Votem is a blockchain-based voting platform accessible through any mobile device. Find out how it works today in our review.
What is Votem?
Votem is a blockchain-based voting system powered by the VAST token. Found online at Votem.io, the website describes the token as “the only token that will enable citizens around the world to easily vote online and from their mobile devices with an unprecedented level of verifiability, accessibility, security, and transparency.”
The company behind Votem was founded in 2014. Their goal is “to change the way we vote” using mobile technology. As blockchain technology has emerged, the company has recognized the potential to combine its mobile platform with blockchain to create an immutable source of voting data.
So far, Votem has partnered with states and municipalities across the United States. Some of its customers have included the State of Montana, District of Columbia, City of Detroit, Rock and Roll Hall of Fame, and the Ohio State Bar Association.
Votem recently announced a token sale for January 2018.
As one media outlet explained, Votem “intends to democratize democracy” using blockchain technology. With that in mind, let’s take a closer look at how it works.
How Does Votem Work?
Votem enables citizens, organizations, and governments around the world to easily manage or participate in online voting while enjoying the highest possible levels of verifiability, accessibility, security, and transparency.
Votem’s platform and team aim to improve the effectiveness of voting by ensuring the integrity of the voting process, including the confidentiality of voters’ choices and the validity of results for both private and public sector elections.
The core of the Votem platform is a mobile app built using a private blockchain framework. Public sidechains are used to provide additional verification. The blockchain uses end-to-end homomorphic encryption and mathematical proofs, all of which are enabled by VAST tokens.
VAST Tokens are ERC20 tokens that grant secure access to the platform. You can spend VAST tokens on any election. However, only one token can be used for an election at a time. You can purchase Votem’s VAST tokens from a crowdsale in January.
Who’s Behind Votem?
Votem is led by Pete Martin (CEO). Other key members of the team include Bob Stewart (CTO), Dave Wallick (Director of Testing and Certification), and Srini Kandikattu (VP Engineering).
Martin launched Votem after successfully exiting his consulting business in 2014. He realized he had a keen interest in mobile voting when he tried to answer the question, “How can one positively impact one billion people?” Martin realized secure, blockchain-based, mobile voting could pave the way.
Votem was founded in Cleveland, Ohio in 2015. In 2017, Votem made headlines for launching the world’s largest online voting system using blockchain. The platform registered over 1.8 million votes for the Rock and Roll Hall of Fame’s Fan Vote. The platform was accessed by voters across America. Votem was picked for the 2017 event after the previous year’s online voting system had been compromised due to hacking.
The Votem Token Sale
Votem announced its token sale on November 16. Registration for that token sale opens on December 5, with the token sale launching on January 25, 2018.
VAST tokens are ERC20 compliant tokens that allow an individual or organization to have secure access to the Votem platform, including the features needed to successfully operate elections on the platform. Tokens are similar to a perpetual software license.
Once tokens are purchased, they can be used for any number of elections. However, only one token can be used for an election at a time.
Votem’s token sale is securities-grade and fully SEC-compliant. Tokens will be sold through the Token Market platform.
How will Votem use the money raised from the token sale? The company already has funding, including $1 million from founder and CEO Pete Martin as well as a Series A capital raise from professional investors.
However, they believe “it’s critical to practice what we preach”, and the clearest expression of their belief in blockchain is to do a capital raise. “This is not simply about raising funds,” explains Votem in their whitepaper.” This is about creating a global ecosystem to leverage our distributed voting protocol in elections around the world.”
Votem is accepting ETH in exchange for VAST tokens during the token sale.
We live in a technologically advanced world. However, our voting systems are still stuck in medieval times. Many countries use paper ballots. Others have tried to use electronic systems, mobile voting systems, or online voting platforms, only to encounter major problems with fraud. Votem seeks to do things differently. The company has built a blockchain-based voting platform accessible through a mobile device.
Votem already exists: they’ve partnered with Washington, D.C., the State of Montana, the Rock and Roll Hall of Fame, and other major entities across the United States. Earlier this year, Votem made headlines for securely processing nearly 2 million votes for the Rock and Roll Hall of Fame’s fan voting campaign.
To learn more about Votem and their upcoming token sale, visit online at Votem.io.