Voatz: Biometric & Blockchain Powered Voting System?

Voatz is developing a platform to enable remote voting using a smartphone app. The software will use biometrics to verify identity and a blockchain to provide a tamper-proof record of votes, effectively addressing the security problems that have plagued previous attempts at internet voting platforms.

The software has been in development for several years, and has recently entered public testing in Boston and the San Francisco Bay Area. The company's ultimate ambition is to increase voter participation by simplifying the process of voting.

About Voatz

Voatz was founded by Nimit Sawhney, who still appears to be the company's sole employee. Sawhney holds a Master's degree in computer science from Carnegie Mellon University, and has over a dozen years of professional software development experience.

Since founding Voatz in 2014, he has discussed its idea at several conferences, and attracted over $2 million in seed funding from angel investors. Several software developer job openings at Voatz are posted around the internet, so the company may have more employees than Sawhney, but he remains the face of the company.

Unfortunately, Voatz's website provides frustratingly little information about the technology and its features. The company does not appear to have published a whitepaper, only a short introduction video and several blog posts. More information about the product can be learned from Youtube videos of Sawhney's lectures than from the website.

The company has received coverage several popular publications, most notably Forbes and Inc., but has not yet gained a large following on social media. It has also partnered with Clear Ballot, an influential organization focused on using technology to improve voter participation.

The Product

Voatz's sole product is an app that allows voters to participate in elections remotely, using a smartphone app. The app will verify each user's identity using biometric information (most likely facial recognition, but this is not thoroughly explained), and record their votes in a blockchain. The company suggests that its product could be useful not only for communities holding political elections, but also for groups conducting opinion polling or internal votes.

Blockchains, an innovation introduced by the cryptocurrency Bitcoin, offer inherent security because their design prevents past records from being altered, and entries can be added pseudonymously.

Blockchains are gaining use in a wide variety of applications because of their security and portability, and Voatz is likely the strongest product thus far to apply it to decentralized voting. However, without a whitepaper or detailed FAQ webpage, it's unclear exactly what features the service will offer, or when it will be fully released.

The Opportunity

Voatz's platform is being tested in several large cities around the United States, including Boston and San Francisco. While the project is still in its early stages and is so far embraced only by early adopters, its progress is promising, and it is gaining significant attention at conferences centered on blockchain technology. Voatz's business plan seems to be to sell or lease the use of their product to groups holding elections, but this is not fully explained.

Investing in Voatz is apparently restricted to larger private firms; it's not clear if individuals can casually invest small amounts in the company. The website Crunchbase, which tracks funding for startup companies, lists only 11 investors.

The Voatz Verdict

It's unlikely that Voatz will replace traditional voting anytime soon; large portions of the public don't own smartphones, and many voters have a deep mistrust of any fully electronic system that leaves no paper trail. The company's goal of increasing voter participation is truly noble, but it will likely require a significant shift in public attitudes about internet voting before such technology gains major traction.

The company also ought to include considerably more information on its website, including both technical details and descriptions of its features, in order to win over skeptics. Nonetheless, everyone enthusiastic about blockchain technology should keep an eye on Voatz and its public tests, since it could be providing a glimpse at the future of elections.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,471FansLike
2,795FollowersFollow
4,197FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Moves: Options Market Indicate Bullish Price Outlook

This week, bitcoin is making its way upwards, albeit at an extremely slow pace. Yesterday, we went to nearly $9,500 but are currently trading...

CFTC Chair Is Ready to List More Crypto Based Futures; Just Waiting on SEC's Clearance

The Chairman of Commodity Futures Trading Commission (CFTC), Heath Tarbert, has said that they are waiting for SEC clearance on more digital assets to...

Mercedes-Benz Parent, Daimler AG, Pilots PoC Supply Chain Data Sharing System with Ocean Protocol

Daimler AG, the Mercedes Benz carmaker, has partnered with the decentralized data-sharing platform - Ocean Protocol. The partnership would help the Daimler to store their...

Insufficient Clarity for Regulations And Taxes May Force US Investors Move On: Coinbase Tax VP

The Chief Tax Officer of Coinbase, Lawrence Zlatkin, believes that lack of clarity in the US' crypto taxes could alienate prospective investors. He shared...

Chinese Ride-Hailing Unicorn, Didi Chuxing, to Pilot Digital Yuan; First Mass Scale Use of DCEP

China's 'Uber,' Didi Chuxing, will test run the digital yuan according to an announcement on July 8. The Chinese ride-hailing unicorn has over 500...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today