Blockchain technology growth through the voting sector
Medini City, Iskandar Puteri, Johor, 4 April 2019: An Electronic Voting or E-Voting web
application developed by OK Blockchain Centre (OBC) using blockchain technology which is the latest decentralized technology without involving a third party is finally released for public use after a successful internal launch at its main office in Iskandar Puteri, Johor, Malaysia. OBC has developed the electronic voting application using blockchain technology as the first step in commercializing the OKWAVE groups blockchain development project called Thor’s Hammer.
The application, which is known as BcVote, is an electronic voting platform which allows every voter to record their secure ballot electronically without involving any third parties such as tellers and election officials. Other than that, voter’s vote will be stored digitally using decentralized server and dispatched through blockchain technology for real time counting.
This technology will facilitate the government to effectively manage election costs and encourage the number of voter-turnout by logistics convenience. On a medium scale, the voting application can also be used for simple questionnaires and opinion polls.
“Today, our voting system is critical for all value added stakeholders. Voter-turnouts and speed are among the most sensitive parameters.
The release of BcVote at beta stage, is a push forward to cater for high-volume data streams in real time with complete accuracy besides logistics convenience to target voters,” said Gen Matsuda, CEO of OBC. “Our application is targeted to serve various scales of market, which may include SMEs, organizations and up to country level voting, and by the end of this year BcVote will be involved in international market. I
can say with full confidence that BcVote is an upcoming technology disruption that is
accelerating faster than ever before.”
BcVote application sets apart from its peers, as it is solidly built on a blockchain technology. What is blockchain? Blockchain is a distributed ledger that is used to maintain a tamper-proof records of transactional data. It functions as a decentralized database that is managed by computers owned by peer-to-peer (P2P) network. Each of the computers in the distributed network will maintain a copy of the ledger to prevent a Single Point of Failure (SPOF) of the application.
All copies of data are updated and validated simultaneously which makes it visible
for the voters to track their voting transactions. To maintain high level of security and robustness, matched to criticality of crypto transitions, BcVote application adopted Thor’s Hammer platform, an original blockchain platform provided by OKWAVE as the backbone. The Thor’s Hammer platform gives the mileage of Turing Complete, a system with features to recognize or decide other data-manipulation rule sets; and it assists the application to execute scripts across the network within its distributed public nodes.
These nodes provide the processing power for the BcVote application to run on the network. In addition, smart contract is deployed into application for accuracy in vote-counting and integrity of the voters compliant to the election rules. The smart contract is applied throughout the network in the same blockchain that records the transaction ledger of the application. These digital contracts are a set of rules that runs in the script prior to the success of each transaction.
The Thor’s Hammer platform has built-in mechanisms to detect when an agreement is not met. Generic function of smart contract includes item-trade such as properties, money, and stocks. In the next phase, OBC plans to include token into BcVote application as a feature to enforce security. This new implementation is targeted for April release. Adapting to this new technology paradigm, public must be encouraged to experience blockchain technology via this E-voting application in various environments.
As a part of OKWAVE group of companies, OBC positioned blockchain technology as core
technology together with artificial intelligence (AI) technology and information security
technology. Efforts for blockchain technology development began in 2015, and OKWAVE
proprietary blockchain development project is collectively referred to as “Thor’s Hammer”.