A blockchain voting project netted $10,000 in a recent contest organized by cybersecurity firm Kapersky Labs.
Dubbed Votebook, the proposed system connects voting machines via a private blockchain run by, say, a local elections authority. The Votebook concept would enable constituents to check that their votes were actually counted, according to the team, which hails from New York University.
As the team behind the project explained in their pitch, hosted on the website of The Economist:
published in October by a think tank run by the EU Parliament also explored the concept, going as far as to propose that the bitcoin blockchain be used for this purpose by tying votes to transactions on the network.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.