Horizon State To Pilot Blockchain Polling System In Sumatrabr>
Australia-based polling service Horizon State is launching a blockchain app on the island of Sumatra in Indonesia that would enable direct polling on various local policy issues.
Horizon’s community engagement platform allows everyone to partake in the decision-making process to improve the nation’s economy. The blockchain-based polling system could reduce voting fraud and address the electoral challenges faced by countries with large populations dispersed across remote towns and islands with poor access.
Nimo Naamani, co-founder of Horizon State, said the pilot project is expected to launch on the island of Sumatra in July, with the roll-out expected to continue till December. If successful, the company is hoping to expand the project across the country.
“Through the platform, we can provide communities with tools to increase engagement and discussions,” said Naamani. “Through our partners, we can provide the constituency with additional benefits such as access to financial services on a micro-level – something that’s not so easy with existing banking infrastructure.”
Horizon State chief product officer Jamie Skella recently welcomed participants to the first regional Global Forum on Remittances, Investment, and Development — Asia-Pacific to vote in the RemTech Industry Choice Award, calling the event a great opportunity to encourage discussion about the merits and use cases of blockchain technology.
In Indonesia, both private and public sectors have not been able to keep accurate records like other emerging economies. This was primarily due to lack of expertise, apart from the availability of resources. But they are now looking at blockchain technology to overcome some of these challenges.
Fithri Hadi, the director of financial innovation for the country’s Financial Services Authority, said the regulator has a dedicated team to study how blockchain technology can help the country’s financial services industry.
The government is also looking at how it can use blockchain directly to authenticate information from fund recipients.
“We want to use the technology platform to be able to identify those groups of people who need to get the benefit,” said Finance Minister Sri Mulyani Indrawat, noting her staff are looking at ways to use blockchain for tasks such as subsidy disbursement to micro-loan program.
Several private initiatives are also underway throughout the country. Tech firm Online Pajak has launched a blockchain-driven app that allows customers to share encrypted tax data with institutions such as the tax and treasury offices, banks and the central bank.
Bank Central Asia (BCA), Indonesia’s largest private bank, has invested 200 billion rupiah ($15M USD) in FinTech and blockchain startups. The bank said the investments will directly benefit BCA and its financial services offerings in the country.