The value of blockchain technology is now dawning on developers focusing on accuracy of data results. This has led to a new race of developing new applications of this technology of which one of them is the application of blockchain technology in elections.
Blockchain and Voting
Arguably, one of the top problems that organizers of elections face is the issue of voter fraud. This is something decentralized nature of the blockchain can help tackle. Blockchain is based on the power of peer-to-peer (nodes) networks that are connected and used to process, verify and store every transaction across the network. The ledger is not stored somewhere instead it exists on a chain backed by millions of nodes concurrently. The database on the blockchain is incorruptible due to decentralization and encrypted framework.
Mostly election is still stuck at the stage where voters have to leave their homes. In turn they have to travel to a location with a ballot system. This has left the voting process open to all kinds of voter fraud. The blockchain infrastructure can highly benefit the voting process. Blockchain technology in elections can bridge the gap in infrastructure presently available for voting. Allowing the organizer to move the whole voting process online without the fear of compromise in terms of security.
The development of a voting process based on blockchain mitigate the concern of internet connection security and possible voter and election fraud. Votes can be submitted without the need of the voters exposing their political affinity and identity. While the officials can effectively count casted votes with unquestionable conviction with the knowledge that every single ID is assigned to just a single vote. Thereby, preventing the creation of fakes and making tampering improbable.
Blockchain Technology in Elections can lead to True Democratic Experience.
Many organizations like Horizon State are already developing applications that can bring blockchain to the voting process and voters. In the case of Horizon State, the company is proposing that voters will be able to cast from the comfort of their smartphones and computers. This can be done using decision tokens known as HST. Their votes are then entered into an unalterable blockchain that prevents tampering, election manipulation, and errors while recording. This kind of blockchain-based voting application can also see voting costs decrease. With blockchain, costs can lower per voter for as low as $0.50 from the initial $7.00 to $25.00.
Blockchain technology in elections can pave the way for direct democracy. This would mean citizens can participate directly in the course government policies instead of depending on representatives. While this could still take long to realize in the future as the technology is still in its infancy. However, in the near future, it can easily be applied in guiding general meetings, censuses, informing business decisions, and lots more.