The use of the blockchain has grown well beyond crypto. Various industries are now trying the technology to make their business processes more efficient. Some of the industries that have incorporated the blockchain thus far are the logistics sector and the finance sector. India now has interest applying the technology to the political system.
However, the technology is now making its way into the democratic process. A recent media report in India indicates that the nation’s electoral body might soon start using the blockchain. To implement the blockchain, the Election Commission of India will be working with IIT Madras, the premier college of engineering in India. They will deploy the technology as an effort to increase voter turnout. Low voter turnout is due to the high level of migration within India. It is estimated that over 84% of people move from one state to the other often.
Blockchain Voting System
With this deal, those that are far from their home state will be able to cast their vote without visiting the polling station. According to an official at the Election Commission, the project will allow the creation of a two-way electronic voting system. It will take place over white-listed IP devices on dedicated internet lines that will be enabled using biometric devices as well as a web camera.
The two way system will require that voters be present at a designated area for a given period. The voter identification and authorization will be required in this area. Once this has been done, the voter will be given a personalized e-ballot paper that will be secured using blockchain technology.
Once a voter casts their vote, the smart contract is going to be executed. The ballot is going to be encrypted and a blockchain hashtag is going to be generated. The notification hashtag is going to be received by the candidates as well as the political parties taking part in the election.
According to the official, this will ensure that when a voter travels, they will not miss the opportunity to vote. Besides that, it means they will not need to put their life on hold and travel to their home state to take part in an election. To vote, they will only need to visit a predesigned spot where they will cast their vote.
Blockchain Immutable Transactions
Even in the United States, voting has become a tech nightmare. The list goes on forever, but most recently the Iowa caucus results were delayed due to application malfunctions. According to USA Today, “state and local officials have invested billions of dollars in voting machines, registration databases, training programs and more.” Utilizing the blockchain will allow these entities to cut costs dramatically. Blockchain technology offers immutability which could benefit the voting system tremendously.
The country’s IT sector has experienced a boom in the recent past. The nation recognizes the potential of the blockchain and they are working to incorporate it into different sectors. These sectors include finance, governance, and the banking sector. Earlier, the regulator had urged telecoms in the nation to use the blockchain to fight against spam calls and messages.
Even the country’s tea sector is interested in blockchain technology. They believe that the blockchain could help to increase transparency in the sector in both the traceability of products as well as its operations. Besides that, the country’s Tech Mahindra, an offshoot of the Mahindra Group, recently began working with a blockchain incubator based in the Netherlands to secure payments.
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