to cast their ballots online. Blockchain would bring full trust and confidence among voters as the distributed ledger technology relies on a network of nodes that are regularly synchronizing information making hacking and breach of security almost impossible, Coo added.

Smartmatic used its TIVI blockchain technology in the recent local plebiscite in Norway that saw a record 85% voter turnout with voters allowed to cast their votes online even as polling stations were set up for areas without internet access.

The Philippines poll body, the Commission on Elections (Comelec) renewed Smartmatic’s contract to supply VCMs for the next elections in May.

Blockchain in elections

Last June, Zug, Switzerland pilot-tested its first-ever blockchain-enabled election. The trial ran until the first week of July. Zug said going the route of blockchain-powered election system would eliminate any chances of cheating or tampering of votes.

“Who knows, in five or ten years’ time blockchain may be used for votes. Not everyone has faith in the blockchain or even e-voting, but I personally believe in its potential," said Zug Mayor Dolfi Mueller.

In March, Russia’s state-run public opinion research firm VTSIOM used blockchain to collect data from exit polls in the country’s recent presidential elections.


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.