Medici Ventures, founded by a subsidiary of Overstock.com, raised $ 7 million in a round of funding for the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details voting platform, according to a press release.
Blockchain platform financing stage
The Voatz block chain voting platform reportedly allows citizens to participate in official elections and similar events using mobile devices such as smartphones or tablet computers.
The platform is reported to be based on blockchain technology, encryption and biometrics, and aims to provide convenience, security and auditability for voters and vote collectors.
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Revenues from a round of financing in the amount of $ 7 million will be used to improve the accessibility and usability of the platform, as well as to launch additional programs in the United States and abroad.
Medici Ventures raised $ 7 million in a blockchain platform financing round. Medici Ventures President, Jonathan Johnson, commented on the importance of this use of the blockchain technology, saying: "Voting is an excellent use of blockchain technology. What Voatz does to allow more registered voters to participate remotely in elections in a safe way is important. This heralds a wider adoption of the Voatz application. This is one of the reasons why we increased our investment in the company by conducting this round of financing."
Editor: Yulia Krasnaya