Blockchain Voting May Lead to Liquid Democracy Globally in 20 Years
Democracy is defined as a system of government by the whole population or all the eligible members of a state, typically through elected representatives. This makes election a very important aspect of human existence. Weakness of existing models. The struggle for power and control has seen the weaknesses of existing methods of the electoral processes being explored, exposing the system to the plague of accusations of illegitimacy. Since the advent of the Blockchain and immutable data technology, there have been innovations of voting systems claiming to make it trustless, transparent and....
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As a continuation of my Blockchain series, I will be covering the potential of the blockchain for the purpose of voting reformation. In order to properly cover sidechains, I need to continue to dig into the knowledge base regarding the technology to learn more about the technology before I write about it. Sidechains are a revolutionary idea for Bitcoin, and it deserves to be reported well. In this part of the series, I intend to explain the importance that blockchain technology can play in how voting is done. Voting throughout history has shown us that corruption can take root, and many....
The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting. Voting is a very important part of any democracy, as it gives its citizens the chance to participate in the democratic governance process. In a democracy, the objective of voting is not just the creation of government but a collective effort that drives the interests of the society and the economy.The fundamental objective of voting across the world is to ensure that it happens in a fair and transparent way. The traditional ballot system has existed for years, but it’s safe to say....
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....
Regardless of one’s opinions about the outcome, the recent Brexit referendum in the U.K. should be considered a welcome example of direct democracy. In fact, letting the citizens express their preference on important issues, bypassing the intermediation of politicians, is often desirable. Why, then, isn’t direct democracy used more often? One reason is that it costs money to organize and run elections. Another is that voting is still a 20th century (or 19th century) process that requires physically going to a place, or in the best cases, sending paper documents via snail mail. Therefore,....
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....