The recent election in Thailand has become the latest buzz of the blockchain industry as it related directly with them. Indeed, this country has turned out to be one of the major hubs for blockchain products and services, but now the government has accepted it within their regulatory protocols. The government here is sending out great support in setting up start-ups and films of ledger domain. In fact, there are several official government projects initiated for the growth of the blockchain ecosystem on a local level.
Democrat Party, the main opposition political party of Thailand has become the first group in the world to demonstrate blockchain in a live e-voting system. The members of the kingdom’s oldest political party used the blockchain powered platform Zcoin and involved approximately over 120,000 members for this massive task.
Zcoin, an open source cryptocurrency which was used to store file hashes. These hashes contained voting identities and data of the Democrat Party members. Their voting stations were put up with Raspberry Pi devices and a mobile voting app through which the members can update and verify their photo ID for the high-tech election in Thailand. This blockchain is an immutable database and is capable of providing auditability to the Democrat Party candidates and the Thai Election Commission.
Founder and lead developer of Zcoin, Poramin Insom believes that this is nothing less than a milestone achieved in the history of Thailand. He further added that blockchain technology is capable of conducting large-scale polling and e-voting as mentioned by Computer Weekly.
What Is Accelerating The Growth Of Blockchain In Thailand?
The primary reason for this gained momentum of blockchain adoption is the attitude of the Thai government which has been very encouraging for both cryptocurrency and blockchain technology. According to Fintech News Thai government is looking forward to the opening to foreign crypto trade start-ups and blockchain integration in different domains by the year 2019 as per the central bank digital currency (CBDC).
This election in Thailand is a ray of hope for other traders and regulator from the other Asian countries which have not yet accepted blockchain and cryptos in their mainstream commerce.
The post Election In Thailand: E-Voting Generation Debuts With Blockchain Transformation appeared first on OWLT Market.
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