[ad_1]
The blockchain-based mobile voting platform, Voatz, raised $ 7 million during a series A round led by Medici Ventures and Techstars companies from Overstock.
Urban Innovation Fund and Oakhouse Partners also participated in the funding, according to an announcement at CoinDesk on Thursday.
Voatz said it will use this investment to develop the accessibility and usability of its platform, as well as to enhance security, when launching new pilot projects in partnership with states, cities and towns. "Certain international jurisdictions".
The startup's application uses blockchain technology to allow voting in different types of elections using a "secure" smart device.
Lately, Voatz has led a pilot initiative with the city and county of Denver, Colorado, to provide an alternative to post-based postal voting for deployed military personnel and US citizens at the same time. in the 2019 municipal elections. The company said the pilot project was successfully concluded earlier this week.
Last year, she also organized a similar pilot project with 24 counties in West Virginia for the mid-term elections of 2018 – the first time blockchain-based mobile voting was being used at any time. a US federal election, according to Voatz.
Jonathan Johnson, president of Medici Ventures, said:
"Voting is an excellent application of blockchain technology. What Voatz does to allow more registered voters to participate in remote elections in a safe and secure manner is important. This bodes well for a more widespread adoption of the Voatz application. This is one of the reasons why we have increased our investment in the company by leading this Series A round. "
Voatz's application uses biometrics, encryption and blockchain technology to enable secure and auditable voting, according to the announcement. The company had previously participated in elections organized by political parties, universities, unions and non-profit organizations.
"Voatz has the potential to revolutionize the way we vote. By providing access via a mobile device, Voatz can significantly increase citizen engagement and the company is committed to making sure everyone votes safely, "said Julie Lein, Managing Partner of the Urban Innovation Fund.
Voting image via Shutterstock
Source link
