Friday, November 6, 2020

Binance Urges US to Create Blockchain-Based Voting System

 Binance CEO, CZ and Ethereum co-founder Vitalik Buterin via social media site shared their views on the use of blockchain in the voting system with the aim of improving the quality of democratic processes in the United States (US).


CZ posted a tweet on Twitter, urging developers to build a blockchain-based mobile voting system because it is more secure in reducing total vote counting time, improving voter privacy, and blocking any questions about the validity of voting results.


However, Buterin added that the plan was not an easy one. According to him, the cryptographic approach does not necessarily mean the blockchain approach although initially Buterin said the system could be used to maximize anti-censorship guarantees.


At least the application of the system brought hope for the weakness of the voting system in the US again when the U.S. Postal Service reported a failure to send 27% of the vote from South Florida.


Cardano founder Charles Hoskinson also has the same opinion as CZ and Buterin, and is even reportedly building the facility for the purpose of the next national election.


The approach was not celebrated by MyCrypto founder Taylor Monahan who thought the community was not yet ready to accept blockchain democracy.



He added that blockchain security issues such as hacking and scams, and the issue of crypto currency networks that arose caused the decision to be refined.


Like the voting app established by Medici Ventures, Overstock subsidiary has been criticized by MIT security researchers for its weaknesses in terms of security.


Russia may be the first country to successfully use the blockchain-based voting system built in Waves with a voting record of nearly 300,000!