Thursday, 19 October 2017 10:52

Firm launches ICO to build secure voting system

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Horizon State, an Australian blockchain-based start-up that is looking to build a secure digital voting system, has launched the country's second initial coin offering.

The sale lasts till 30 October and will distribute what are called Decision Tokens in exchange for Ethereum contributions.

The company says it aims to change the way people vote and make decisions by using the blockchain to build the secure digital voting system.

An early version of the product was used earlier this year to allow the membership of MiVote, an information platform that presents a number of perspectives, to vote in four nationally inclusive polls.

Horizon State co-founder Jamie Skella said: “We are excited to share this vision with the world. Currently, we are engaged with global NGOs, multinational enterprises, national governments, and city councils – all of which are extremely positive and encouraging discussions.

"By using a distributed ledger, Horizon State aims to deliver a digital ballot box that can’t be hacked and will maintain the anonymity of each voter.

"The end result is a system that is quicker, more convenient, and much cheaper than centralised voting processes."

Skella described the application in Australia as “drastically cheaper”, equating to a cost per eligible voter of less than $1, compared to traditional costs of $7 or more.

Proceeds from the ICO will be used to expand globally and develop a suite of voting apps, bots, and a crowdfunding platform to help drive a new democratic process that is more convenient and relatable.

Skella adds, “The future of e-voting will incorporate the technology we already have at our fingertips to deliver the opportunity to vote conveniently and securely, perhaps without ever having to leave the comfort of your home.”

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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