The cryptocurrency Bitcoin has risen into public consciousness over the past few years. It is the first digital currency to reach this level of success and notoriety. Bitcoin is based on a decades old cryptographic concept called a blockchain. As people and companies seek new ways to conduct elections that make better sense in our high tech world, several startups have proposed using blockchains, or even Bitcoin itself, to conduct elections. Using Bitcoin (or a blockchain) as an election system is a bad idea that really doesn’t make sense. While blockchains can be useful in the election process, they are only appropriate for use in one small part of a larger election system. A blockchain is basically a public database of information that is distributed across many different computers so that all users are able to verify that they have the same overall data even if some of the computers go down. There is no need to trust a central server or authority. A blockchain is a fundamental concept in cryptography that existed for decades prior to being used in cryptocurrencies like Bitcoin.Full Article: Blockchains & Elections: Don’t Believe the Hype – Free & Fair.
Mar 25 2016