Ukraine Electoral Commission Uses NEM Blockchain for Voting Trial

Someone from Ukraine’s Electoral Commission revealed in an Aug. 7 Facebook posting that they are working with NEM on a blockchain voting pilot.

Oleksandr Stelmakh, leader of the State Register at the Central Electoral Commission of Ukraine, seemed satisfied with the ongoing tests. In his posts, Stelmakh  wrote that they are “continu[ing] a series of experiments applying blockchain technology within electoral voting.”

Stelmakh pointed out that they made a test vote using 28 hubs with the NEM blockchain “several weeks ago,” including that “voting is still open and anyone can take part it in.”

The preliminary, which came about as result of an association with the local NEM Ukraine, including a testnet with test NEM tokens “kindly given by a representative of the NEM Foundation in Ukraine,” Anton Bosenko.

Based on current rates, Stelmakh figured the cost of installing blockchain voting in each polling station in the country will amount to $1,227 per usage. He writes that this is a “small price to pay” as a byproduct of permanent vote data protection.

Ukraine is about to complete its regulatory guidelines on ways to deal with cryptocurrencies, with the nation’s Financial Stability Council a month ago supporting the initiative to treat digital assets like financial instruments. Regardless of its generally low electricity costs, Ukraine in any case has no plans to regulate the informal mining industry, Cointelegraph revealed.