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Blockchain Voting Will be Coming to an Election Near You, and Soon

What happened?

Remember when everyone was freaking out about how the Russians were going to hack the election? Turns out, they may have been a little late to the game. Blockchain voting is coming, and it's going to change everything. Seriously, this stuff could totally revolutionize the way we do elections. No more corruption, hanging chads, no more waiting in line for hours! A Japanese startup company just received a development grant to build a blockchain-based electronic voting system with embedded user ID. Hopefully, this means that voting machine scandals will be a thing of the past.

Read the original article: https://bit.ly/3HpC8yI

Why is this important?

Blockchain voting is a good thing to aim for when it comes to future elections. After multiple voting machine scandals across the world, blockchain voting could mean fairer voting and less gross campaigning. The PHI team’s voting system wasn’t initially designed for elections. It was designed for casting votes through a Decentralized Autonomous Organization (DAO). This is in preparation for the Web3 era. GoVote can be used for general meetings of shareholders and other online communities and gatherings where a vote needs to be cast. But now, everyone sees the bigger picture blockchain voting can stop voting scandals in national elections. And we don’t even have to leave our homes to vote. PHI is working with the Concordium blockchain – specialists in identity management. This is to provide vote anonymity and tamper-resistant voting results. Concordium, based in Switzerland, is a Web 3.0-based, sustainable and science-proven blockchain. It is the first decentralized blockchain with identification at the protocol level. This identity layer offers transactional privacy, while also supporting regulatory accountability.