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Home»Blockchain»Romania now uses blockchain to count presidential election votes
Blockchain

Romania now uses blockchain to count presidential election votes

November 25, 2024No Comments4 Mins Read
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The Permanent Electoral Authority of Romania (ROAP—Romania Autoritatea Electorală Permanentă) uses blockchain technology to count and validate votes in the November 24 presidential election.

Ovidiu Damian, a Romanian blockchain developer at Pi squaredreported the news on X earlier this morning. “Romania is carelessly using blockchain technology to ensure the integrity of elections,” Damian said, sharing a link and joking it’s “probably nothing.”

With this, people around the world can track transactions in a public ledger, live in a dashboard on the official ROAP website. As of this writing, 83,859 blocks containing cryptographically verified votes have already been added to the blockchain.

Voting dashboard of the Prezidentiale 2024 of Romania. Source : ROAEP / Finbold

The Special Telecommunications Service of Romania (STS—Special Telecommunication Servicesin Romanian) also signs the website in collaboration with the electoral authority. According to an announcement from STS, the system uses the European Blockchain Services Infrastructure (EBSI), made up of nodes located in 27 European countries.

“This modern technological implementation aims to strengthen the resilience of the Romanian electoral system, ensuring traceability and increasing confidence in the integrity of the data. Additionally, for the first time, the digital fingerprints of this data will also be anchored in the European Blockchain Services Infrastructure (EBSI) blockchain network developed by the European Commission, thus ensuring an additional level of security and traceability.

Blockchain development in Romania

This European country located at the crossroads of central, eastern and southeastern Europe has notably achieved important milestones in terms of blockchain.

In 2023, European government institution ICI Decentralized Services (ICI D | Services) launched an NFT trading platform, bringing revolutionary innovation. The project was built in partnership with the MultiversX Foundation, running on the MultiversX blockchain (EGLD).

Additionally, in 2024, the National News Agency of Romania (Agerpres—Agenția Națională de Presă, in Romanian) published the first official news in NFT format, which was recorded forever in the MultiversX blockchain.

Blockchain enthusiast Andu Tabacu commented on recent developments related to Romania’s Prezidentiale 2024.

“Blockchain is becoming an incredible truth machine with great use cases and regardless of whether or not you participated in the casino phase of blockchain, you need to wake up. This is the best technology that exists today for true ownership and validation.

– Dr. X (@AnduTabacu)

Blockchain L1 based in Romania: MultiversX (EGLD)

Interestingly, the creators of MultiversX, Beniamin Mincu, Lucian Mincu and Lucian Todea, are Romanians, which expands the country’s blockchain awareness to the world.

Overall, MultiverseX is a promising rival to Ethereum, similar to XRP and ADA, with growth potential recognized by different experts. On Finbold, we’ve covered analyst views on EGLD, highlighting its fundamentals, economics, and potential price action.

For example, Justin Bons, founder and CIO of Europe’s oldest cryptocurrency fund, considered MultiversX sharing to be the “technological holy grail of crypto.” Andrei Sobolev sees a “30x” opportunity in EGLD’s technical indicators as liquidity flows into altcoins. In the meantime, Lucky (LLuciano_BTC), an analyst with a million followers, agrees with Sobolev’s “bullish outlook” and praises EGLD’s development ecosystem.

“An incredible team and supportive community that EGLD has truly built continuously! »

Lucky (LLuciano_BTC)

As Finbold reported, Alibaba Cloud recently announced a partnership with MultiverseX as the team began entering the Asian market. Startups have also leveraged the L1 blockchain infrastructure to expand their businesses and innovative solutions.

In conclusion, this recent innovation could set a whole new standard for government elections around the world, positively utilizing blockchain technology for greater data transparency and immutability, increasing the potential for projects developing robust solutions and evolving.

*Story updated at 15:00 UTC to add EBSI information in 4th and 5th (quote) paragraphs.

Featured image from Shutterstock.



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