Press Release: Voting with future generation technology
Blockchain technology growth through the voting sector
Medini City, Iskandar Puteri, Johor, 28 March 2019: An Electronic Voting or E-Voting web application from OK Blockchain Centre using blockchain technology which is the latest decentralize technology without involving the third party have finally released for public use after successful internal launch at its main office in Iskandar Puteri, Johor, Malaysia. OBC has developed electronic voting applications using blockchain technology as the first step in commercializing the OKWAVE group’s blockchain development project Thor’s Hammer.
The application, which is known as BcVote, is an electronic voting platform which allows every voter to record their secure ballot electronically without involving any third parties such as teller and election officials. Other than that, voter’s vote will be stored digitally using decentralize server and dispatch through blockchain technology for real time counting. This technology will facilitate the government to effectively manage election costs and encourage number of voter-turnouts by logistics convenience. On a medium scale, the voting application can also be used for simple questionnaires and opinion polls.
BcVote application sets apart from its peers, as it is solidly built on blockchain technology. What is blockchain? Blockchain is a distributed ledger that is used to maintain a tamper-proof record of transactional data. It functions as a decentralized database that is managed by computers owned by peer-to-peer (P2P) network. Each of the computers in the distributed network will maintain a copy of the ledger to prevent a Single Point of Failure (SPOF) of the application. All copies of data are updated and validated simultaneously which makes it visible for the voters to track their vote transactions.
To maintain high level of security and robustness, matched to criticality of crypto transitions, BcVote application adopted Thor’s Hammer platform, an original blockchain platform provided by OKWAVE as the backbone. The Thor’s Hammer platform gives the mileage of Turing Complete, a system with feature to recognize or decide other data-manipulation rule sets; and it assist the application to execute scripts across the network within its distributed public nodes. These nodes provide the processing power for the BcVote application to run on the network.
In addition, smart contract is deployed into application for accuracy in vote-counting and integrity of the voters compliant to the election rules. The smart contract is applied throughout the network in the same blockchain that records the transaction ledger of the application. These digital contracts are a set of rules that runs in the script prior success of each transaction. The Thor’s Hammer platform has built-in mechanisms to detect when an agreement is not met. Generic function of smart contract includes item-trade such as properties, money, and stocks.
In the next phase, OBC plans to include token into BcVote application as a feature to enforce security. This new implementation is targeted for April release. Adapting to this new technology paradigm, public must be encouraged to experience blockchain technology via this E-voting application in various environments.
As a part of OKWAVE group of companies, OBC positioned blockchain technology as core technology together with artificial intelligence (AI) technology and information security technology. Efforts for blockchain technology development began in 2015, and OKWAVE proprietary blockchain development project is collectively referred to as “Thor’s Hammer”.
For more info: https://bcvote.okbc.my
About OK BLOCKCHAIN CENTRE Sdn Bhd
■ OK BLOCKCHAIN CENTRE SDN. BHD. (OBC)
OBC is an IT development center responsible for the strategic advancement of the OKW group (Japan), based on blockchain technology. OBC is located at a Medini 9, Central Business District of Iskandar Puteri, Medini City.
OBC has a wide range of collaborations with Malaysia government, local universities and local influential companies. OBC aims to make Johor a blockchain development special zone. For more information, visit us at: https://www.okwave.global/
About OKWAVE Inc
OKWave Co., Ltd. was established in July 1999. Japan’s first and largest Q & A site, aiming to “realize both physical and physical well-being through the creation of a place to help each other and contribute to the development of the world”. OKWAVE (https://okwave.jp) has been in operation since January 2000. There are various services provided based on OKWAVE’s Know-How. This includes No. 1 FAQ system that is OKBIZ for FAQ / Helpdesk Support (https://www.okwave.co.jp/business/service/biz-faq-helpdesk/) which covers major corporations and more than 500 Japanese government agencies; OKBIZ for Community Support (https://www.okwave.co.jp/business/service/okbiz-cs/) as customer participation support community tool; OKBIZ for AI Agent (https://www.okwave.co.jp/business/service/okbiz-ai-agent/) as AI agent services; and more.
OKWAVE became a public company in June 2006 and is listed on Nagoya Centrex Market (3808:Nagoya).
At present, OKWAVE are providing services for rewarding the member of society in the expansion of “Thanks Economy” (https://thanks-economy.com/) platform using combined technologies of AI, Blockchain and Information security.
For media inquiries, contact:
NORLISA BINTI FRANCIS NORDIN
Senior Manager, GENERAL AFFAIRS