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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Foundation Announces Test Its On-Blockchain Voting System

Yashu Gola
Yashu Gola
4 years ago
2 mins read

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The Bitcoin Foundation today announced to test its upcoming on-blockchain voting system on crowdfunding platform Swarm.

Bitcoin Foundation Logo

As stated in the organization’s latest blog, the aim of this project is to bring “greater transparency not the voting process”, where every vote is recorded under a secure, cryptographic hash. The foundation however ignored to elaborate the insights of this project — explaining how different it is from the other decentralized voting platforms like BitCongress.

Though a theoretically astound concept, the Bitcoin Foundation’s voting system project still has taken a long route to implementation. BitCongress, as we mentioned above, already provides a range of blockchain-based features, one of that is creating elections or legislations or candidates. The Bitcoin Foundation’s Executive Director Patrick Murck however described their on-blockchain voting system project as an “important new avenue of innovation”, while adding nothing about the previous works done on the same concept.

Or is there definitely something innovative?

Comment Period Active

The Bitcoin Foundation meanwhile invited its members to participate in the project’s beta stage. It however also warned them of a ‘not-so-seamless’ experience. Murck, in his additional comments, humbly also supported the prediction.

“While we may not have the smoothest experience in this experimental launch,” he stated, “it’s important for us to push the boundaries and spark innovation — even if things get a little messy sometimes.”

In case the technical issues intensify during the votes, the Bitcoin Foundation will switch back to use Helio, its previous voting system.

The Digital Democracy in Past

The political lobbies have openly supported the blockchain-based voting idea in past. Last year, a Danish political party voted through Bitcoin blockchain in an internal election. In their perception, the blockchain removed the need of trust for them. In the same year, an avid Bitcoin supporting Republican Andrew Hemingway also proposed to integrated blockchain technology into New Hampshire’s voting system.

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Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

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Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

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Comments 1

  1. Verne says:
    10 years ago

    The NuBits network already has on-blockchain voting with motions and custodial grants. Bitcoin is just catching up.

    Reply

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  1. Verne says:
    10 years ago

    The NuBits network already has on-blockchain voting with motions and custodial grants. Bitcoin is just catching up.

    Reply

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