Blockchain technology is now employed in cryptocurrency systems to create a highly secure, decentralized, anonymized, yet auditable chain of information. There are already peer-to-peer applications for file sharing, music streaming, and more. However, the idea that these networks could provide their own security and resources has only been around since 2008, since blockchain’s success was largely dependent on the success of the technology that gave birth to it, bitcoin.
Developers who have recognized the value of blockchain are now racing to develop new use cases for it and put their ideas into action.
The core importance of blockchain is its approach to enhancing existing systems. From the start, astute observers saw the technology’s potential, as bitcoin provided a more secure and trustworthy payment processing and banking solution than existing ones. In recent years, the same individuals have used blockchain to transform industries as diverse as cloud computing, smart contracts, fundraising, and even health services. However, voter fraud is one of the most serious issues that blockchain’s decentralized muscle can address.
Blockchain can be used for any type of data transmission, not just financial transactions. Because a vote is a small piece of high-value data, this type of system infrastructure is extremely useful for voting. Modern voting systems are largely stuck in the 20th century due to necessity, and those who want to vote must leave their homes and submit paper ballots to a local authority. Why not make this process available online? Some have tried, but due to large gaps in security, it has been difficult to trust the results.
Blockchain technology has the potential to solve many of the issues that have been identified in these previous attempts at voting systems. A blockchain-based voting application is oblivious about the security of its connection to the internet because any hacker with significant exposure to the terminal cannot affect other nodes. Citizens can cast their ballots without revealing their identity or political opinions to the general public. Officials can count votes with complete confidence, knowing that each ID corresponds to a single vote, that no fakes can be created, and that tampering is impossible.
Blockchain is paving the way for direct democracy, in which people can make policy decisions for themselves rather than relying on representatives to do so. While the rules of a political election may need to be altered to accommodate such a transparent system, blockchain is also ideal for informing business strategies, guiding general meetings, counting votes, population data, and other activities.
Companies are already working to bring blockchain to the voting population. Brighton Technologies is one such company that has developed a one-of-a-kind solution to the question, The company believes that its first product is the solution. The company is currently preparing for an ICO, which is scheduled for November.
Brighton’s secure digital ballot box is a smart and more affordable solution to the issues that plague today’s voting process. People involved will vote their conscience using decision tokens (HST) from a mobile phone or PC, which will then be logged in to an immutable blockchain and used to accurately verify the election’s results. Manipulation, recording errors, or tampering are not permitted. This project is beneficial for deciding in an atmosphere where funds and jurisdiction are shared, instead of casting a vote. It will also boost willingness to participate. Here, one of the co-founders expounds https://www.youtube.com/watch?v=cCMs82laAt0
Low voter turnout has resulted in fewer people showing up to vote in the past few years, despite the fact that it has become more vital to do so. These figures are likely to rise if an indisputable and simple way to vote from one’s phone or computer is made available. Even authorities have a reason to reform the system: when all factors are considered, a vote cast currently costs around $7.00 and $25.00. One such type of blockchain product ends up costing only $0.50 per vote.
Mudimba Pascal Ambogo