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Japanese Law Firm Has a Good Case for zkCREAM
Hello Everyone! Here's a quick update on what zkCREAM has been working on recently. We finished a Proof-of-Concept project with a law firm in Japan and got a lot of feedback.
zkCREAM is a product that allows voters to remain anonymous while casting a secret ballot. Using a decentralized voting system, it is possible to verify that no fraud occurred throughout the voting process and to preserve a high level of transparency.
We worked together with Waseda Legal Commons, a law firm in Japan. The goal of the project was to apply zkCREAM to the firm’s general shareholders meetings and elections of representatives.
Here are our findings from PoC of zkCREAM
We were also able to reaffirm the efficacy of zkCREAM and allay future concerns as a result of this PoC.
It is possible to use a decentralized application on a public blockchain in circumstances when secrecy is necessary, such as voting in private.
Things to keep in mind for the future
There are a number of considerations that need to be made when it comes to account operations that do not involve the usage of a wallet.
A browser wallet was used in this scenario to ensure that the voting process remained secure outside of Web3.0. For this project, we incorporated the use of the Japanese government-issued ID system “My Number”. Although the My Number specification is close to meeting our needs for this project the source of the secret key generation is unknown and access is impossible. This is a major limitation of the My Number specification. We won't be able to completely trust and authenticate users until these issues are rectified. As a temporary workaround until a universally accepted self-sovereign ID is developed, one option is to use multiple authentication agencies and weight the votes accordingly.
Despite the fact that smartphones are theoretically capable of providing access, the following factors deserve careful consideration. Of course, it's possible for a voter to lose their device. Voting at polling stations is required by Article 44, Paragraph 1 (Voting at Polling Stations) of the Public Office Election Act for use in elections, which is a possible use case for the technology.
On the basis of the aforementioned factors, we'll keep working to improve the system.
The digitalization of voting and participation in live events and shareholder meetings is increasing as a result of the rise of digital transformation. The importance of protecting one's digital privacy while also respecting one's legal rights has grown as a result. Because of these expanding demands, Cougar will continue to push its application in a range of industries.
Stay with us to get more updates as we continue to improve the efficacy of zkCREAM. We will post more updates on our blog regularly!