The Benefits Of Using Blockchain For Transparent Voting Systems
Blockchain technology, popularly associated with cryptocurrencies like Bitcoin and Ethereum, offers various benefits beyond digital money. One fascinating application of blockchain is in building transparent voting systems, which can significantly boost the integrity and trustworthiness of electoral processes worldwide.
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Ever since its introduction to the world, blockchain technology has impressed masses due to its unique promise to guarantee secure and transparent exchange. But why? By creating unalterable records through the implementation of cryptographic techniques and linking them in a format called ‘blocks,’ blockchain technology minimizes the chance of data loss or tampering. This protects every participant’s data while ensuring its accessibility across the network.
During the 2019 mayoral election in Zug, Switzerland’s ‘Crypto Valley,’ the nation took the crucial first step in employing this technological advancement in its grassroots democracy. Despite running as a primary trial for any potential challenges, this marked a pivotal step towards broadening blockchain-powered and publicly transparent elections.
Consider this; the underlying mechanics may not even require internet connectivity to verify the votes of those casting ballots. Many low-tech individuals who refuse to utilise modern technology may be enticed into voting with this system by providing QR codes on paper slips, enabling voters to verify that their voice has been registered in the voting record. Low-income voters receive these benefits by verifying their participation in the voting process at polling stations.
A diverse group of institutions is investing immense resources into developing comprehensive, blockchain-based solutions for voting systems, ranging from small start-ups to highly regarded organizations. In New South Wales, Australia, the local iVote system leverages cryptographic protection guaranteed by the system’s application servers along with core blockchain features. In contrast, European institutions prefer a hybrid system through integrating conventional paper vote-recording with blockchain software and guarantee enhanced protection while continuing a standardized and reliable way of submitting votes.
