Blockchain Voting Might Be A Recipe For Progress In Many Countries

Galaxy Digital helps Blockfi raise $4 Million

The pursuit for speedy delivery of democracy has encouraged numerous countries to turn to e-voting and more countries are testing out blockchainvoting.

Switzerland for example recently tested out blockchainvoting especially because it promised to deliver a faster and easier voting experience.Luxoft, Luzern?s Blockchain Lab and the city of Zug recently released a joint report revealing positive results of an e-voting exercise that took place in Zug.

?It is nice to see that, despite some minor difficulties, many people in Zug are happy to live in such an innovative community,? stated Zug city?s president Dolfi M?ller.

Zug residents welcomes blockchain voting

Now, most of the city?s residents like the idea of a decentralized blockchain voting system according to the results. About ?80% of Zug?s respondents welcomes the blockchain voting idea. The remaining few are opposing it. Majority of the residents are convinced that introducing e-voting is the best way forward towards facilitating a faster and easier voting exercise.

South Korea has also been testing out blockchain-based e-voting. A Japan Timesreport published earlier this year revealed that Tsukuba city launched a blockchainvoting system. However, it is specifically for projects that touch on social contribution projects. West Virginia also has a blockchain voting system but for overseas troops.

Why Blockchain?

Blockchain is a highly secure and efficient. Meanwhile, the traditional voting systems are anything but efficient or secure, thus the pursuit for something. But here is the kicker, blockchain technology is still relatively new and it eliminates the need for centralized oversight. It doesn?t end there.

Since blockchain-based e-voting is digital, it is rather difficult to convince the masses. Digital platforms openup opportunities for hackers and thus making it hard to prove that such a system is hack-proof.

Blockchain is digital voting?s current best bet

It gets worse due to challenges such as the complexity of user systems or even mechanical issues. The thing is, blockchain technology has a lot of issues that it needs to address. However, it is the only solution that is this close to achieving a self-authenticating and transparent voting system. Fortunately,blockchain adoption has been picking up the pace although it has a long way to go.

What is the bottom line?

The bottom line is that convincing governments to accept blockchain voting is still an uphill battle. You might be wondering what the future will hold. The crazy thing is that blockchain will probably play a huge part in it. Blockchain voting will be among the many ways that the technology will be applied. Countries that want to achieve efficiency and transparency should therefore consider adopting blockchain technology.


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