Blockchain will transform the way we vote and our trust in the ballot. We would no longer need to remain in lines and be genuinely present at the voting station. We could simply vote from home or anywhere at all. More importantly, by creating immutable records, Blockchain would make it difficult to mess with our votes- proxy voting, ballot destruction and ballot stuffing would become mare less of an issue. This would also alter an individual’s impressions of political power. Now, around a third of voters in both developed and developing nations do not trust the result of the elections. If voters are given completely transparent voting process, trust in the public authorities would rise otherwise it’s a sinking boat.
Some countries are making their moves in this direction. The city of Moscow plans to utilize blockchain in a city management plan where inhabitants could track voting on city projects progressively. For that point, it takes only one step to execute it in nationwide voting mechanisms. Also, from that point, only one stage to implementing transparency across myriad political processes that are in everyone’s best interest.
Increased transparency in political procedures diminishes the risk of tax evasion. Blockchain based online voting system will bring end to the dictatorship which maintains the superficial appearance of the democracy. Decentralized technology is completely opposite of what repressive regimes can survive under. Corruption takes place when there is lack of transparency on the power; if everything is required proof-of-work. then no power can survive the forgery, bribery and corruption.
Document will no longer be supported or claim by one single party and stored on a single server. Document forgery would not be approved because of consensus protocol. Russia is an appropriate a valid example as applying Blockchain in a society where corruption has plunged all circles of life will acquire substantial outcomes in very near future, to the surprise of many.
Proof shows that the implementation of Blockchain mechanisms can not only clean a country’s political system, but could also enhance economic growth as it will force the leaders to show proof-of-work.