Company Name:
AGMO STUDIO SDN BHD (201201001183 (974707-M))
Sector
Digital Services, Digital Finance, Digital Content, Transportation, Manufacturing
Tech Enabler
Blockchain
Support Sustainability or ESG
Yes
Overview:
Traditionally, Annual General Meetings (AGMs) and Extraordinary General Meetings (EGMs) mandated physical attendance for voting, a challenge exacerbated by the pandemic. To resolve this, we've introduced a Remote Participatory Voting (RPV) platform. By integrating blockchain technology, our system guarantees transparent, secure voting, and robust fraud prevention measures. This platform enables users to remotely attend events and securely cast their votes. Given today's circumstances, our system offers shareholders the flexibility to participate in AGMs/EGMs and vote remotely, accommodating their busy schedules.
Pain Points:
- Participants are often required to attend AGMs/EGMs in person and travel to the event location.
- The traditional method of generating AGMs/EGMs results involves numerous human processes and is time-consuming. In contrast, our digital solution delivers results within minutes, significantly streamlining the process.
Solution/Services:
Remote Proxy Voting (RPV)
A platform fortified with blockchain technology, setting a higher standard for security compared to competitors which can ensure transparency and effectively thwarts fraud.
Key Features and Functionalities
- Rapid generation of voting result is made possible through cloud computing, eliminating the delays inherent in manual calculation.
- Incorporates rigorous shareholder verification protocols to authenticate identities.
- Integrated a live streaming feature enabling shareholders to remotely attend and observe events in real-time.
- Online proxy registration that streamlines the process, saving valuable time for shareholders.
Implementation:
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Votes will be digitally cast and recorded in the database, simultaneously triggering transactions to our blockchain contract, ensuring immutability.
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Seamlessly integrated blockchain technology using the Ethereum SDK for this purpose.
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Regular data cross-checks will be conducted to guarantee the integrity of the voting results.
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Development of blockchain explorer tool to monitor the contract and transactions internally for audit purposes periodically, providing transparency and accountability.
Benefit:
- Maintenance : We take full responsibility for maintaining the blockchain contract and hosting the blockchain nodes on our own servers, managed by our dedicated technical team. Leveraging a web-based solution means that any modifications to the existing system are automatically reflected without the need for manual updates. This ensures seamless operation and continuous improvement without disrupting user experience.
- Accessibility : Our RPV platform is accessible through both mobile and desktop browsers, ensuring convenience and flexibility for users. Whether accessed from a smartphone or a computer, users can seamlessly engage with the platform using modern web browsers, ensuring a consistent and user-friendly experience across devices.
- Ready-made solutions : The Ethereum SDK simplifies the creation of transactions from our compute engine to the blockchain server, streamlining the process and enhancing efficiency.