Saturday, 16 Nov 2019
Technology

NSE To Perform Tests To Employ Blockchain For E-Voting

NSE (National Stock Exchange of India Limited) has declared that it will examine E-voting for listed firms on Elemential Labs platform employing the blockchain tech. The aim is to offer a short risk effort solution for E-voting. As per a media release, the pilot (intended at offered a low risk and highly transparent solution for E- Voting) will improve the transparency in the voting procedure.

NSE To Perform Tests To Employ Blockchain For E-Voting

The traditional blockchain will be developed on Hyperledger structure employing Elemential platform. NSE is the associate that is also in command of managing and building the front-end app.

The pilot project will include setting up a blockchain to link the regulator with the firm and the RTA at the time of voting process. Employing the system, voting rights will be tokenized that will make them unproblematic to proxy and transfer. The ease of conducting the voting process and auditability of the processes on the chain employing blockchain will be the evaluating parameters on which the project will be judged.]

Speaking blockchain, the World Bank is entering into the brave new realm of digital finance to trade the first-ever bond to be launched completely employing blockchain tech, the bank declared to the media. More than just finances, the World Bank targets to attain experience employing blockchain that can result in “a bright future” for fiscal services in developing countries, an official of the bank claimed to the media in an interview.

The tech is most often related with cryptocurrencies (such as bitcoin). These cryptocurrencies often lifts suspicion about their volatility and reliability, as well as their employment for criminal reasons. But since there is no central bank-supported digital currency in presence, the 2-year blockchain bond will depend on Australian dollars (real cash). The Washington-located development lender plans to lift almost Aus$50 Million (close to $36 Million)

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