12 Jan 2025

How to implement elections on blockchain?

How to implement elections on blockchain?

The main difficulty of online elections is to ensure the security and publicity of the voting process, organization and its results.

On this page

Blockchain technology presents a good option for current voting system problems due to its useful properties. Data on the network is completely public and protected from external influences. Every voter is able to track the process, as transactions cannot be falsified, because any change will remain visible.

But the reality is that the public authorities have faced a number of obstacles that prevent the blockchain from being implemented into the voting process:

Distrust of voters

Unfortunately many people do not trust the idea of online voting. Even fewer people understand how blockchain works. So the idea of a crypto-based election meets with criticism from the conservative community. 

Vulnerability and anonymity

Not everyone has a smartphone, which is necessary for online elections. At the same time, software development will be quite expensive due to the limited number of blockchain specialists and low mobility of the sphere. MIT researchers consider blockchain elections to be  unreliable due to privacy issues and possible bugs in the network’s code. Hackers often take advantage of bugs in smart contracts and it should not be underestimated. 

Technological challenges

Not every blockchain can handle the network load that occurs overnight in the voting process. For example, 18 million people participate in the presidential elections of Ukraine. A blockchain with a large capacity is needed for voting so that transactions do not “hang” and do not create problems for the network.

The crypto industry can already solve this problem. For example, Stellar can process 1,500 transactions per second, Tron – 2,000, Ontology – 5,000, Solana is theoretically able to handle 50,000 transfers simultaneously. The founders of DFinity claim that the ICP network is able to exceed the performance of competitors by a dozen times, when fully deployed.

In addition, transactions are sent to the mempool and executed in order of priority even if the blockchain is overloaded.

Another concern is also what the voting process will look like from inside. There is a concept of using smart contracts and creating special tokens that will be bulletins for the voter. The election process would then look like this:

It is quite easy to understand such a system, but the main integration challenge is the development of software for voters. It is also worth choosing a blockchain with a small transaction cost to make elections economically feasible. Fortunately, the crypto industry has no problem with it. 

In general, blockchain technology looks very promising for the integration of online voting. Solving technological challenges and educating the population on this issue will help to accelerate the process of elections modernization and will create a base for multiple use of technology.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author

Latest News

MORE
The Crypto Rollercoaster of 2024 — Wins and Woes

The Crypto Rollercoaster of 2024 — Wins and Woes

The crypto sector evolved at breakneck speed in 2024. With major wins and notable setbacks, it’s time to reflect on the year’s key developments and their implications for the future.

31 Dec 2024
OpenSea Token: Release Date and How to Qualify for the Airdrop

OpenSea Token: Release Date and How to Qualify for the Airdrop

The NFT marketplace OpenSea, a pioneer in the space for the past seven years, is expected to launch its native token in 2025. A significant portion of the tokens will likely be distributed through a retroactive airdrop—a common way to reward the community for their past activity and support.

30 Dec 2024
5 Most Exciting Token Launches to Watch in 2025

5 Most Exciting Token Launches to Watch in 2025

In 2024, we saw a number of hot airdrops and token launches, from AI-powered projects to the rise of memecoins. Now, as we head into 2025, the crypto space is set to expand even further with an increasing number of cryptocurrencies.

27 Dec 2024
A Million Bitcoins for the U.S.? Cynthia Lummis’ Ambitious Plan

A Million Bitcoins for the U.S.? Cynthia Lummis’ Ambitious Plan

Wyoming Senator Cynthia Lummis has proposed an ambitious plan to create a strategic Bitcoin reserve for the United States. In a recent interview, she explained how Bitcoin could strengthen the global position of the U.S. dollar and help address the growing national debt.

23 Dec 2024

Latest News Alt

MORE
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 6, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 6, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, along with the current cryptocurrency market dynamics.

06 Jan 2025
Weekly Analysis of BTC, ETH, and the Stock Market (Dec 30, 2024)

Weekly Analysis of BTC, ETH, and the Stock Market (Dec 30, 2024)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

30 Dec 2024
Weekly Analysis of BTC, ETH, and the Stock Market (Dec 23, 2024)

Weekly Analysis of BTC, ETH, and the Stock Market (Dec 23, 2024)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

23 Dec 2024

Might Be Interesting

MORE
Mining Farms Uncovered — How Crypto Is Mined at Scale

Mining Farms Uncovered — How Crypto Is Mined at Scale

As a cornerstone of the crypto industry, mining farms drive blockchain networks. But how do they work? Uncover the mechanics behind these cutting-edge hubs and their role in the crypto landscape.

07 Jan 2025
William Quigley, WAX/Tether: Stablecoins’ Role in Global Payments

William Quigley, WAX/Tether: Stablecoins’ Role in Global Payments

William Quigley, co-founder of WAX and Tether, firmly believes that stablecoins are more than a tool for traders—they’re the key to transforming the global economy. Already central to crypto trading and cross-border payments, their future potential is even more exciting.

04 Jan 2025
Why Blockchain Is Different from Traditional Databases

Why Blockchain Is Different from Traditional Databases

In the world of business and finance, information is everything. Traditional databases have been reliable tools for decades, but blockchain presents a groundbreaking alternative. What sets it apart, and could it lead to a paradigm shift?

03 Jan 2025
How Does Multisig Works and Protect Your Assets?

How Does Multisig Works and Protect Your Assets?

As threats to digital assets evolve, multisig technology provides a highly effective security layer. By requiring multiple signatures for transactions, it significantly reduces risks such as hacking and access loss.

02 Jan 2025
Crypto Price Gaps: Why Platforms Show Different Prices

Crypto Price Gaps: Why Platforms Show Different Prices

The crypto market has nuances you may not have noticed at first glance. For example, when you want to check the Bitcoin price, you probably Google it without thinking to compare the results. But when you monitor the market regularly and engage in trading, you notice the prices aren’t the same on all platforms.

24 Dec 2024
The Czech Republic and Its Crypto-Friendly Policies

The Czech Republic and Its Crypto-Friendly Policies

The Czech Republic is emerging as a crypto-friendly nation, recognizing cryptocurrencies as legitimate payment methods and encouraging their use in business. But its regulatory framework is still taking shape. Here’s how crypto is managed today.

23 Dec 2024

Opinions

8 Commandments for Crypto Exchange Users

8 Commandments for Crypto Exchange Users

While cryptocurrency exchanges offer many security features, they are still vulnerable to hacks, fraud, and other criminal activity. Remember, no online platform can guarantee 100% protection for your funds. Follow these eight key rules to reduce your risks. Rule #1: Don’t Believe in the Myth of Absolute Exchange Security Even the largest and most seemingly […]

12 Jan 2025
10 Key Investment Trends to Watch in 2025: Green Crypto, Regulations, and More

10 Key Investment Trends to Watch in 2025: Green Crypto, Regulations, and More

Donald Trump is back, Germany’s economy is in trouble, while U.S. economic indicators seem to have a robust momentum, and interest rates are sliding downhill. Sounds dramatic? It is. But 2025 isn’t all doom and gloom—it’s full of opportunities for investors who know where to look. Whether you’re a seasoned pro or someone still figuring […]

12 Jan 2025
MORE

Interviews

Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Dmytro Gordon and Volodymyr Nosov: A Sensational Interview

Volodymyr Nosov, CEO of Europe’s largest crypto exchange WhiteBIT, sat down with Dmytro Gordon, one of Ukraine’s most prominent journalists. The interview touched on Bitcoin, crypto, WhiteBIT, cars, keys to success, and business vision.

18 Dec 2024
WhiteBIT CEO: Standing Strong Against Russian Aggression

WhiteBIT CEO: Standing Strong Against Russian Aggression

In an interview with BTC-ECHO, Volodymyr Nosov, the founder and CEO of WhiteBIT, discussed the impact of Russian aggression on the crypto exchange’s business, how WhiteBIT stays a top competitor in the industry, and when he believes our financial system will be completely transformed.

04 Oct 2024
MORE