Singapore to Test ETH Based DLT Voting System

Creators believe the main issues of traditional voting systems is the lack of anonymity and the possibility of manipulating public opinion
14 January 2020   125

The Association of Cryptocurrency Enterprises and Startups in Singapore (ACCESS) has tested the voting system based on the Ethereum blockchain.

According to the developers of the system the main problems of traditional voting systems is the lack of anonymity and the possibility of manipulating public opinion. With the help of the blockchain, ACCESS ensured the lack of communication between the voters and the votes, which means it ensured anonymity.

The blockchain voting process helps uphold the true values of democratic voting in ensuring authentic votes are being legitimately accounted for with a transparent audit trail. We are seeing the future of corporate governance through the implementation of blockchain technology starting with our most important corporate governance event, our AGM.

 

Anson Zeal

The ACCESS chairperson

For voting, ACCESS participants used the generated QR codes stored in a special smart contract. Voting status was also controlled through this smart contract, which eliminated the re-cast of votes.

Liquid Exchange to Announce Refund to GRAM Investors

Exchange returned funds in accordance with the terms of the sale, since the main TON network was not launched by October 31, 2019
16 January 2020   103

Liquid cryptocurrency exchange canceled the sale of rights to Gram tokens and announced that it would return all funds to investors.

In a message, the exchange indicates that it is obliged to return all funds in accordance with the terms of the sale, since the main Telegram Open Network (TON) network was not launched by October 31, 2019 due to a conflict with the U.S. Securities and Exchange Commission ( SEC).