Waves Enterprise, the business-focused spin-off of the Waves project, announced on the public release of its blockchain voting system primarily aimed at corporations and board governance.
The Waves system uses blockchain at every step of the voting process, as votes are recorded and then counted with full cryptographic guarantees. Homomorphic encryption is used to accurately tally votes without having to reveal the identity of the person who cast each ballot.
While the system is primarily targeted for lower stakes environments such as corporate boards, the technology has recently been trialed in Russia during its local and parliamentary elections.
The team says that the experience showed the platform is ready for deployment, but the public product is somewhat different from the one used in Russia, chief product officer Artem Kalikhov told Cointelegraph:
“Those elections used a voting system developed in cooperation with Rostelekom […], which is based on a similar cryptographic protocol but has several important distinctions. For example,