x
--d : --h : --m : --s
Get tickets
Verified on Po.et Created with Sketch. Verified on Po.et

Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial

by

        Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial
Switzerland's “Crypto Valley” Successfully Completes Blockchain Voting Trial

Zug, a city in Switzerland's Crypto Valley, completed its first blockchain-based municipal vote on July 2, 2018, the Swiss News Agency reports. Hailed as a “success” by local officials, the vote was held using a trial digital ID system announced in June of this year. City authorities, who have issued digital identities to residents since 2017, are currently evaluating different applications of blockchain technology for governance.

The votes, which were placed through a mobile app, allowed residents with digital IDs to provide feedback on matters such as the inclusion "of fireworks at the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library or pay parking fees."

Residents were also asked if the blockchain digital ID system should frequently be used for referendum votes in the future.

According to the head of communications for the city, Dieter Müller, “the premiere was a success,” and there will be an evaluation of the exercise's technical details in the coming months with a focus on privacy and voting secrecy, as well as on ensuring results are verifiable for future elections.

Still, Müller was not too happy about voter turnout, believing more citizens could have taken part. Out of 240 total voters who registered, only 30 percent participated in the trial. “The number of participants could have been higher,” he conceded.

Müller revealed that while most of the residents found it easy to vote using their smartphones, a small fraction of voters still had difficulty with the process. The exercise also revealed other meaningful use cases the city can explore for the digital ID system, such as using the technology for parking fee payments and tax returns.

Zug is a hotspot for cryptocurrency and blockchain companies known for its low taxes and favorable cryptocurrency laws. This blockchain-friendly city is home to a cluster of cryptocurrency businesses and foundations, including the Ethereum Foundation, Tezos Foundation, ShapeShift and Xapo.


Recommended

BlueWallet Brings Lightning Network to Apple Smartwatch With New App

Popular Bitcoin and Lightning Network wallet BlueWallet has released a smartwatch-compatible version of their wallet app, the first attempt to bring Lightning support to the Apple hardware.

Landon Manning

Fintech-Related Lobbying Attracted $42 Million in Q1 2019

In a bid to carry out their agendas, crypto firms have turned to lobbying.

Jimmy Aki

Bitcoin 2019 Gears Up to Bring Bitcoin Back Into the Conference Spotlight

"Bitcoin 2019 is about realigning our collective focus toward what really matters — innovation, community, inclusivity and memes. It’s about bringing together the industry to build relationships as well as partnerships."

Colin Harper

U.S. Citizens Can Now Accept Their Federal or State Tax Refund in Bitcoin

The new program called CoinRT gives Refundo users the opportunity to take their federal and state income tax refunds in bitcoin.

Colin Harper