Join Our Mailing List
Monday September 25, 2023
Bitcoin (BTC) $26,054.98   Ethereum (ETH) $1,567.04
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Japanese political party adopts smart contract based voting from IOST

Published by CryptoNinjas.net
06/23/2020
IOST joins forces with Chinese government to foster blockchain adoption

Japanese political party – SANSEITO has implemented GUILD VOTING, a digital voting application developed and provided by PHI- an IOST core community leader and developer in Japan. IOST’s smart contract will guarantee vote counting and voting mechanism, result storage, and data reliability.

For a collective and informed decision-making process, the voting framework must be mutually agreed upon by both the main organizations and their participants. This design of the voting system needs to ensure that the vote outcome should not act as a final consensus but rather, as one of the key reference data or factors for the consensus process. At the moment, Blockchain technology can be the best solution to be implemented and to guarantee data transparency and tamper-proof.

Political voting has a big potential application for blockchain technology. Several political parties around the world have tried out voting via blockchain, with Japan’s Sanseito to be the latest to join the fold.

SANSEITO — The Political Party and A Thank Tank

The party’s policy revolves around community engagement in which the members’ voices and ideas are highly valued as just like the board members. Local problems are considered, examined, and tackled in the community. SANSEITO creates a mechanism for local voices to be heard and aims to bring their ideas widespread beyond their local community and to other parts of the nation.

SANSEITO aims to create a political environment in which its supporters are empowered to join, solve and lead the political issues in the country, which aligns with IOST’s governance direction that focuses on decentralization and partner nodes’ critical involvement in the network.

The party has been expanding rapidly due to the growth of geographically dispersed party members and supporters. This expansion requires a practical and optimal solution for performing the entire decision-making process online. GUILD Voting system fits into the puzzle as the best digital voting to assist in the decision-making process of organizations with various constituent factors.

GUILD VOTING, which utilizes IOST blockchain technology, supports about 5,000 members and supporters of SANSEITO who work together and make policy proposals for the organization.

With a user-friendly interface, you can set parameters such as agenda creation/suggestion, voting format (YES/NO or selection), and participation rate and voting rate required for approval.

GUILD provides a framework for operating an autonomous decentralized organization online and proposes a new way of project-based organization. GUILD VOTING is one of the organization management functions that the PHI team is working towards. GUILD VOTING will benefit and improve the overall governance of your organization, groups, and communities to the next level.


About PHI Inc.

A professional group of developers who design organizational reforms and systems around the philosophy of the Distributed Autonomous Organization (DAO) and a leading partner node of IOST in Japan. PHI designs and develops secure systems of data sharing using distributed ledger technology (blockchain technology) or encryption.

56
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

IOST sets up $100M fund to push growth of EVM multi-chain ecosystem

04/12/2022
IOST sets up $100M fund to push growth of EVM multi-chain ecosystem

The IOST Foundation, the organization behind the IOST blockchain, a gas-efficient proof-of-believability-powered smart contract platform, announced today together with venture capital institutions and ecosystem partners, the launch of a new $100 million USD incentive...

Read more

Crypto staking platform provider Moonstake adds support for IOST

05/07/2021
Crypto staking platform provider Moonstake adds support for IOST

Moonstake, an Asia-based staking pool network, today announced it will collaborate with the IOST blockchain development team, to enable staking functionality for IOST coin on its platform. After its full-scale operation launch back in...

Read more

IOST teams with Apron Network to build multi-chain architecture

03/17/2021
IOST teams with Apron Network to build multi-chain architecture

IOST, an enterprise blockchain platform, has announced a new strategic partnership with Apron Network, a decentralized platform that provides infrastructure services for DApp developers, users, and operators. The two parties will work together to...

Read more

Huobi lists 75x margined IOST/USDT swap

01/20/2021
Huobi lists 75x margined IOST/USDT swap

Today, cryptocurrency exchange Huobi launched IOST/USDT margined swaps, deposits, and all transactions are now enabled supporting 1x to 75x leverage. IOST is the 50th token in this contract, which also includes leading tokens such...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy