Estonian technology company BTI Group OÜ is set to redefine the landscape of global democracy with its latest initiative, the BTI Global Solution. Aimed at tackling the persistent challenges plaguing electoral processes worldwide—such as voter suppression, vote tampering, and questionable result authenticity—this blockchain-based solution promises to bring unprecedented transparency and efficiency to political elections.
Operating on BBAChain, a proprietary layer 1 blockchain developed by BTI Group, the BTI Global Solution, also dubbed Decentralized Democracy (DeDe), aims to enhance the security and accountability of electoral systems.
According to Christian Trejo, Chief Strategy Officer at BTI Group, this innovation could fundamentally alter the nature of democratic governance. “Imagine a world where political elections are run on blockchain technology. This could redefine democracy itself,” Trejo stated, expressing regret that the technology will not be ready in time for the 2024 elections.
The BBAChain is notable for its impressive capability to process up to 100,000 transactions per second, positioning it among the fastest blockchains currently in development. This high throughput is crucial for ensuring that election processes can be conducted smoothly and without delay, addressing one of the critical bottlenecks in current electoral systems.
Beyond its election-focused offerings, the BBAChain ecosystem includes a variety of other products aimed at enhancing the blockchain experience for users. These include the BTI Exchange, BTI Swap, BTI NFT Marketplace, BTI Multi-Chain Wallet, BTI Payment Card, and BTI Investment Funds, along with a stablecoin linked to the Euro (EUB). The company also highlighted the introduction of BBA Coin, a governance coin integral to the ecosystem, currently in the presale stage and not yet listed on major cryptocurrency exchanges.
Trejo revealed that the company is in active discussions with several governments to promote the adoption of their blockchain-based election solutions. These talks are part of BTI Group’s broader strategy to facilitate the transition towards more transparent and fair electoral systems globally.
Scheduled for broader launch by the end of 2024, key components of the BBAChain ecosystem such as the BTI Exchange, BTI Swap, and the Euro Stablecoin (EUB) are expected to play significant roles in not just the crypto economy but also in enhancing democratic processes. As the ecosystem expands, BTI Group aims to continue introducing innovative solutions that address real-world problems and extend beyond conventional cryptocurrency offerings.