On the time of writing, the U.S. 2020 election nonetheless hangs on a knife-edge, with both candidate nonetheless within the working to win.
In response to the BBC, Biden is forward, however counting in Georgia, North Carolina, Pennsylvania, Arizona, Nevada, and Alaska has but to shut.
“Mr Biden has 243 Electoral School votes, giving him the sting within the race to build up the 270 wanted to win the White Home. Mr Trump has 214.”
Because it stands, Trump nonetheless has a combating likelihood to retain his presidency for a second time period.
However, regardless of the on-going rely in a number of states, each events have already set in movement authorized challenges. That means, the ultimate end result will likely be contested regardless of who’s the declared winner.
With that, flaws within the present voting system are coming to mild. Some would argue that blockchain-based voting methods supply an answer. The query is, are individuals prepared for it?
The issue with our scenario proper now could be we’ve an election counting system from the 18th century however a communication system from the twenty first century.
— Aaron Levie (@levie) November 5, 2020
Blockchain-Based mostly Voting Would Put an Finish to Contested Elections
The primary qualities of a blockchain-based voting system, specifically transparency and tamper resistance, mesh nicely with what a voting system ought to be.
All the identical, precise situations of blockchain voting are skinny on the bottom. In response to the Blockchain Council, Sierra Leone was the primary nation to take action, whereas Russia ran a pilot for the Moscow Metropolis Election Fee.
The explanation why blockchain voting hasn’t caught on are quite a few. However maybe the most important stumbling block comes all the way down to fears of huge scale fraud or hacking.
Nonetheless, primarily based on the probability of a authorized problem to the U.S. election end result, the necessity for change has by no means been clearer.
Charles Hoskinson Shares His Ideas
IOHK CEO Charles Hoskison chimed in on the matter, saying the present voting system is in want of an overhaul.
“My key takeaway is, no matter the place you sit politically, I believe we are able to all agree on one thing, our voting system sucks. Completely sucks, each dimension and side of the system is fairly f*cked up. From how we rely votes to how we subject votes, the truth that we knew we have been strolling into authorized challenges months in the past and it was utterly unavoidable.”
Hoskinson laid out the implications of a damaged system by saying the federal government has no legitimacy if there are query marks over the election course of.
What’s extra, the U.S. two-party system suppresses various views. Hoskinson believes a preferential voting system would encourage various politics.
“That’s the place you say, okay, as an alternative of voting for one candidate for one race, what you do is get them organized. Which is your most favourite, which is your second most favourite, your third most favourite, and so forth, This one change would dramatically enhance the extent of poll participation and amount of third get together candidates getting significant percentages of votes.”
All of those issues want fixing. What’s ironic is the know-how to repair this exists now. Hoskinson factors out that the Cardano chain presents end-to-end verifiability, id authentication, and on-line election voting.
“That is one thing we as a nation have to maneuver in direction of. It’s about time we transfer past this. And the methods we construct are far, far safer than the legacy voting methods that exist.”
Regardless of the on-going political uncertainty, the primary cryptocurrency, Bitcoin, seems unphased. This can be a optimistic signal for the crypto business as an entire.
Right now, Bitcoin is up 7% to $ 14.6k.
Supply: BTCISDT on TradingView.com