The result of thousands of years of social evolution is democratic elections. The most prevalent form of government in the world today has several issues that can be fixed. With its decentralized structure, transparency, and security features, blockchain technology presents a potential answer to these issues.
Digital ledgers that use blockchain technology are decentralized. A timestamp and a distinct cryptographic hash that connects each block in the chain to the one before it is also included.
As a result, an irrevocable record of every transaction is produced. One major advantage of blockchain is its decentralized structure; its technology allows it to be run without any central oversight. Rather than utilizing a singular source, the network runs through a number of nodes, all of which maintain their own version of the ledger. This makes the system more secure and autonomous. Blockchain technology could be useful in elections in the following ways:
The transparency of blockchain technology is its most significant benefit. Because all transactions in a blockchain-based voting system could be recorded and kept in a public ledger that anyone could view, voters and candidates could both check that their votes were cast and counted correctly.
The reliability of the results can be harmed by hacking and other types of fraud. It is considerably more difficult for hackers or other bad actors to rig elections using blockchain technology because it combines encryption and a distributed network to prevent unauthorized access or changes to data.
Access to voters may be facilitated by blockchain-based voting systems, particularly for people who are physically unable to cast a ballot. Voting online may be made possible through the use of blockchain technology, which may increase the number of voters.
For non-technical users, blockchain technology can be complex and challenging to understand. It is necessary to provide user-friendly interfaces that are simple to use and comprehend in order to increase voter accessibility.
All transactions are accessible on the public ledger thanks to the transparency of blockchain technology. Although this is good for transparency, it poses a threat to privacy. If a voter worries that other people may see their voting pick, they might choose not to participate in voting.
A blockchain-based voting system can be expensive to establish because it is not free. Election authorities must make investments in the network’s supporting infrastructure, such as nodes.
Security Dangers of blockchain technology
Although providing a high level of protection, blockchain technology is not impenetrable. While it’s tough, malicious actors could try to hack the system, yet, it’s not impossible.
Regulatory and legal framework
To ensure compliance with existing laws, a set of regulations would have to be established in order to bring into effect a blockchain-enabled voting process.
The use of it in elections has many benefits over the present voting process. While voters stand to gain much from it, the government may have difficulties. Such a system would require expensive and time-consuming infrastructure deployment in order to function.
It is quite doubtful that the majority of contemporary countries will adopt this option, despite the fact that several of them may study the idea.
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