One of the data analytical firms is conducting research on finance and technology which released a report stating that the business activities based on blockchain technology are projected to reach an overall value of two trillion dollars by 2030.
Blockchain technology has brought an innovation far and wide. With new ventures and projects, it is looking to give a new data structure to every business process. The idea of using blockchain for elections is worth more than just an experiment. Blockchain voting is using a safe and tested interface which could remove voter fraud and improve the overall results. It will make it more suitable for citizens to vote irrespective of the distance and time. It will reduce the expenses of conducting elections and rationalize the procedure of counting votes which could guarantee that all votes are counted properly.
Furthermore, in spite of the present drop in the crypto market, applications for blockchain are still growing. Blockchain technology helps to identify a voter by using biometric tools like a thumbprint scan before voting on a mobile device.
Open Source Software For Transparent Elections
There are many ways of the electronic transmission of ballots such as privacy, security of the election process, security of the voter’s computer, denial of service attack, voter pressure, auditability, authentication and inconvenience for the local election official. However, with all these features, Blockchain has to be tested, be available at the best cost and it should attract a high number of users.
The most important aim behind building a Blockchain based Voting platform was to make sure that the system is safer and flexible and it could further eliminate the conservative method of Voting.
In addition, many countries are making efforts to make sure that the Voting process is safer and less susceptible to unnoticed exploitation, it is important that political determination to support blockchain technology is also necessary according to News Bitcoin.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]