Share this article

South Korea Eyes More Reliable E-Voting With December Blockchain Trial

South Korea's National Election Commission says it is building a blockchain-based voting platform to be trialed in December.

Updated Sep 13, 2021, 8:37 a.m. Published Nov 28, 2018, 2:10 p.m.
shutterstock_363474314

South Korea is set to test a blockchain system next month in an effort to improve the reliability and security of online voting.

The National Election Commission (NEC) announced the news Wednesday, saying it will begin the pilot in December with development assistance from the Ministry of Science and ICT.

STORY CONTINUES BELOW
Не пропустите другую историю.Подпишитесь на рассылку Crypto Daybook Americas сегодня. Просмотреть все рассылки

The NEC’s existing online voting system, K-voting, has reportedly has been used by 5.64 million people, but there are concerns over its vulnerability to hacking and voter fraud.

The proposed blockchain system is expected to increase security and transparency, the NEC said, adding that the outcome of votes would be more “credible” with blockchain, as it is “almost impossible" to manipulate results, while candidates and election observers would have direct access to voting data.

Реклама

The pilot will help the commission create a “foundation" for future online voting systems, it said, and could ultimately be integrated with K-voting if the trial is successful.

Specifically, the trial will see the blockchain system being used for online surveys by Seoul National University's Blockchain Society and the Korea Internet & Security Agency, a subsidiary of the science ministry.

The NEC is also looking to explore Big Data and internet of things technology for its voting system going forward.

Harnessing blockchain's transparency and immutability for voting systems has been a growing use case for the tech for some time.

Among various projects launched in recent months, Japan’s Tsukuba city government tested a blockchain-based system that lets residents cast votes to decide on local development programs in September.

The U.S. state of West Virginia rolled out a blockchain-based mobile voting app in August, allowing military personnel stationed abroad to more easily cast ballots in the midterm elections.

Voting box image via Shutterstock

Більше для вас

Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

Що варто знати:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.