Can Blockchain Voting Ensure Transparent Elections?
Absolute democracy has never seemed less true than today, but blockchain's potential application in voting during elections seems like a match made in heaven
Transparency and trust are vital for upholding democratic principles, and blockchain provides a possible answer with its guaranteed immutability
Blockchain voting ensures transparency and trust by utilizing smart contracts to automate election activities and reduce human involvement
Each vote recorded on a decentralized ledger ensures auditability and prevents tampering, improving belief in the voting system
Blockchain voting allows remote voting from any location, benefiting remote workers, citizens in the diaspora, and disabled individuals
However, blockchain voting may face challenges such as the possibility of 51% attacks and difficulties in integrating different blockchain platforms
Regulatory issues and over-saturation of the blockchain system with increased voters can also impact the feasibility and transaction time of blockchain voting
Examples like Utah's successful use of Voatz and South Korea's proposed blockchain voting system show the potential of blockchain in elections
Public trust and investment considerations are key for its widespread adoption