Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Blockchain tech in national elections: An experience from Romania

Published 12/23/2020, 06:22 AM
Updated 12/24/2020, 08:20 AM
Blockchain tech in national elections: An experience from Romania

For the first time in Romania, the recent national parliamentary elections, which were held in November, used blockchain technology with the main purpose to guarantee the integrity of the electoral process and to strengthen its transparency. The government aimed to ensure tamper-proof and real-time data on voters’ presence.

There is still a way to go for the voters to be empowered to record, manage, count and check the votes themselves (without bypassing it to the electoral authorities) by allowing them to hold a copy of the voting record. However, the perspectives of fostering the development of a tech-enabled community consensus and of protecting the democratic values have been stated.

Alexandru Stanescu is a founding partner of SLV Legal, a firm focusing on deep tech, fintech, blockchain technology, crypto, Romanian startups, internationalization and alternative dispute resolution. Previously, he worked as the chief legal officer of a blockchain startup in the blockchain legal field at Baker Botts in London and with the World Bank in trade and competitiveness global practice. He is a graduate of Columbia Law School, the University of Deusto and the University of Bucharest. SLV Legal is a member of the Global Legal Blockchain Consortium.
Ioana Mitu is a ounsel at SLV Legal and has experience in the banking industry. Her relevant work highlights over the past years include regulatory procedures of registration, approvals of mergers or acquisitions of qualified participations, as well as compliance with licensing requirements before national authorities. She deals with fintech, blockchain and start-up funding. She is a keen community builder in the intersection of law, policy and technology. She is a member of the Bucharest Bar Association.

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.