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Home Latest News Business LayerX will develop blockchain-based voting system in Japan

LayerX will develop blockchain-based voting system in Japan

Japanese firm Layer X will be associating with a digital identity application called xID to build a blockchain-based voting system in Kaga.

According to a Thursday announcement from LayerX, the Tokyo-based company said it will be developing the electronic voting project in an attempt to promote secure elections for the city of 68,000 inhabitants. The company noted that the cost and stability of current electronic voting systems in the region needed to be addressed.

The company announcement stated:

“Voting over the Internet presents more challenges, such as preventing double voting, technical hurdles to keep ballots secret, and the cost of voting devices. LayerX researched and developed an electronic voting protocol that balances the transparency of the voting process and the confidentiality of voting records.”

According to the company, the xID application will strengthen the company’s existing voting system by helping verify a voter’s identity and ensuring only one ballot is issued for each person. LayerX’s system will allow voters to check their own voting results, as well as provide the cryptographic ability to independently verify that the recording and aggregation processes for a certain vote was performed correctly on the blockchain network.

Officials in Kaga were the first in Japan to announce the area a “blockchain city.” The initiative was intended to address the country’s population decline in rural areas by encouraging firms to use innovative technology.

This was reported by cointelegraph.com.

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