Question 1

no competition?

Accepted Answer

Voatz is the first smartphone app and blockchain based voting platform to be used in government elections. We have also pioneered citizen-led public audits. Our platform stands apart by leveraging advancements in smartphone hardware technology, backed by a blockchain-based infrastructure along with remote voter identification and cutting-edge biometrics. As of December 2021, we’ve successfully completed 87 elections in various countries including the US. We do compete globally with the tradit...

Question 2

Why are you raising money here? Are you not that valuable enough to already be acquired by government?

Accepted Answer

We serve global clients, and our mission is to make voting more accessible, secure, transparent and auditable. We are raising here on Wefunder because we want to offer citizens around the world a unique opportunity to own preferred voting shares in an elections platform. A citizen owned elections platform can be a game changer in terms of making the democratic processes more trustworthy, transparent and accessible. In many countries including the US, elections are run on platforms built and m...

Question 3

Can your technology also be applied to other types of voting such as shareholder votes?

Accepted Answer

Hi Mark - definitely. The hooks for corporate/shareholder proxy voting are already built into the apps/system and we are already pitching to a few prospective clients in that space.

Question 4

I understand the security features using blockchain. But, by using mobile aren't you losing anonymity of the voter?

Accepted Answer

Hi Steven, all voter identifying information (including mobile number, IP, PII, etc.) is stripped off during the ballot anonymization process and is not stored along with actual encrypted ballot record.

Question 5

What's your company's revenue model? How does the company make money? Can you please explain?

Accepted Answer

Dear Michael, the current model is based on charging a tiered price per voter per election. In addition, there are professional services fees (such as jurisdiction setup, integration with voter registration systems, messaging, enhanced reporting and security monitoring, etc.). The buyers are the EMBs (election management bodies). A similar pricing model applies to our other services such a verified citizen polling, mobile petitioning/signature collection, shareholder voting, etc.

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