How Blockchain Technology Can Change How We Vote

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.

Why is Blockchain Technology suitable for Voting Systems?

Blockchain technology consists of a single mutually agreed upon ledger of transactions shared by millions of nodes. To make any change to the existing data on the network, the hacker or any fraudster would need to have a consensus, which implies “forcing” 51% of the total nodes to default simultaneously. Since it is practically and computationally (almost) impossible to do, the probability of a record getting changed stands next to zero. This characteristic is probably the most celebrated property of this technology that makes it suitable for voting systems.

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