National: Blockchain Might Make Voting Worse — Not Better: Crypto Researchers | CCN
Three researchers with the Initiative for CryptoCurrencies and Contracts (IC3) are questioning whether, as some proponents claim, blockchain technology will be able to change the internet voting sector for the better. In an article published by Business Insider, the scholars argue that while blockchain technology might serve to revolutionize other industries, internet voting might be a sector that doesn’t benefit from the technology at all, and could potentially even be harmed by it. The researchers start off by acknowledging that they understand why blockchain technology is being considered as an option to optimize internet voting. There is little doubt in the fact that the cryptocurrency world has attracted billions of dollars for legitimate reasons and that it has clear potential to revolutionize everything from the global payments sector, to logistics, to retail, to land ownership rights, among other sectors.