Voting

A major political scandal has taken place in Georgia. The opposition party called Girchi has promised everyone who votes for its candidate in the next elections, crypto coins worth $50. Such an act has been immediately recognized by opponents as a bribe.

In 2018, West Virginia used the blockchain to conduct voting for a midterm election, and this made it the first U.S state to replace the ballot with a new technology. The state will go forward with the use of blockchain and distributed ledger technology (DLT) in all voting exercises, as stated by Donald Kersey, elections director in the West Virginia Secretary of State’s Office.

A recent voting exercise that took place in the town of Innisfil, Canada, resulted into the beginning of a pilot project which allows paying taxes for property using cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and others, and this will work for around 12 months.

A lot of society’s resources have been spent to enable the voting process of civil rights. Italy alone spent over €389 million to conduct the 2013 parliamentary elections. It is now investing heavily to enable efficient blockchain-based e-voting in the future.

Democratic life can be influenced by innovations such as Blockchain technology, Cryptocurrency, Artificial Intelligence (AI) and others, though there are still many unanswered questions and hunches related to these infant technologies. Now the Italian government wants to apply blockchain to electoral processes in order to enable citizens living across the globe to participate in voting, Fortuneita reports.

Thai government agency NECTEC has created a distributed ledger technology (DLT)-based solution set to digitalize the voting process in Thailand. The tech unites e-voting in close groups and the traditional balloting. In case 5G is adopted, every voter shall be connected to the voting platform.

The supreme authorities of Korea have started to bring into life a new fintech project, aimed at raising reliability and security of online voting facilities. Blockchain platform is promised to be completed next month, with several trials prior to the launch.

Digital currency has widely expanded and found a lot of applications in different areas, including the political sector. For example, cryptos can be donated in federal elections and citizens insist on treating such donations equally to those made in fiat currency.

Since the earliest inception of Crypto and Blockchain technology, one of the principal uses for the technology outside of monetary related transactions has been as a method for safe, digital voting.