Share this article
Crypto Valley Declares Blockchain Voting Trial a 'Success'
Zug, home of the "Crypto Valley" in Switzerland, has successfully completed its first test of a blockchain-based voting system.
By Muyao Shen
Updated Sep 13, 2021, 8:07 a.m. Published Jul 2, 2018, 9:05 p.m.
Make us preferred on Google
Zug, a city in Switzerland known as the "Crypto Valley," has successfully completed its first test of a local blockchain-based voting system.
As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on a blockchain as part of the city's efforts to embrace the technology. The voting process took place between June 25 and July 1, and stored both polling information and residents' IDs on the system.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SWI swissinfo.ch, a news outlet owned by the Swiss Broadcasting Corporation, reported on Monday that the city's head of communications, Dieter Müller, claimed that "the premiere was a success."
Following the positive results, Müller said that "technical details" of the voting process will be evaluated over the coming months.
According to a press release from the city government on June 25, the goal of building this blockchain-based platform was to make the voting process "safer and less susceptible to unnoticed manipulation."
The e-voting system was developed by Luxoft, a software company based in Zug, in partnership with the city and the department of computer science at the Lucerne University of Applied Sciences.
At the time, Vasily Suvorov, Luxoft's chief technology officer, said:
"There are concerns about electronic voting because voting is a fundamental mechanism for direct voting.... That's why we believe that this technology should not belong to a single company. We will build the e-voting platform 'Open Source' so that people can understand what the technology is and how it works. We want to encourage more people to develop blockchain-based applications for governments worldwide."
Swiss flags image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
BNB rises 2.5%, nears $900 mark as prediction market growth signals utility expansion
A new physically backed BNB exchange-traded product launched on Nasdaq Stockholm, adding to existing investment options.
What to know:
- BNB token climbed 2.5% to $89e, approaching the $900 resistance level, with increased trading volume suggesting fresh buying interest.
- A new physically backed BNB exchange-traded product launched on Nasdaq Stockholm, adding to existing investment options like Grayscale's pending ETF filing.
- BNB Chain saw significant growth in prediction markets, with platforms like Opinion Labs logging over $700 million in 7-day trading volume and cumulative trading volumes crossing $20 billion.
Top Stories
