Op-Ed: How Blockchain Technology Can Revolutionize E-Democracy
Our democratic systems of today were designed hundreds of years ago, in a time when letters were drafted in quill and ink, and then sent hundreds of miles over horseback to be shared between individuals. Governing institutions required closed-door offices in order to handle and organize the massive number of documents required by their agencies. This....
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The Flux Party of Australia suggests using a Bitcoin-based approach to save democracy from itself. The virtual tokens will be issued to distribute the will of their voters to their elected officials. Bitcoin Debut in Politics. The politics of Australia has been in turmoil for some time now. The country has seen five Prime Ministers in and out of the chair in the last 5 years. The Upper House has been deadlocked by a few senators that were elected with less than 1% of the vote, owing to the eccentric electoral system of Australia. For the Aussies, there couldn’t be a better time for a fresh....
The interesting bit about Ethereum and its blockchain is how the software solutions can translate to real life use cases. Anyone who has ever dreamed of creating their own company or organization can now do so with the Ethereum blockchain. Getting involved in establishing DAOs is a great way to revolutionize the world as we know it, even outside of the financial world. The blockchain is being looked at as a great way to transform finance as we know it to this very day. Although there is a genuine use case for distributed ledger technology in the monetary system, its use cases transcend....
By using the concept of Bitcoin and blockchain technology, real democracy can be reinstated in the world of politics. The concept of Bitcoin and blockchain technology can be used as an example of how to revolutionize certain aspects of life. Politics are a very likely candidate, as the way we vote or create political parties needs to be revamped. The Flux Party in Australia is taking that principle to heart, as they are labeling themselves as the “Bitcoin of politics”. Quite a bold statement but their ideology holds particular merits that are worth exploring further. If The Flux Party has....
New York-based Blockchain Technologies Corp (BTC) is in the news with a startling product that it hopes will revolutionize the way the USA votes! The company is hoping that its product, "Blockchain Apparatus' Blockchain-secured Voting Machine," will be able to help stabilize the crumbling existing voting structure with its more secure voting machines. On its website the company is unambiguous when it states its agenda in the following words: "America's voting machine technology - or lack thereof - is a looming crisis. Many states use voting machines that are over 10 years old that are not....
Democracy is antithetical to the fundamentals of private property rights and, therefore, the functional, fair organization of society.