Voting

A blockchain service for voting has the potential for major impact on corporate governance. The tool facilitates transparent surveys, corporate votes and referendums, with built-in fraud resistance.

Ready to use

You can try blockchain voting right now, the service is open for public beta testing. Go through the registration process and organize your poll.

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You can use the service for free during the testing phase, and there are no restrictions on its functionality.

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Detailed instructions on how to organize a vote or survey can be found in the documentation. If you have any questions about the service or want to suggest improvements, let us know here: support@wavesenterprise.com

Blockchain advantages

Voting results recorded to the blockchain cannot be altered. The service also enables anonymous use of evidence with zero disclosure of recorded votes, and every user can make sure their vote has been counted.

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Controllability
Only identified users who have the correct rights can interact with the system and access the service. Administrators can create polls and participants can vote. All participants’ actions are automatically verified by a smart contract and recorded to a trusted registry.
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Confidentiality
The anonymity of voting is enabled by homomorphic encryption, which hides the link between a participant’s identifier and their choice but shows that their vote has been counted. Vote counting is also encrypted, and the poll organizer can see only the final results.
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Reliability
The voting mechanism rules out tampering or replacement of data at any stage of the process. A smart contract prevents unauthorized users from voting. Voting results are protected by cryptographic algorithms and data immutability is guaranteed by the blockchain’s principles of operation.
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Verifiability
A distributed blockchain network, such as the one on which the solution is based, facilitates the creation of a secure contour for organizing independent polls without a centralized authority required to count votes. It also enables verification of the authenticity of votes by all authorized users.
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Consistency
Thanks to the use of blockchain, all data pertaining to voting results is stored in a decentralized way. The consistency of data is enabled by a consensus algorithm that allows each system user to obtain the same version of the truth.
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Throughput
The Waves Enterprise network, which is the core of the digital voting system, has a high throughput. The unique blockchain architecture, based on PoS and PoA consensus algorithms, facilitates processing of up to 1,000 transactions per second, enabling large-scale voting events.
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User-friendliness
The system’s user-friendly interface enables timely receipt of notifications for voting, efficient and transparent interaction with the blockchain, checking the correctness of displayed information, and the creation of reports based on voting outcomes.

Voting process

In simplified form, the process works as follows:
  1. An administrator creates a new poll and adds users

  2. Users receive email notifications about the new poll, follow a link and find out further details of the poll

  3. On the appointed day, users vote

  4. Each ballot is encrypted and stored in a smart contract, waiting for further processing

  5. Upon completion of voting, the process of vote counting and decryption of final results begins

  6. The smart contract publishes unencrypted final results

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Advantages compared to regular voting processes
  • Attracts more voters due to high throughput of the decentralized network

  • Creation of transparent and trusted voting procedures

  • Reducing overheads by eliminating printing and processing of physical ballots

The service is relevant for:
  • Limited companies

  • Public companies

  • Credit cooperatives

  • Bank organizations

  • Condominium partnerships

  • Management companies

  • Municipal and federal elections

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Sign up for the service and use it for free during the test period. There are no restrictions on functionality.