In this article, we will discuss how blockchain technology impacts the voting process, and we will divide the article into internal headings with a brief description after each subheading.
How Bitcoin and Blockchain Technology Can Help
The idea of using Bitcoin as a means to change the voting process has been considered since the early days of this new technology. In 2012, computer scientists in Canada were exploring the potential of Bitcoin as a “kind of timestamp for digital information” and “something that makes electronic voting more secure.” Jeremy Clark and Alexander Essen, computer scientists from Ontario universities, envisioned the potential use of blockchain technology to enhance the security and verification of the voting process. They called their method “committed currency” (source: Federal Blockchain)
Blockchain Companies Involved in Voting Systems
The trend of blockchain companies toward building a secure voting system considers making blockchain concepts contribute to providing a better voting system. Among these companies is one called “FollowMyVote,” which is based in Virginia. Adam Ernst, the CEO of the company, stated that “there is a common idea that online voting cannot be done securely. But the advancement of blockchain technology changes that narrative.” Ernst explained that the company built its voting system that guarantees each vote is recorded once (by using a token) for the candidate they choose and permanently recorded on the blockchain. Another company, called “BitCongress,” has been working on creating a platform that utilizes blockchain technology to replace or enhance current voting methods used today. The company uses blockchain with a token-based system to control the voting process, ensuring that one person corresponds to an unchangeable vote. This token is called “VOTE,” and by using blockchain to permanently record each vote, it ensures that these votes cannot be manipulated or double-voted.
Source: https://www.thebalancemoney.com/how-the-blockchain-will-change-how-we-vote-4012008
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