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Flux Party set sights on international expansion

Taps global potential for radical new blockchain voting platform

Sydney, 15 June 2016 – The co-founders of the transformative new Australian political movement Flux Party - which is running 13 candidates in Australia’s Federal election on 2 July - have announced they will make the Flux platform available internationally to like-minded political groups seeking to transform democracy.

The blockchain technology at the core of the Flux voting platform has been developed by The Flux Startup Pty Ltd, which has just raised $270,000 in seed funding. Further investment will be provided via a trust which will be seeded using electoral funding provided by the Australian Electoral Commission.

The technology allows registered Australian voters to direct how Flux members of Parliament vote on pieces of legislation by expressing their preference on the secure Flux app. Voting takes place on an immutable and distributed ledger, which resolves key existing issues associated with online voting including incorruptibility, privacy, ballot secrecy, end-to-end transparency and verification.

Launched six months ago, the Flux Party seeks to win enough seats at federal, state and local levels that voters will be able to directly influence the outcome of legislation that affects them. Its stated long-term aim is to transform democracy and return power to individuals.

Mr Kaye and Mr Spataro are Sydney-based technology entrepreneurs. Mr Kaye was an early ethereum developer and worked on Bitcoin-related projects before being appointed Blockchain Director at software and venture firm Industrie IT. Both Party founders are also Directors of The Flux Startup Pty Ltd.

The pair announced today that the Flux voting software would be made available free of charge to new Flux political organisations established overseas and licensed to nation-states on a commercial basis.

Party leader Mr Spataro said the platform supporting Flux was highly innovative and had enormous potential in overseas jurisdictions and was attracting attention in the international blockchain community.

“The Flux concept is based on a secure and distributed voting platform that empowers individuals to take control of their political destiny. This solves a series of what were previously technical and philosophical questions related to direct democracy, by adding an economic value to each vote which is able to be stored and traded,” Mr Spataro said.

“Direct democracy is a fantastic ideal, however, the Flux platform evolves this by recognising there are limitations to a system that assumes each of us are equally suited for every issue. Assigning a tradeable and storable value to each vote will engage people in the system, and allow them to ensure their voice is heard on matters they care deeply about.,” he said.

Mr Spataro added that with nearly 3,000 registered members, the party was due to eclipse the Australian Greens (12,000 members) as the third major party by the end of 2016.

“As a party we’ve made significant headway in just a few months. Flux is resonating with thousands of voters who are disillusioned with the political process today and that dynamic is not unique to Australia. That’s why we see unlimited potential for Flux to take root globally.”

Mr Kaye said as Flux took root internationally the platform would evolve to accommodate the requirements of different political systems, and this would see continued development of the platform.

“In our view, if you were to establish a colony on Mars, Flux would be the ideal system to deliver a democratic system of government to these early settlers,” said Mr Kaye.

“We’re getting a lot of support for what we are doing – initial indications are there will be no shortage of people with vision prepared to get involved and make a real difference to the democratic process.

“We see this system not only as an alternative to current forms of democracy, but also as a powerful tool for peace which can be used to help bring stability to young democracies in conflict-ridden countries,” concluded Mr Kaye.

ENDS

Media contact: Shane Allison, Sefiani Communications Group, ph. (02) 8920 0700, mob. 0402 219 963 or email sallison@sefiani.com.au.

About Flux

The Flux Party was formed in late 2015 as a new concept in democracy with the stated aim of returning democratic power to individual voters. Under the Flux model, elected Flux representatives will vote on Bills before them only as they are directed by a majority vote of Flux members, using the secure Flux app. Voting on the Flux app will be open to any Australian who is eligible to vote in a normal election. The Flux Party was founded by technology entrepreneurs Nathan Spataro and Max Kaye. The Flux app is based on blockchain technology, which resolves existing issues associated with online voting including incorruptibility, privacy, ballot secrecy, end-to-end transparency and verification. In the 2016 Australian Federal election Flux is running two Senate candidates in each State and one in the ACT.