The Permanent Electoral Authority in Romania (ROAP)Romania Autoritatea Electorală Permanentă) uses blockchain technology to count and validate the November 24 presidential election.
Ovidiu Damian, a Romanian blockchain developer at Pi squaredreported the news earlier this morning on
This allows people from all over the world to follow transactions in a ledger, live in a dashboard on ROAP’s official website. At the time of writing, 83859 blocks of cryptographically verified votes have already been added to the blockchain.
Romanian Special Telecommunications Service (STS)Serviciul de Telecomunicații Specialein Romanian) also signs the website together with the electoral authority. So far, Finbold could not find any information about the infrastructure the country uses, or further technical details.
Blockchain development in Romania
In particular, the European country located at the crossroads of Central, Eastern and Southeastern Europe has achieved important milestones in the field of blockchain.
In 2023, European government agency ICI Decentralized Services (ICI D | Services) launched an NFT trading platform, bringing groundbreaking innovation. The project was built in collaboration with the MultiversX Foundation and runs on top of the MultiversX (EGLD) blockchain.
Furthermore, in 2024, the National News Agency of Romania (Agerpres – Agenția Națională de Presă, in Romanian) published the first official news in the NFT format, which was forever registered within the MultiversX blockchain.
A blockchain enthusiast, Andu Tabacu, commented on the recent developments regarding the Prezidentiale 2024 in Romania.
“Blockchain is becoming such an amazing truth machine with amazing use cases and whether you participated in the ‘casino’ phase of the blockchain or not, you need to wake up. This is the best technology for true ownership and validation that exists today.”
–Dr. X (@AnduTabacu)
Romania-based L1 blockchain: MultiversX (EGLD)
Interestingly, the creators of MultiversX, Beniamin Mincu, Lucian Mincu and Lucian Todea, are Romanians, expanding the country’s blockchain-related awareness to the world.
Overall, MultiversX is a promising Ethereum rival, similar to XRP and ADA, with a growth potential recognized by several experts. As for Finbold, we discussed analyst insights on EGLD, highlighting the fundamentals, economics and potential price action.
For example, Justin Bons, founder and CIO of Europe’s oldest cryptocurrency fund, considered MultiversX’s sharding the “technological holy grail of crypto.” Andrei Sobolev sees a “30x” opportunity in EGLD technical indicators as liquidity flows into altcoins. In the meantime, Happy (LLuciano_BTC), an analyst with one million followers, agrees with Sobolev’s “bullish Outlook” and praises EGLD’s development ecosystem.
“Incredible team, supportive community EGLD has truly been continuously building!”
Happy (LLuciano_BTC)
As Finbold reported, Alibaba Cloud recently announced a partnership with MultiversX as the team began entering the Asian market. Startups have also leveraged the L1 blockchain infrastructure to build their businesses and innovative solutions.
In conclusion, this recent innovation could set a completely new standard for government elections worldwide, using blockchain technology in a positive way for greater transparency and immutability of data, increasing the potential for projects developing robust and scalable solutions.
Featured image from Shutterstock.
