The new era of digitalization has brought a lot of changes to the world. One of the major technologies that have been gaining popularity recently is blockchain. Blockchain is a distributed ledger technology which was developed in 2009 for Bitcoin. It is also used for various other applications such as smart contracts, supply chain management, and medical record keeping.
The first time I heard about blockchain was when my friend told me about Bitcoin. I admit that during that time, I did not really care about it much until I saw a news article about an individual who bought Bitcoin for $20 and made $1 million from it. That’s when I started to get interested in cryptocurrencies.
One year after, I learned more about blockchain and its potential uses in different industries such as healthcare and finance. However, one particular use case of blockchain that caught my attention was its application in the voting system.
Here are 3 reasons why blockchain is perfect for a voting system:
The blockchain is undoubtedly the hottest topic in the tech world. It has been hailed as a revolutionary technology that will transform every aspect of our lives. However, one of its most important potential applications seems to have gone unnoticed by many people: voting.
There are 3 main reasons why the blockchain is perfect for a voting system:
Voting would be fraud-proof using blockchain: because the blockchain is publicly transparent, it means that every vote is permanently recorded and cannot be altered or modified. Every vote on the blockchain is cryptographically secured and linked to previous blocks in the chain, making it impossible to tamper with one vote without altering all previous blocks.
2. More accurate results
The current voting system relies heavily on human involvement which can lead to several errors during counting, even if there was no such intent in the first place. For example, there might have been some miscalculations when counting ballots or other mistakes that could affect the final results. But with a digital voting system powered by blockchain, there will be no need human involvement in counting ballots since it will be done automatically by an algorithm. This will make the voting process more efficient and accurate since there would be no need for a recounting process after an election.
One of the most important things in democracy is voting. The process of voting has seen many changes in several years, from being a manual process to being done electronically. Although this does make it easier for people to vote, there are still a lot of problems with the current system.
Even though the number of people who are not voting is increasing, there are still those who are looking for a way to make voting simpler, more transparent and more secure. This is where blockchain technology comes into play. Let’s look at 3 reasons why blockchain technology would be perfect for a voting system:
1) Transparency: One of the main advantages of blockchain technology is transparency. Basically, all transactions that occur on the blockchain can be viewed by anyone using it. This means that if you set up a blockchain-based voting system, everyone can see exactly how many votes every option has received because it will be recorded on the public ledger. This also means that if someone tries to cheat or manipulate the system, it will be visible on the public ledger immediately.
2) Security: Security is another major issue that needs to be addressed when considering a new voting system and blockchain technology could help with that as well. The main reason behind this is cryptography which basically uses math to secure data
One of the biggest issues during elections is voter turnout. Globally only 40 to 50 per cent of citizens vote. In the 2016 US elections, only a little over half of eligible voters cast their votes. This lack of participation has inspired many solutions such as online voting and early in-person voting.
Another idea gaining traction is blockchain-based eVoting. Currently, there are at least five startups that are trying to use the blockchain for a voting system. The key problem they are trying to solve is voter fraud and voter apathy.
Why Blockchain Is Perfect for Voting
Blockchain is perfect for a voting system because it can guarantee two things:
1. Immutability – Once a vote has been recorded on the blockchain, it cannot be changed or deleted by anyone including hackers and government officials in power.
2. Security – Because the blockchain is decentralized and secured by cryptography, attempts at hacking it would require an overwhelming amount of resources, making it nearly impossible to hack on a national level (Although attacks on smaller databases have happened).
These two features make blockchain especially attractive for voting systems which require accuracy, reliability and security. Here are three issues that blockchain-based voting systems can address:
Blockchain is a distributed ledger that can securely record, store, and transfer data.
Blockchain’s three main characteristics are decentralization, immutability, and transparency. It is a great platform for data collection because it gives users the freedom to choose whether they want their information to be public or private. Data stored on a blockchain cannot be tampered with or changed. Its decentralized nature allows people to control their own data as well as make transactions without a central authority like a bank.
We can use Blockchain in voting systems to ensure transparency, security, privacy and inclusivity of the election process.
Election fraud is a real problem that has plagued our society for centuries. In fact, there have been instances of voter fraud in recent elections such as in the 2016 US Presidential Elections. The process of counting votes manually is time-consuming and there have been cases where votes were tampered with before they could reach their destination due to human error or negligence from one side or another during transit/delivery timeframes (such as postal services). There also exists other issues such as voter turnout due to lack of availability at polling places or lack of interest or trust in the system which could be alleviated by utilizing blockchain technology as an alternative option instead of traditional methods which are
Voting is an integral part of any democratic society. A fair voting system ensures that the decision-making power lies with the people and that their voice can be heard, even if it is against the ruling government. Unfortunately, in many countries around the world, this is not the case.
In countries such as Venezuela, where inflation has reached extreme highs and poverty is rising rapidly, technological advances such as blockchain could be put to good use to enable a fair voting system. The benefits of decentralized voting are many:
-Trustless Voting System – The system would be tamper-proof and verifiable by anyone at any point of time.
-Lesser Costs – Using blockchain technology would reduce costs related to auditing or manual counting of votes.
-Increased Voter Turnout – Increased efficiency in casting a vote could increase voter turnout.
It’s no secret that our current voting system is severely flawed; there are multiple issues that could be fixed by implementing blockchain technology. From an early age, we are taught that voting is an integral part of democracy and a responsibility of every citizen. However, the current system makes it difficult for voters to feel confident that their vote counts, due to several flaws including:
– Systemic Voter Impersonation (fraud)
– Privacy Issues
– Non-transparency and lack of accountability