BitFlyer Holdings, which runs one in every of Japan's largest cryptocurrency exchanges, held its basic shareholders assembly Friday and, for the primary time, used a blockchain vote app.
In the "new normal" the place social distancing is required, blockchain know-how finds one other use case. The vote app, referred to as bVote, was developed by BitFlyer's subsidiary BitFlyer Blockchain. It allowed the primary digital shareholder assembly to finish "as regular without any troubles."
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The app prevents vote counterfeit and manipulation and requires customers to scan their My Number card (much like Social Security Number inside the United States) for identification.
BitFlyer goals to introduce the app to personal firms' shareholders' conferences first. They will then goal public firms' shareholders' conferences and different events.
On Thursday, Coincheck, BitFlyer's rival, introduced a brand new service for digital shareholder conferences. Called Sharely it is going to be launched to the general public in Autumn.
Virtual Shareholders Meeting
Speaking to Cointelegraph, BitFlyer defined that there have been only 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 fixing the articles of the company part to advertise digitisation amid the corona pandemic. It took only about 20 proceedings to finish the assembly.
"It was more convenient than the traditional gathering of shareholders meetings since it doesn't cost much and take time to travel," declared one of many attendees. "Since I got accustomed working remotely after COVID-19 state of emergency, I didn't feel strange about exploitation bVote," declared one other attendee.
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