SoLVBL Solutions Inc. (CSE:SOLV) has announced that it has a patent pending with the US Patent and Trademark Office (USPTO) related to its method and system for deployment of an authentication seal in secure digital voting.
The cybersecurity company said it was previously granted a patent by the USPTO for its Method and System for Authentication Seal Deployment in Networked Immutable Transactions, the underlying technology to the current patent application for secure digital voting, shareholder voting, and potentially, voting in all aspects.
"The intellectual property we have developed in the realm of secure digital voting is unique and more importantly, one of the world's first patent around fast, low latency route to render arbitrary binary records effectively immutable, in that they cannot be forged or altered without detection,” SoLVBL CEO Kaiser Akbar said in a statement. “This will democratize voting by allowing easy, fast, secure and immutable voting results to be recorded and tabulated in record speed.”
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"Our authentication seal in secure digital voting will allow people to vote with apps on their digital devices, including their cell phones, confidently and securely, and will assist in mass participation in the electorate by citizens,” he added.
The company said its technology opens the door for verifiable voting, whose proof of authenticity can be stored and/or transmitted alongside the voting record itself, making low participation or disenfranchisement of voter rights a matter of the past.
Separately, SoLVBL announced that its shareholders have approved all the resolutions put forward during the company’s Annual and Special Meeting of Shareholders held on June 20, 2022, including the election of Khurram Qureshi, Vikas Gupta, Brenda Brown, Musabbir Chowdhury and Alan Rootenberg as directors.
The shareholders also approved the appointment of MNP LLP as auditors as well as the company's stock option plan.
SoLVBL is an innovative cybersecurity and data authentication company. Its mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity.
Contact the author at jon.hopkins@proactiveinvestors.com