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Distributed ledger technologies such as Blockchain are a hot topic at the moment. Startups incorporating blockchain technology are raising hundreds of millions of dollars using a new form of crowdfunding called the Initial Coin Offering (ICO). Many of these startups offer new solutions for existing problems or are adapting existing services with Blockchain to differentiate themselves. It seems that almost any industry or service can and will be disrupted by Blockchain. One area that I would like to discuss in this article is the usage of Blockchain for the democratic process, because as it seems using blockchain in our democratic processes could significantly improve the democratic system.
Voting using blockchain could eliminate electoral fraud by making votes immutable, verifiable and traceable and it will make results available instantly, as soon as the election closes. As such, when votes are recorded on a blockchain, it will enable citizens to be 100% sure that their vote is submitted, that it is counted and that it has not been changed while ensuring complete privacy for the voter. One country that has been experimenting with blockchain-based voting is Estonia. Estonia is by far the most advanced country in terms of electronic voting. This is made …
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