Research Shows Four Main Reasons Why Blockchain Can’t Help Election Process

October 19, 2018, researchers from The Initiative for Cryptocurrencies and Contracts (IC3), based out of Jacobs Technion-Cornell Institute at Cornell Tech in NYC, and comprised of faculty members from Cornell University, Cornell Tech, EPFL, ETH Zurich, UC Berkeley, University College London, UIUC and the Technion, recently published a report concerning blockchain lack of ability to guarantee security and transparency governing an entire electoral process. The report actually makes that claim that blockchain could inhibit if not disrupt issues challenging the electoral process.

The IC3 researchers who published the report,  Ari Juels, Ittay Eyal and Oded told Business Insider that there are four main concerns about introducing blockchain technology in to the election process.

The first and the second are relatively easy to see, as they concern the system being reliant on an internet and digital system. The first being that technology can fail, and be manipulated. The second is that internet blackouts could stop voters from being able to access the systems.

The third issue is that the voting system on the blockchain is dependant on other computer devices and while the ledger is immutable, the devices joining a chain can be manipulated beforehand. There are also stipulations that developers are not to make their code public, leaving them without a third-party oversight for security.

The fourth and final issue addressed by the IC3, is that safeguards in place concerning voter fraud through bribes will become much more accessible due to people being bribed with anonymous cryptocurrency .