Blockchain and Disruptive Potential in Voting Industry
The blockchain technology has been gaining popularity in different industries. It is becoming so popular and disruptive innovation as can guarantee more trust, transparency, secure and anonymity, which is engine for modern world, where, unfortunately, a lot of deception, fraud and manipulation exist. What makes it so rapidly growing industry and perfect applying for voting or decision making? This technology is like distributed ledger that contains blocks in a linear chain. Blocks consist of data that can`t be changed or tampered and are cryptographically hashed. An additional visualization of how blockchain works is provided on Picture 1 (followmyvote.com). A Senior Vice President, Arvind Krishna of the largest industrial research organization in the world, IBM Research that is focused on amendment in security and nimbleness generally in the world arranged by blockchain technology, is saying that “Over the past two decades, the Internet has revolutionized many aspects of business and society–making individuals and organizations more productive. Yet the basic mechanics of how people and organizations execute transactions with one another have not been updated for the 21st century. Blockchain could bring to those processes the openness and efficiency we have come to expect in the Internet Era”. Currently organization is trying to increase the awareness and concern in different areas of this revolutionary technology by IBM Blockchain project.