In this blog, we will examine how a blockchain and smart contract powered decentralized e-voting framework, in comparison to the current voting system, provides efficient service to voters by offering transparency and versatility. Owing to problems such as vote tampering, vote phishing, and the infiltration of polling stations, existing voting mechanisms are faulty. By introducing voting authentication using biometric, dynamic polling loading, and validation after casting a vote with the aid of Blockchain smart contract solutions, we figure out how to solve the constraints of the current e-voting system.
Blockchain is one of the modern era’s increasing developments that ensures the overall flexibility of e-casting a ballot. We would study a blockchain system that turns the established political process mechanism into an automated security model with improved security.
Blockchain Technology
Blockchain is one of the new technologies that enable applications to accomplish resilient authentication strategies with solid cryptographic frameworks. Essentially, it is a distributed database that holds a complete set of data records that are continuously increasing. It protects them from illegal alteration, modification, and update.
Users can access the network, start sending transactions to it, validate transactions, and build new blocks with Blockchain. A cryptographic hash gets allocated to each block. It remains acceptable as long as the documents are not modified. The cryptographic hash, if anyone changes information within a block, can show that it may be due to malicious activity. Blockchain has since been widely used to prevent illegal transfers across diverse environments because of its solid roots in cryptography.
Decentralized E-Voting System Developed with Blockchain
We discuss a theoretical decentralized e-voting model built with blockchain technology to administer the election in this section. We back a proposal to incorporate blockchain technology with state-of-the-art e-balloting technology. The following are the modules involved in the design.
Validation of stakeholders through Biometric
In this module, at the Voter Registration stage of the election process, voter information such as name, gender, address, and biometric is obtained, using which voters get validated before voting.
Ballot Configuration Dynamically
This module, based on the location of residence, loads voters and participants onto the ballot. Then, an elector has to pick his or her preferred participant. Thus, the elector does not need to drive to their home to exercise their right to vote in a polling booth nearby. To achieve ballot secrecy, no outside investigator can decide on which an elector voted.
Vote Validation after Voting
After making a transaction, a transaction ID gets created on the blockchain network. A transaction ID is created for each transaction when voters cast their votes on the blockchain network. It is provided to the user as an identification using which electors can validate their vote.
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An entrepreneur with an idea to set up own MLM business, Tron smart contract MLM like Ezytrx gives a great platform to build your own Smart contract based MLM similar to it.At times, many MLM businesses arose in the market to capture many investors worldwide.
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Nowadays, Tron smart contract MLM is the most desired one to start up their MLM business.Though Tron smart contract came in to the field after many years of Ethereum smart contract, Tron has placed its own position as one of the tenth biggest cryptocurrencies in the market due to its advantageous features.
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However, Blockchain advancements are not limited only to finance.
Blockchain developers have recently come up with a new Blockchain technology that is actively conquering the market and has already become highly popular among many businesses – Smart Contracts.Smart Contracts are a disrupting technology for legal institutions.
It allows businesses to exclude third parties from the creation of agreements and improve their inner paper flows.
In this article, we’ll look into what Smart Contracts are, their benefits, and how companies are already applying this technology for their successful development.Smart Contracts ChallengesThe Externado University Civil Law Department organized a talk to answer questions on smart contracts and the Blockchain.Until now, contracts have been verbal or written documents subject to review by notaries, making them more expensive, just by the fact of having to go to a Notary Office and paying the corresponding document fee.This type of contract is not accessible to all and can be subject to interpretation.
In search of a solution to the problems posed by this model, smart contracts were created.Intelligent or electronic contracts are those exclusively accomplished through any digital medium when it has or can have, a real and direct impact on a specific agreement between two or more parties.The above definition was offered by Dr. Wilson Furtado, an expert in Information Society Law, guest speaker at the talk organized by the Externado de Colombia University Civil Law Department.Smart contracts were proposed over two decades ago by American cryptographer Nick Szabo.
Today, with the blockchain development company of Blockchain technology, the concept is resurfacing and becoming a reality.According to Furtado, the key to these contracts is they can be self-executing and self-enforcing; that is, not requiring an external mechanism, as required on verbal and written contracts.
