Analysis of Present Day Election Processes vis-à-vis Elections Through Blockchain Technology
13 Pages Posted: 16 Feb 2017
Date Written: January 24, 2017
Currently, Democracy is realised through representatives elected by the people. These elections are periodic activities. They involve expenditure of big amounts of manpower, money, time and other resources. It is important to note that during an election, the administration and day-to-day lives of people are affected as election activities take centre stage. Present day elections are amenable to influence where Voters can possibly be intimidated to vote against their will. In many instances, the trustworthiness of the election process is itself uncertain. In such a situation, we need an election process that is fair, convenient transparent, and inexpensive. Blockchain technology provides a possibility to attain a highly dependable and certifiable election process. This process is also inexpensive at the same time.
This paper deals with examining possibilities of conducting elections through the Blockchain. Blockchain technology is briefly introduced. The procedure that underlies voting through Blockchain is defined. The advantages of such a system are then deliberated. The various points vis-a-vis present day election processes are analysed. The paper concludes by analysing the possible impacts of voting through the Blockchain.
Keywords: elections, blockchain, voting, democracy, blockchain use cases, republic, bitcoin
JEL Classification: D72, D74, D81, J18, O33
Suggested Citation: Suggested Citation