There are various different types of blockchain and voting systems. Some of them include Cardinal Electoral Systems, Single Owner Chains, Majority Voting, and more. Let’s look at each type of system and their limitations.
Majority voting
The need for secure voting processes is increasing in the US and other parts of the world. Nation-state rivals have shown their willingness to interfere in the election process. In addition to these threats, online elections invite global competition and cyber attacks.
Using blockchain technology in voting systems could reduce or eliminate many of these risks. It could also help to create a more secure and verifiable election system. Nevertheless, the industry has not yet evaluated all the potential edge cases of this technology.
One of the main concerns about online voting is that it invites hackers and political partisans. They could use malware to silently discard ballots and enable vote buying. Malware can also send voter information to third parties. This could result in retaliation or coercion.
Cardinal electoral systems
If you are looking for the best way to make your vote count, consider a modern incarnation of the old fashioned ballot box. For that matter, do your homework before you cast your vote, or at least your vote of confidence. The results may be skewed by political leanings, idiosyncratic voter turnout or simply a lack of interest in civic engagement. Nevertheless, the above average citizens deserve a fair shake and a fair chance to have their voice heard. Keeping the electornics in line is not an easy task. Thankfully, the modern voting technology is a savvy and well-researched by a few of our eminently competent team members.
Single-owner chain
If you are interested in the idea of a single-owner chain in your voting system, you have to consider a few factors. One of them is the lack of security in this type of voting system.
A malicious insider could manipulate the contents of the blockchain. They could also alter votes before they are transmitted. This can lead to pre-counting or vote buying. The malware could even send voter information to third parties.
An attacker who gains enough control over the servers would be able to completely control the outcome of the election. This could include sending voter information to third parties and silently discarding ballots.
Limitations
Many people are wondering how secure a blockchain-based voting system can be. These systems are decentralized and allow for efficient verification of votes. However, they can be attacked and manipulated remotely. This poses a number of potential security risks, as well as privacy concerns.
One of the key limitations of a blockchain-based voting system is that it relies on network infrastructure that is vulnerable to attack. If an attacker gains control of several servers, he can sway the election in his favor.
Another weakness is that a single vote system failure will spread to all the other systems on the network. In other words, even if all of the nodes are functioning properly, one server could be compromised, which would bring the whole system down.
Financial sector
With the advent of the blockchain technology, voting systems can become more secure. This is because this technology provides strong security guarantees. It also helps in preventing the loss of personal ID records.
For example, a voting system that uses the blockchain can verify the accuracy of votes. There is no way for a hacker to alter or delete data in the network. Even though this might not be possible in all scenarios, it is a good idea to ensure that a voting system is secured.
Another advantage is that the blockchain is an open platform. Users can use this technology to create any type of cryptocurrency.
Medical industry
It is said that blockchain has made a splash in many industries, but one that may surprise you is the medical field. While there are some pitfalls, it is possible to streamline medical records through the use of blockchain technology. As with any new technology, you should be cautious and follow industry standards.
In the case of medical data, you don’t want to get stuck in the middle with malware and viruses that could jeopardize patient health or financial security. One way to minimize the risks is to utilize a secure and encrypted network. If you are on the market for a new medical records management system, it might be a good idea to check out the offerings of Horizon State, a leading edge company that has just launched a novel solution to the problem.