BitFlyer Holdings arranged a common shareholders meeting by operating a blockchain voting app.
BitFlyer Holdings, which operates one of Japan’s largest cryptocurrency exchanges, carried its common shareholders meeting by employing a blockchain voting app.
The voting app, named bVote, formulated by BitFlyer’s assistant BitFlyer Blockchain. It entitled the main virtual shareholder meeting to quit “as scheduled without any troubles.”
The app staves off vote fraud and manipulation and compels users to inspect their My Number card (similar to Social Security Number in the United States) for designation.
BitFlyer attempts to install the app to private companies’ shareholders’ conferences. Additionally will focus on public companies’ shareholders’ conferences.
Thursday results, Coincheck, BitFlyer’s rival, declared openly a modern service for actual shareholder meetings. Called Share, will be initiated to the public in Autumn.
Actual Shareholders Meeting
Expressing to the Bitcoin world, BitFlyer clarified that there were barely three people, including Yuzo Kano, the CEO of BitFlyer Blockchain, who physically followed the shareholders’ meeting. Additionally, Eight shareholders joined in.
In order to facilitate digitization amid the corona pandemic, the agenda was nearly altering the articles of the corporation partly. Within 20 minutes, meeting to an end.
According to present members “It was more convenient than the traditional gathering of shareholders meetings since it doesn’t cost much and takes time to travel,”. “Since I got used to working remotely after COVID-19 state of emergency, I didn’t feel strange about using bVote.