Venezuela’s Opposition Organizes Blockchain Voting

Blockchain-inspired tech entrepreneurs believe that the voting system in the future will utilize blockchain in the process to avoid rigging and to promote transparency in the whole process. The opposition party in Venezuela held a successful blockchain voting in which millions of citizens cast their votes.

Unofficial Referendum

The unofficial referendum was held by the opposition leader Juan Guiado and 6.5 million people expressed their opinion by casting their votes. The purpose of the referendum is to give freedom to people whether they want Nicolas Maduro in power or not.

What’s more, blockchain-powered voting has occurred over Voatz platform. Voatz came into existence as a platform known for blockchain voting where votes can be cast with full privacy and transparency. The pro-democracy platform is integrated with a secure messaging app called Telegram, and citizens were given a period of four days to express their choice.

“The consultation killed the fraud, democracy kills the dictatorship,” said Guiado.

Blockchain technology is a new technology that can be implemented in many practical cases to ensure security, privacy, and transparency, which are not possible in physical operations.

In the referendum sector, various countries have launched pilot programs to check the feasibility of blockchain-based systems. Some states of the United States, including Colorado, Utah, and West Virginia, are testing this new technology.

In most countries, such as developing countries, it is a bitter truth that powerful forces try to manipulate the election. And it is not possible to correct the current system but to bring new technology such as Blockchain.

Blockchain Brings Transparency

With DLT technology, the election will become secure, private, and transparent. Moreover, no force can steal the mandate of a party. So, it can help to bring a truly democratic election system in the world, which cannot be manipulated by any illegal force.

“Blockchain technologies are attracting development organizations and anti-corruption communities because of their potential to prevent corruption and protect public registries from fraud and tampering,” said U4 Anti-Corruption Resource Center.

The government of Venezuela, recently, organized parliamentary elections, which were harshly criticized by the world community due to the presence of fraudulent actions. The ruling party achieved a mandate of 6.2 million people in the election held on Sunday. In this way, they have won the “majority of Parliament,” but the various governments and opposition criticized it.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Venezuelan International Airport Has Started To Accept Bitcoin Payments

The adoption of decentralization continues to proceed at a steady pace, and more and more countries are taking the initiative of accepting DeFi in either a legal or private approach. Recently Venezuela airport has announced to start accepting BTC payments from the passengers. This is done in a private capacity and not the state of […]

Edward Snowden: CBDC Is Not A True Cryptocurrency

There was a time when investors, traders, or even the simplest of businessmen used to do their business in gold. At the time, it was the only acceptable mode of payment on a global scale. Then the mean of economic development rolled, and we were using coins made of bronze and aluminium to preserve gold […]

Brazilian Authorities Want To Legalize Bitcoin

A breath of fresh air comes from Brazil as it makes transitions to engage with crypto-oriented payments in the next few months. According to the Brazilian federal deputy, the whole project is in motion, and there will be an outcome soon enough. On a hilarious note, he said that people would be able to buy […]

New Feature Allows Private Ethereum Transactions

When it comes to mentioning the most elegant blockchain or digital infrastructure regarding cryptocurrency, it is without a doubt that Ethereum blockchain is definitely going to get nominated for that. It is hands down the best crypto blockchain there is, which ensures complete security and efficient transfer of protocols from one network to another in […]