The next-generation, open-source blockchain for building decentralized applications- Æternity is collaborating with the Uruguay Digital Party to optimize the participation processes of the party members through the use of blockchain technology in internal voting.
In an exclusive interview, CEO of Æternity Americas Pablo Coirolo told Blockchain News that Æternity protocol will be able to verify voters and allow for anonymity.
“This is a governance app which allows party members to vote internally on party policy, stated Coirolo. “We separate identity from the vote on Blockchain.”
Coirolo, born in Uruguay and raised in the USA, is a former Agricultural Engineer with an MBA who went on to head Telefonica in Uruguay, before entering the high finance world of M&As. In 2014, when he discovered bitcoin and blockchain he was hooked.
While building the CIE ORT Aeternity Centre for Innovation in Blockchain at ORT University of Uruguay, he was introduced to the political leaders of the Digital Party of Uruguay who jumped on board.
“It all happened very fast,” said Coirolo.
“The application of democratic governance that will be implemented by the Digital Party is based on the internal governance solution that Æternity uses for internal community decision-making, which is a completely new architecture, allowing greater participation of citizens in political decisions at all levels, with unalterable reliability,” added Coirolo.
“This is an important milestone on the road to the massive use of blockchain technology to benefit democratic institutions.”
This allows for both transparency and credibility – as well as honest voting without repercussion which will allow members of the Digital Party to participate in the political decisions of their community in a decentralized manner. Uruguay’s stable and forward-looking politicians, strong IT sector and openness to financial innovation and foreign investment and ideas makes it ripe for blockchain to enter the political realm.
Æternity will work in two main areas.
- The first phase of the project will focus on the development of a decentralized application based on the “liquid democracy” model, which operates with tokens using a basic set of smart contracts that the Digital Party will use for its internal governance.
- A technological solution will also be developed for the collection and validation of adherent identities. This will allow the Digital Party to create a secure and transparent database.
In this way, each citizen can vote on proposals and give ideas directly and safely, thanks to encryption techniques that ensure a verifiable process separating the identity of the vote, which is kept secret.
Started in 2013, the Digital Party’s representatives affirm that it is the first political party focused on bringing the digital era to the political sphere of Uruguay. It is defined as a group of people who believe that each Uruguayan must audit their representatives and take advantage of technology to expand citizen influence.
“We want to put technology at the service of Uruguayans to add participation and transparency to decision making. We believe that the benefits granted by blockchain in terms of security and decentralization of processes allow us to offer Uruguayans a solution according to our expectations,” said Digital Party President Justin Graside.
The Digital Party will campaign during the next national elections of October 2019 and in the departmental elections of the following year.
- Smartlands to Digitise Own Equity; Unveils Plans For Security Token Offering in the US - December 9, 2019
- ShareRing Partners with Thailand’s new E-Visa System: Mainstream Blockchain Adoption - December 9, 2019
- ELEV8CON adds BBVA, Bumble Bee Foods, State Street, Ticketmaster to Lineup for Enterprise Blockchain and Digital Asset Conference - December 9, 2019
- Mintdice – Playing it Fair with Blockchain - December 9, 2019
- Juventus Become The First Football Club In The World To Be Tokenized - December 3, 2019
- London’s Travala.com Teams Up With Amsterdam’s Booking.com In Massive Crypto Travel Deal - November 28, 2019
- High-Powered Group of Legal Experts Determine Cryptoassets and Smart Contracts Legal Under UK Law - November 21, 2019
- Hyperledger Adds Eight New Members – Rolls out Updates - November 21, 2019
- Failed ICO, Token Sale Project SNIPs Acquired by Sonos for $37.5 Million - November 21, 2019
- Algorand Launches Protocol Upgrade, Setting the Stage for the Next Wave of Distributed App Development - November 21, 2019
- ArcBlock Partners with Ride-Sharing Service GoFun to Develop Services and DApps on Blockchain - November 20, 2019
- Hacktivist Phineas Fisher Cracks Cayman National Bank and Trust – Offers $100,000 Bitcoin/Monero Bounty To Other to Hack Banks, Big Companies - November 20, 2019
- Graph Blockchain to Acquire Shroom Street – Cracking Psychedelics Market - November 20, 2019
- OpEd: Burned By Bitwala – Visa Card Money Gone When Wavecrest Wound Down - November 19, 2019
- Chinese Military Eyes Blockchain Technology for Rewards Programme – Boosting Training and Gamifying System - November 18, 2019
- FinCEN Boss: American Regulators to Strictly Enforce AML in Crypto Industry - November 18, 2019
- Visa’s Rolls Out New Blockchain LucidiTEE – Tackles Concerns related to misuse of sensitive user data, when shared with third-parties. - November 18, 2019
- Utrust Joins Forces with Alternative Airlines for Flight Bookings with Crypto - November 13, 2019
- Dark Web Drug Dealer Pleads Guilty To Using Cryptocurrency to Launder More Than $19 Million - November 13, 2019
- Dutch Police Bust CEO of Blockchain Game Firm, Komodore64 – €78 million Gone? - November 13, 2019