Democracy 3.0: Voting Through the Blockchain
10 Pages Posted: 23 Jan 2017
Date Written: December 23, 2016
Present day Democracy is realized through representatives elected by the people. These elections are periodic affairs. They involve a large amount of money, manpower, resources and time. In the process the administration and day-to-day lives of people are affected. Moreover, present day elections can be manipulated and voters can be coerced to vote against their will. Many a times, the credibility of the election process itself is questionable. In such a scenario, we need an election process that is transparent, fair, inexpensive and convenient. Blockchain technology makes it possible to attain a highly credible and verifiable election process at an inexpensive cost.
This paper deals with upholding Democracy through the Blockchain. The concept of Blockchain is introduced. Then a short recap of Democracy is narrated. The procedure that underlines voting on the Blockchain is outlined. The advantages of such a system are then deliberated. The paper concludes by analysing the impacts of voting through the Blockchain.
Keywords: voting, democracy, elections, republic, blockchain, bitcoin, blockchain usecases
JEL Classification: D72, D74, D81, J18, O33
Suggested Citation: Suggested Citation