Waves Enterprise, a significant expertise firm specializing in blockchain-based options for companies and governments, has inked a brand new compan
Waves Enterprise, a significant expertise firm specializing in blockchain-based options for companies and governments, has inked a brand new companion to streamline its e-voting service.
Based on a Dec. 16 announcement, Waves Enterprise has signed a memorandum of understanding with blockchain platform Ontology to combine decentralized identification instruments into the Waves Enterprise e-voting system.
As a part of the partnership, Waves Enterprise and Ontology intention to unravel one of many largest challenges of digital voting — consumer authentication and identification. The businesses particularly plan to use Ontology’s new decentralized id resolution generally known as ONT ID.
Artem Kalikhov, chief product officer at Waves Enterprise, informed Cointelegraph Ontology’s DeID expertise will substitute different conventional strategies like e mail verification. “Proper now we depend on conventional net authentication, by way of registered e mail method,” he mentioned.
Li Jun, founding father of Ontology, defined that the Ontology-powered e-voting integration would require customers to create their ONT ID first to bind their private information and credentials. “Then their voting data could be traced on a sequence which isn’t erased,” Jun famous.
Jun emphasised that consumer privateness won’t be compromised as ONT ID serves as a decentralized entity. Nonetheless, information like hashes or transaction numbers can nonetheless be tracked, he mentioned. “Customers have the precise to decide on what particular information they want to share [because] the information is totally owned by themselves,” Jun added.
Based on Kalikhov, Waves Enterprise is initially trying to combine ONT ID as a module. “On the preliminary stage, our blockchains will almost definitely function individually from one another,” Kalikhov mentioned. The businesses would possibly make their blockchain networks interoperable sooner or later.
The information comes shortly after Waves Enterprise publicly launched its blockchain voting system in November 2020. Concentrating on companies and board governance, the system makes use of blockchain to securely report every vote with out having to disclose the id of people casting ballots.
This technique has been beforehand trialed in Russia throughout the nation’s parliamentary elections in September 2020. Kalikhov mentioned that the newly launched platform is considerably completely different from the one utilized in Russia, because the deployment was based mostly on “Russian cryptography” and completely different mechanisms for identification and anonymization.