Blockchains Will Change the Way the World Votes

Blockchains Will Change the Way the World Votes. Center for Strategic & International Studies. Phillip Meylan, Daniel F. Runde. January 26, 2018

 Amid the clamor around bitcoin’s ascendant (now descendant) value, the potential of a far greater contributor to society has been clouded. Bitcoin—which has in recent months been both the godsend and the bane of speculative investors around the world—is made possible by its underlying blockchain technology. Lauded as a technological innovation on the same magnitude as the internet, blockchains at their simplest are diffuse electronic ledgers that garner efficiency, transparency, and remarkable security through a decentralized structure. You don’t have to understand everything about the underlying technology to see how such a system could have a significant impact on our lives.

Blockchains are now being adopted globally for things as diverse as smart contracts, property rights, health care, and humanitarian assistance. But, blockchains also have enormous potential to revolutionize the way elections are conducted. If implemented correctly, such systems could mobilize new electorates, increase voter participation, reduce election violence, and make elections more secure and reliable than ever before. [Note: contains copyrighted material].

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