Blockchain Technology The Most Crucial Element to Secure Online Voting

Bitcoin that was originally designed to equalize power in the financial system, now bitcoin’s blockchain is itself playing a crucial role in the area of democracy.

In spite of getting attention, online voting adoption has not gone mainstream worldwide. It will soon go mainstream, currently people think this tool for voting as corrupt and also vulnerable to fraud. But it is a common misconception about online voting, although, the introduction to blockchain technology is changing people’s conceptions.  

There are plenty of growing examples of political institutions and technology startups trying to make secure digital voting system based on blockchain technology work out somehow. Last year, Liberal Alliance of Denmark was the first political party that cast vote using the blockchain technology for their internal elections.

Spain and Norway too have adopted the same voting system and the US is making progress too.

Just like a bitcoin user carry out transactions by sending bitcoin or any other digital currency to the receiver’s digital wallet, blockchain voting systems involves designing wallets for every candidate. All voters assigned a digital coin that represents a vote, which can be cast by sending their coin to the wallet of their preferred candidate.  

Like is bitcoin transactions, all the transactions are recorded on the blockchain, which means unlike our existing elections, voters can see that their was really counted.  

There is no doubt that it needs to improved in order to manage e voting at a large scale. The lack of obscurity in the blockchain system can be a loophole for adoption in voting platforms, making use of anonymizing software can ensure that the identities of voters aren’t disclosed.

A New York-based initiative is working on the project that will deliver fraud-proof, open-source, completely anonymous digital voting solutions based on the blockchain.

For most of the digital voting supporters, the main aim is “liquid democracy”, which is an amalgamation of indirect and direct democracy by which all citizens have the possibility to cast vote on every matter.