The thought of Bitcoin as a way to change the way we vote was considered during the early days of the new technology. In 2012, computer scientists in Canada were looking to exploit the capabilities of Bitcoin as “a form of ‘carbon dating’ for digital information and something that would make electronic voting more secure.”
Among the
startups that followed in an attempt to build upon the blockchain
infrastructure to create a secure voting system was a Virginia-based company
called FollowMyVote. Adam Ernest, the company's CEO, stated that “there is a
common misconception that voting cannot be done online in a secure way.
However, the introduction of blockchain technology is changing the
conversation.”
Another
company working on creating a platform that uses blockchain technology to
replace or enhance the current voting methods used today is BitCongress, which
released a White Paper on its approach. The company uses blockchain technology
with a token-based system to control the voting system, ensuring one person
matches with one unchangeable vote. This token is called a VOTE, and by using
the blockchain to record each vote permanently, it ensures that there can be no
manipulation of those votes or voting twice.
The company has also built-in additional capabilities that allow for people to voice their opinions on various topics, enhancing the “voice of the people” approach of the app.
As a
technology, blockchain is quickly becoming unrivaled. Although the Internet has
long been familiar with other peer-to-peer applications for file sharing, music
streaming, and more, the idea that these types of networks can provide their
own security and resources has only been around since 2008. In the decade,
since its inception, blockchain was mostly tied to the success of the
technology that created it, Bitcoin.
In recent
years, however, it has quickly become a star on its own. With the rise of the
world’s favorite cryptocurrency, awareness of the mysterious and unique
technology behind it also grew. Developers who recognized the value of
blockchain are now racing to create new use cases for it and put their ideas
into production.
Many are
finding that Blockchain’s primary value lies in its ability to improve old
systems. Enterprising observers saw the technology’s potential from the start,
as Bitcoin offered a more secure and transparent payment processing and banking
solution than existing ones. In recent years, the same people have used
blockchain to revolutionize industries far and wide, including cloud storage,
smart contracts, crowdfunding, and even healthcare. However, one of the biggest
problems that Blockchain’s decentralized muscle can solve is voter fraud.
As you can
probably imagine, then, blockchain has the potential to completely
revolutionize the way that we vote. For example, it could lead to the creation
of a truly secure system that could automatically create accounts for all
voters and allow them to vote through a platform of their choice. If they still
wanted to go into a polling station, they could do so. But they could also use
a government-approved website or smartphone that would access and record data
through the blockchain.
One of the
biggest advantages of blockchain is that it's a decentralized system. That's
good news when it comes to democracy because the more transparency there is the
better. It's also much more secure than many alternatives such as paper-based
systems or other digital options. In fact, it's secure by design. It had to be
- after all, it needed to be able to securely power Bitcoin and other
cryptocurrencies.
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