How Votem Intends to Democratize Democracy Through Blockchain Technology
Electronic voting is by no means new. In one way or another, non-paper-ballot voting has been going on for decades. It should surprise no one that there have been instances of severe security breaches in more than one jurisdiction. The HBO documentary “Hacking Democracy” covers this in detail. Cryptocurrency enthusiasts know there is a good solution to the problem of compromised electronic voting. The ledger that underpins Bitcoin, the blockchain, is perhaps the most secure design ever seen. Pete Martin, founder and CEO of Votem, a veteran of SAP consulting, went to a business conference a....
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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....
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 data module made sense because it was the most efficient option afforded to that particular era. With the advent of the internet, the ability to share information has changed so fundamentally that it is hardly comparable to the methods used....
Originally designed to democratize power within the financial system, Bitcoin's blockchain technology is now playing a role in the area of democracy itself. Despite receiving much attention, online voting adoption has yet to take off meaningfully worldwide, amid concerns that existing platforms are vulnerable to fraud, corruption and sabotage. Last year a team accredited to observe the 2013 municipal elections in Estonia - the only country to run Internet voting on a wide scale - revealed that they observed election officials downloading key software over insecure Internet connections,....
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....