Use Of Blockchain Technology To Prevent Voter Fraud
Discussing the wide applications of blockchain technology. Here it helps prevent voter fraud. Read more on this game changing technology.
How Helpful Is Blockchain Technology?
As a booming technology, blockchain is increasingly becoming unrivaled. Even though the internet has familiarity with many other peer-to-peer applications, used mainly for file sharing, music streaming and more the ideas around the development of these types of networks provide the security and resources which has been around since 2008 and whereas in the decade since its inception, blockchain has been tied to the success of the technology that created it mainly Bitcoin. Quickly becoming a star on its own, the rise of the world’s favorite cryptocurrency, as well as the awareness of the mysterious and unique technology behind the cryptocurrency, also grew. While it was recognized by developers, the value of blockchain is now racing to create new use cases for it putting the ideas into production.
The primary value of blockchain is found to be lying in the ability to improve old systems, with enterprising observers who saw the technology’s potential from the start as it offers a more secure and rather transparent payment processing in the existing banking solution, where the Bitcoin outdoes the rivals. The same people in recent years used blockchain to revolutionize industries far and wide while also including cloud storage, smart contracts, crowdfunding, and even healthcare. The biggest problem faced by blockchain is that the decentralized muscle helps solve voter fraud.
Blockchain Serves The Voters
Blockchain is a digital ledger in its most basic form where technology draws power from peers or nodes on the network verifying, processing, and recording transactions across the system. Existing on the chain supported by millions of nodes simultaneously the ledger is never stored. Blockchain’s database of transactions is incorruptible thanks to encryption and decentralization where each record is easily verifiable. As it doesn’t exist in one place, the network cannot be taken down or influenced by a single party.
Any type of data transmission other than financial transactions works with blockchain with a system infrastructure extremely useful for voting as a vote is a small piece of high-value data with modern voting systems largely stuck in the last century and those who want to vote must leave homes and submit paper ballots to a local authority.
Blockchain has subsequently evolved solving many problems discovered in these early attempts at online voting as this kind of application does not concern itself while the security of internet connection with any hacker with access to a terminal cannot be able to affect other nodes. Without revealing their identity or political preferences to the public, voters can effectively submit their votes. With absolute certainty, officials can count votes knowing that each id can be attributed to one vote, whereas no fakes can be created and tampering is impossible.
Bringing Elections Into The 21st Century
Companies have already begun working to bring blockchain to the voting populace. Horizon State is one firm launching a unique solution to answer the question of what the democracy was designed with today’s technology would look like and the company believes the answer lies in the first product currently preparing an ICO planned for October.
The secure digital ballot box from Horizon represents a cost-effective and smart solution to the inherent problems in today’s voting procedures where participants use decision tokens casting their votes from a mobile phone or PC which when logged into immutable blockchain is used to reliably verify the outcome of the election. With no manipulation, recording errors or tampering, this system goes beyond voting making useful simply for making decisions in an environment with resources and authority that is shared encouraging participation.
With several people showing up to cast their votes, voter apathy dwindles in recent years as it has become more important to do so. These numbers are likely to rise as providing an irrefutable and easy way to vote from one’s phone or pc and every government comes with a reason changing the status quo where a single vote currently costs between $7.00 and $25.00 considering all the factors. Whereas a blockchain product cost likely just $0.50 per vote.
According to Jamie Skella, the Horizon state co-founder, it is the democracy that has the opportunity to share in the decision making processes related to shared matters that affect us. All about democracy is reaching consensus on how best to use the shared resources achieving the best outcomes for partners, children, colleagues and fellow citizens amongst others. While there are shared resources in any operative environment there remains no question where we need better-shared decision-making tools and processes.
A True Democracy
for direct democracy blockchain paves the way where people decide the course of policy by themselves rather than rely on the representatives to do it for them. Whereas it is a must that the rules of a political election may be changed making way for a transparent system, blockchain is equally ideal for informing business decisions guiding general meetings, polling census and more.
The Concluding Thoughts
For blockchain voting software, the use cases come many and diverse engaging and managing a constituency crucial to the future of society just to produce a transparent outcome encouraging all people to participate in their communities. The current technology while still in its infancy matures alongside the young voters who one day help and look to be a key part of the collective future.