Ukraine Election Body Uses NEM Blockchain in Voting Trial

Francisco Memoria
  • Ukraine's Election body has recently used NEM's blockchain in a voting trial.
  • It found it would cost $1,227 to mplement a node in every police station in the country.

Oleksandr Stelmakh, a member of Ukraine’s Central Election Commission, has recently commented on Facebook on a voting trial conducted using NEM’s blockchain, a trial that “is still open and anyone can take part in it.”

According to Stelmakh’s post, blockchain’s advantages of allowing for decentralized data storage and immutability can help in an electoral voting process. NEM’s blockchain lets users createdtheir own assets, he noted, allowing the tests to be conducted.

The trial itself ran last month when Stelmakh asked his friends to participate in a “test vote.” It was run with collaboration from the country’s NEM Foundation group, with tokens handed over by a representative. The post reads (translated):

It should be noted that the experiment was conducted in a test environment of the NEM blockchain and that the transactions were made using test coins, which were kindly provided by the representative of the foundation NEM in Ukraine Anton Bosenko. The NEM Blockchain’s test environment has 28 nodes.

Oleksandr Stelmakh

Per the Central Election Commission’s member, the trial has so far shown that it would cost the equivalent of $1,227 to install a node in each police station in the country, a cost Stelmakh dubbed a “small fee for the lifetime preservation of such socially important data.”

The comment comes at a time in which Ukraine is working on its regulatory approach towards cryptocurrencies, which according to local news outlet ForkLog may see the country’s securities regulator treat cryptos as financial instruments.

As CryptoGlobe covered Ukraine has had to deal with cryptocurrency-related scams in the past. Back in June, authorities arrested four individuals for running six fake cryptocurrency exchanges. Despite the setbacks, crypto fans have shown they plan on building a Satoshi Nakamoto statue in Kyiv, the country’s capital.