BitFlyer Holdings, which runs one among Japan’s largest cryptocurrency exchanges, held its common shareholders assembly Friday and, for the primary time, used a blockchain voting app.
Within the “new regular” the place social distancing is required, blockchain know-how finds one other use case. The voting app, referred to as bVote, was developed by BitFlyer’s subsidiary BitFlyer Blockchain. It allowed the primary digital shareholder assembly to finish “as scheduled with none troubles.”
The app prevents vote forgery and manipulation and requires customers to scan their My Quantity card (just like Social Safety Quantity in the USA) for identification.
BitFlyer goals to introduce the app to non-public firms’ shareholders’ conferences first. They are going to then goal public firms’ shareholders’ conferences and different events.
On Thursday, Coincheck, BitFlyer’s rival, introduced a brand new service for digital shareholder conferences. Referred to as Sharely it will likely be launched to the general public in Autumn.
Digital Shareholders Assembly
Chatting with Cointelegraph, BitFlyer defined that there have been solely three individuals, together with Yuzo Kano, the CEO of BitFlyer Blockchain, who bodily attended the shareholders’ assembly. Eight different shareholders participated in it remotely.
The agenda was about altering the articles of the company partially to advertise digitization amid the corona pandemic. It took solely about 20 minutes to finish the assembly.
“It was extra handy than the normal gathering of shareholders conferences because it doesn’t value a lot and take time to journey,” stated one of many attendees. “Since I acquired used to working remotely after COVID-19 state of emergency, I didn’t really feel unusual about utilizing bVote,” stated one other attendee.