Building digital democracy with blockchain

November 5, 2016 by
Blockchain development

Our democratic systems of today were designed hundreds of years ago, in a day when notes were drawn up in quill and ink, and then mailed hundreds of miles over horseback to be shared between men. Governing universities expected closed-door bureaux in order to handle and coordinate the massive number of documents required by their agencies. This data module induced sense because it was the most effective alternative afforded to that particular era.

With the advent of the internet, the ability to share information has changed so essentially that it is hardly comparable to the methods used during the eighteenth century. This decisive progression of human rights communications has begun to shape our idea of government as well. E-democracy, also known as digital democracy, is the term drafted to describe the affect that communication technologies are having on democratic governments. Some a few examples of digital democracy are electronic voting and online government services.

However, the framework of governance we use today is still all too similar to the ones use hundreds of years ago. Though information has proceeded from a written substrate to a digital one, and the speed at which datum is shared has increased exponentially, members of the general relationship between the government and the public is the same. Information is stored in centralized databases that citizens can query for datum. A trust relationship between citizenry and the governmental forces exists at the core of this framework, as it did hundreds of years ago. Blockchain technology ultimately introduces the ability to supplant trust in government offices with trust in a protocol based upon the impartiality of mathematics and cryptography. The immediate benefits of using distributed, and not centralized, structures in government are efficiency, soundnes and safety; the long term benefits are a more involved and empowered citizenry.

Blockchain technologies stem from the digital currency bitcoin, which was initially designed to cut out middleman financial institutions( banks and credit corporations) charged with preserving fiscal transaction ledgers. Blockchains natural environment is fiscal, which is why blockchain tech’s largest wallops are within the financial world-wide. The Bank of England has even dubbed blockchain technology to potentially be the” internet of finance .”

Though the majority of new fiscal blockchain programmes are being led for private sector companies enterprises, public sector finance is also beginning to experience ripples of the blockchain revolution. For instance, the U.K. Department for Work and Pensions is trialing blockchain tech for use in tracking and sharing welfare and pensions. Another programme in the Republic of Georgia is piloting a blockchain-based territory registry. Chief executive Valery Vavilov of BitFury, the company heading development projects, explains the concept as an incorruptible yet transparent notary service that would allow for real-time inspections” not formerly per year, but every 10 minutes .”

These precise features given the opportunity to advance the realm of taxes as well, which is why U.K.-based arrangement DigitalCatapult, a catapult center meant to innovate the digital economy, is entertaining debates on specific topics. Moving taxation information and accounting accounts onto a public blockchain structure would inherently furnish” more useful information and more certainty” to everyone with a stake in a commonwealth — not just taxation agencies, but also citizens, business tycoons and government officials alike. By storing a nation’s asset on a public blockchain, real-time data could be used to increase organizational its effectiveness and cut down on squander within big companies( which governments are) where inefficiency and disarray are endemic.

The features which attain blockchain technology improbably prized extend beyond the realm of finances and the tracking of resources. For instance, democratic countries could benefit by using the ability to trail deliveries of value on a public yet incorruptible ledger structure to basically change election processes.

Currently, democratic countries around the globe employ implementations of the secret ballot structure. Despite small-minded nuances of gap in the electoral processes of the world’s diverse democratic countries, the fundamental abstraction is universally the same: voters go to polling stations and cast anonymous paper votes into a ballot box. The polls are afterward counted and added to the final tally of polls from various polling stations around the nation.

Though different forms of electronic voting are used around the world, the functions and results are nearly identical, albeit simply more efficient, than physical vote voting. Ballots go into a black box, and election results come out. The method used has advantages, but it has drawbacks as well. This structure is based on a trust relationship with the third party or government collecting and counting votes, entailing common citizens have absolutely no way to guarantee that their votes were counted correctly, or that no election scam was be carried forward behind the scenes. It’s no wonder voters have little religion in the system and that countries suffer from low voter turnout and a politically apathetic populace.

Blockchain answers for their own problems of centralized elections have been proposed by the Follow My Vote programme, which has designed open generator election software based on blockchain technology. The structure would represent deliveries of value on the blockchain not as currency, but as a voter’s vote. The transparency of the system would not only allow voters to verify that their individual polls were counted correctly, but also allow citizens to conduct an independent” scrutiny[ of] the ballot box” by scanning the blockchain where all polls are cast. The structure would also sport strong security against both external cyber attempts and internal election scam through the immutable and distributed ledger.

Perhaps, someday in the future, our centralized parliaments and representative institutions will be replaced with a abstraction similar to a DAO, so that all citizens with a stake in the commonwealth is likely to be empowered with objectively equal political power. Armed with the power of distributed communication technologies and governed by consensus on a blockchain, our progenies could immediately represent themselves with their own voices in the purest figure of democracy ever attained — a distributed, digital democracy.

Tag:how does the blockchain work, blockchain data structure, how does blockchain work, blockchain news, how blockchain works, blockchain database, blockchain technology, blockchain applications, blockchain explained, blockchain, what is a blockchain, blockchain com, blockchain app, what is the blockchain, sidechain. what is sidechain, sidechain blockchain, blockstream sidechain, what is blockstream

Download IBC Investment Report - Sep'2017

IBC achieved an unprecendented 82% signal accuracy. 
Download
Lets learn this amazing technology with us!
Subscribe To Our Newsletter
Be the first to get latest updates and
exclusive content straight to your email inbox.
Yes, I want to receive updates
No Thanks!
close-link
Join Us
AND GET OUR LATEST CONTENT IN YOUR INBOX

SUBSCRIBE 
Your information will never be shared

Stay Connected With Us!

Get email Cryptocurrency And Blockchain News delivered straight to your inbox!

Lets learn this amazing technology with us.
SUBSCRIBE
close-link

Download IBC Investment Report - Sep'2017

IBC achieved an unprecendented 82% signal accuracy. 
Download
close-link

Pin It on Pinterest

Share This