April 27, 2024

Voting, staffing, in-house calculations and other blockchain initiatives

Distributed ledger technology remains one of the hottest trends among financial,government and commercial organizations worldwide. ForkLog Magazine offers an overview of the most interesting initiatives of the past week.

Kaspersky Lab has developed a blockchain system for voting

The Russian company Kaspersky Lab has introduced a prototype voting platform using the Polys blockchain, Verdict reports.

The system allows you to vote both remotely andat the polling station. The process is carried out among verified voters - they are provided with a unique QR code or token, which is then scanned. The user votes through the Polys Voting Machine, after which the votes are automatically encrypted and counted.

Using a web application, users can verify that their voice has been stored in a distributed database (DLT) on condition of anonymity.

Polys is a project of Kaspersky Innovation Hub.

Randstad tests Cypherium blockchain for staff recruitment

Randstad, the largest recruitment company, is testing a solution to improve the search process, reports CoinDesk.

The solution works on the basis of the blockchain platformCypherium and Google Cloud. The company is convinced that using DLT, it is possible to automate many bureaucratic procedures and routine tasks. In addition, the blockchain allows you to safely store and verify personal data, as well as to compare candidates with the companies most in need of personnel.

The Cypherium platform uses smart contracts as part of a hybrid system that combines the Proof-of-Work algorithm and the new HotStuff consensus protocol.

R3 introduced a blockchain solution for tracking unclaimed pension savings

The blockchain consortium R3 collaborates with British pension funds, providing them with technology to track unclaimed pension savings. It is reported by CoinDesk.

“One of the most significant and costly processes in the activities of pension funds is user identification. Every year it is necessary to check whether he is alive and, accordingly, whether he is entitled to these funds ”- said the head of the digital identity division R3 Abbas Ali.

He added that using blockchain inpension asset management "carries significant economic potential." A similar solution from R3 is already using the GROW Super startup, which helps Australians recover the missing retirement savings.

According to a study by Profile Pensions, 33million people in the UK receive a pension. However, 24% of them cannot track some retirement savings. Researchers concluded that up to £ 37 billion ($ 47.8 billion) of unclaimed pensions could be stored in the UK.

KLM Royal Dutch Airlines uses blockchain for in-house settlements

The Dutch airline KLM uses R3's blockchain solution for financial transactions between its divisions, according to a press release.

Royal Dutch Airlines, a divisionAir France-KLM has partnered with startup Unchain.io to explore the potential benefits of moving business processes to the blockchain. After that, the airline chose the Corda platform from R3 to simplify the process of accounting for resources and settlements between divisions.

Now Royal Dutch Airlines plans to connect the majority of its divisions to the platform.

Also reported this week:

  • The TRON blockchain summit was postponed due to coronavirus;
  • Students of the Higher School of Economics of St. Petersburg will receive a scholarship from the blockchain association;
  • Moscow football club Spartak will issue blockchain cards with its players;
  • Russian businessman Vladimir Potanin plans to expand the functionality of tokens issued by his Atomyze blockchain platform.