There are no doubts about the role of blockchain technology in the financial technology; however, not a lot of people had thought that this can also be used for enhancing the modern democracy. Though it was designed to democratize power within the financial system, blockchain technology is now playing a role in the area of democracy itself.
Online voting is the demand from the people who though want to vote cannot do so as they are not physically present at the voting center. In most of the countries, the voting percentage is less than 80%. The governments around the world want to increase the number of voters and help everyone vote in the elections as it is vital duty.
Online voting adoption has yet to take off meaningfully worldwide; however, there are various valid reasons behind the not so much success. For instance, the existing platforms are vulnerable to fraud, corruption and sabotage. The governments, people and media don’t trust such arrangements. In such a situation blockchain technology can be of great help.
Increasing examples of political organizations and technology startups experimenting with secure digital voting systems based on the use of Bitcoin’s blockchain technology are helping the governments to think of it. Last year Denmark’s Liberal Alliance became the first political party to vote using a blockchain-based system for its internal elections.
Some other countries like Norway and Spain are trying to bring in similar systems. Talking about the issue, Adam Ernest, CEO of Virginia-based FollowMyVote, an organization committed to developing an online open source, transparent voting platform says that there is a common misconception that voting cannot be done online in a secure way.
The blockchain technology for Transparent Voting
However, according to him the introduction of blockchain technology is changing the conversation as just as Bitcoin users make transactions by sending the digital currency to the recipient’s digital wallet, blockchain voting systems involve creating wallets for each candidate or option in an election.
Nonetheless, as all voters are then allocated a digital “coin” that represents one vote, which they can cast by sending their “coin” to the wallet of their choice. Thus, it will become easy for people not just to vote but also verify the same i.e. the entire process is recorded in the blockchain public ledger, a voter can verify that his or her vote was actually counted.
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