Waves Enterprise, a major technology company specializing in blockchain-based solutions for businesses and governments, has won a new partner to optimize its e-voting service.
According to an announcement made December 16, Waves Enterprise has signed a memorandum of understanding with the blockchain platform Ontology to integrate decentralized identification tools into Waves Enterprise’s e-voting system.
As part of the partnership, Waves Enterprise and Ontology aim to solve one of the greatest challenges in digital reconciliation – the authentication and identification of users. The companies specifically plan to deploy Ontology’s new decentralized identity solution known as ONT ID.
Artem Kalikhov, chief product officer at Waves Enterprise, said Cointelegraph Ontology’s DeID technology will replace other traditional methods such as email verification. “At the moment we are relying on traditional web authentication over a registered email approach,” he said.
Li Jun, founder of Ontology, stated that for ontology-based e-voting integration, users must first create their ONT ID to bind their personal information and credentials. “Then your voting records can be tracked on a chain that won’t be deleted,” Jun noted.
Jun emphasized that user privacy is not compromised as ONT ID acts as a decentralized entity. However, data like hashes or transaction numbers can still be tracked, he said. “Users have the right to choose what specific information they want to share [because] The data is entirely in their own possession, ”added Jun.
According to Kalikhov, Waves Enterprise is initially trying to integrate ONT ID as a module. “In the early stages, our blockchains will most likely work separately,” Kalikhov said. Companies could make their blockchain networks interoperable in the future.
The news comes shortly after Waves Enterprise’s blockchain voting system was released in November 2020. Targeting businesses and corporate executives, the system uses blockchain to securely record every vote without revealing the identity of anyone who casts ballots.
This system was already tested in Russia during the parliamentary elections in September 2020. Kalikhov said that the newly released platform was slightly different from the one used in Russia, as it was based on “Russian cryptography” and various mechanisms for identification and anonymization.