Blockchain start-up Horizon State is reportedly tying up with a political party in India. “Horizon State’s relationship to India is via MiVote. The Democratic Party of India has just recently been reincarnated, and will be adopting MiVote’s model of non-partisan governance to decide upon policy,” says Jamie Skella, the company’s co-founder who recently sent shockwaves through the Australian cryptocurrency community when he announced his decision to exit the company.
Though the price of Horizon State’s “Decision Token” fell by more than ten per cent on the back of the news, Skella says the blockchain start-up heralds “the future of voting and collaborative decision making”.
“Already three million members strong, all of the Democratic Party’s members will have the opportunity to have their say on policy issues as those issues arise, casting votes using Horizon State technology, directly to the Blockchain”
— Jamie Skella, co-founder, Horizon State
Using a token-based blockchain system, the Horizon State team has created a secure, anonymous, convenient and affordable voting platform. In other words, a digital ballot box.
“Already three million members strong, all of the Democratic Party’s members will have the opportunity to have their say on policy issues as those issues arise, casting votes using Horizon State technology, directly to the Blockchain,” says Skella.
Skella, who will be the keynote speaker at this year’s IEC Awards to be held on 17 November at Langham Hotel, predicts that blockchain tech has the ability to disrupt several industries in the immediate future. “The industries that will be most heavily impacted – positively or negatively – by blockchain include finance, legal, and supply chain,” he says. In the longer term, it’ll shift media, energy, and more, says Skella. “There are few industries that won’t be touched by this technology in some way, shape or form. After all, Blockchain is a new kind of database, and almost all businesses use databases. It’s just a matter of whether this new kind of database will benefit them, or disrupt them.”
In October 2017, Horizon State concluded one of Australia’s largest software crowdfunding campaigns in history, raising $1.4 million from investors all over the world in just two weeks.
Skella announced on Twitter that he was leaving Horizon State to focus on family.
Jamie Skella is the keynote speaker at the 8th Indian Executive Club Business Awards 2018 on 17 November at Langham. The main sponsor is Coin Centric, Australia’s fastest growing crypto exchange. For more info go to www.indianexecutive.com.au