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Cryptocurrencies : 18,248

Total Market Cap : $2.29T

BTC Dominance : 56.78 %

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Moscow To Use Blockchain Technology For Voting Process

Russia’s capital Moscow is bringing blockchain technology for ensuring the security and transparency of its electronic voting process.

As per the official news outlet of the Moscow Mayor, citizens who have permanent registration in Moscow and are over 18 years old can avail of the blockchain-based system to vote for or against proposed changes to the Russian constitution on June 30th.

The one who wants to use this electronic voting system needs to register online. Once the information is submitted during registration it will be cross-checked with a centralized database of voters to identify applicants who will be eligible to participate in the electronic voting. 

If Russian President Vladimir Putin gets the votes in his favor then the proposed constitutional amendments will extend his term to 2036 or he is supposed to leave his post in 2024.

The officials of Moscow believe that distributed ledger technology can address concerns of irregularities in the election since the decentralized nature of blockchain makes the data in the network transparent and verifiable.

“In order to change the information regarding bulletins, it is necessary to obtain the approval of most network participants, so the blockchain chain is almost impossible to crack.”

“The voice itself is anonymized and encrypted. There will be two encryption keys – one held by each voter while the second will be divided into several parts and stored by different network participants.”

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