Cybersecurity firm Kaspersky Lab has introduced its Blockchain technology-based secure online voting system dubbed as Polys at the company’s annual Cybersecurity Weekend event in Dublin, Ireland.

The system is supported with transparent crypto algorithms.

In a statement at Polys’ website, the company claimed that Blockchain is the missing link in the architecture of an effective and secure online voting system.

“[Online] voting imposes extremely stringent requirements on the security of every aspect of voting. We believe that the Blockchain technology is the missing link in the architecture of a viable online voting system.”

According to Kaspersky Lab’s Head of Investment and Innovation, Vartan Minasyan, Blockchain, when combined with their cybersecurity know-how, could resolve major issues related to the privacy, transparency, and security of online voting.

“In our Kaspersky Lab Business Incubator we’re supporting both internal and external teams in developing bright ideas and technologies, which can be implemented in various areas where safety and security are important. One such area is online voting and, when exploring the possible implementations of Blockchain in particular, our team realized that this technology combined with the company’s cybersecurity expertise could solve key problems related to the privacy, transparency and security of online voting. We’re excited that we have been able to create a suitable environment for this internal innovation.”

Online voting options powered by Blockchain

According to Kaspersky Lab, Polys offers a free-web based dashboard to create an online vote with two options, namely, majority vote and cumulative vote. The system also supports voting through email, unique codes, and public voting.

The company has already released a beta version of the system in order to get early feedback and iteratively develop an operational voting system.