Binance CEO and Ethereum Co-founder Raise a Voice for Blockchain-based Voting Process

Prominent figures of the crypto and blockchain space have raised a voice for the blockchain-based voting system as it would take less time for counting and would make the whole process of voting secure.

Ethereum’s co-founder Vitalik Buterin and Binance’s CEO Changpeng Zhao are the latest figures who tweeted about developing a blockchain application for voting. With the blockchain-powered voting system, the democratic process will become more transparent and secure.

Blockchain App for Voting

According to CZ, if there is a blockchain application for voting then people do not have to wait for a long time. And privacy “can be protected using a number of encryption mechanisms.” He asked the community of blockchain developers to build an app for this purpose. “Develop something now, get it approved (obviously hardest step), and get 300 million plus (fully KYC’ed) users in 4 years time. Any capable developer should be willing to do it ‘for free,’” he added.

Buterin endorsed the tweet of Zhao for raising voice about using blockchain in the democratic process and said it was not a difficult thing to implement “cryptographic voting system.” In a response to Zhao’s tweet, he stated “this is directionally 100% correct.”

With cryptographic solutions, all problems related to the voting system will be eradicated. The validity of votes and counting of every single vote will be ensured if the DLT technology is used in the whole voting process.

Charles Hoskinson, the founder of Cardano, also endorses the claim of Binance CEO and Ethereum co-founder.  According to Hoskinson, it is a true path towards a transparent voting system. Recently, he hinted that Cardano was working over “building the infrastructure” for this purpose.

But there are some people in the crypto space who believe that “blockchain democracy” is currently impossible as many blockchain networks are suffering from a number of security issues.

Voatz is a voting application developed by Medici Ventures, the subsidiary of Overstock. Overstock chief Jonathon Johnson claims the voting app, Voatz, can solve all problems facing by the voting system. But the app is not accepted by the community with open arms as MIT found many vulnerabilities in it last year.

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