This article was first published on OntologyNetwork - Medium
Voting just got a whole more secure.
The two blockchain companies have signed a Memorandum of Understanding and entered into a technological partnership. As part of the deal, the companies will share their tech experience and vision, provide mutual consulting on their blockchain solutions, and jointly develop and integrate related technologies.
Voting technologies similar to those used in Waves Enterprise’s online voting service were tested and applied in an e-voting system developed for the Russian Central Election Commission by Rostelecom and Waves Enterprise during the single voting day in the Russian Federation, when more than 30,000 people took part in voting. This system employed the Russian unified identification and authentication system to identify users, which is centralized and not available to corporate users.
User authentication and identification are weak points of any e-voting system, even if it is fully implemented on a blockchain and utilizes advanced encryption. Together, the companies will explore how to integrate DID technologies into the voting service so that corporate users can seamlessly use and benefit from a fully decentralized approach.
“To implement and launch the voting process in some types of legal entities, we need to integrate our e-voting platform with KYC service providers, since trusted user authentication and verification is an essential requirement. Ontology DeID is a promising product that can help reach these goals. Therefore, we are focused on mutually beneficial cooperation and deep integration of our products.’’ — said Artem Kalikhov, CPO at Waves Enterprise.
Ontology’s founder, Li Jun, said: “Voting is a new and profound application for identity verification and privacy. It is one area that Ontology is excited to integrate with, as our DeID can do wonders ...
To keep reading, please go to the original article at:
OntologyNetwork - Medium