Nasdaq’s E-voting Proof of Concept Hailed as a “Success”

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Nasdaq, the second largest exchange in the world, has published findings of a trial on January 23 where blockchain technology was implemented for e-voting, announcing the Proof of Concept a “success” and shows that the technology behind Bitcoin is versatile, with applications beyond transaction settlements.

In February 2016, Nasdaq announced the partnership with the Republic of Estonia, stating that the country’s e-Residency platform would have a blockchain-based e-voting service to allow shareholders of companies to vote in shareholder meetings.

This platform was made possible by the collaboration with Nasdaq and Chain, with much of the e-voting system deriving from Chain’s smart contract technology. Due to the absence of smart contract support in the Blockchain API, custom scripts, as well as API modifications, were necessary.

The proxy voting process in the past historically was labor-intensive and fragmented, but thanks

Read more ... source: TheBitcoinNews

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