{"id":105289,"date":"2020-11-05T08:31:49","date_gmt":"2020-11-05T05:31:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cz-and-vitalik-agree-blockchain-based-voting-is-a-must\/"},"modified":"2020-11-05T08:31:49","modified_gmt":"2020-11-05T05:31:49","slug":"cz-and-vitalik-agree-blockchain-based-voting-is-a-must","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cz-and-vitalik-agree-blockchain-based-voting-is-a-must\/","title":{"rendered":"# CZ and Vitalik agree blockchain based voting is a must"},"content":{"rendered":"

“# CZ and Vitalik agree blockchain based voting is a must <\/strong>”
\n<\/p>\n

Binance\u2019s chief executive CZ and Ethereum\u2019s co-founder Vitalik Buterin are in furious agreement that a new blockchain-based voting system is required to improve democratic processes in the United States. But one won’t be as easy to implement as many think.<\/p>\n

Responding to prolonged uncertainty over the result of the controversial 2020 U.S. presidential election, CZ tweeted<\/a> thnow is the right time for developers to build \u201ca blockchain based mobile voting app<\/a>.\u201d <\/p>\n

Binance\u2019s CEO argued that such a voting system would reduce the time taken to confirm the outcome of an election, enhance voters\u2019 privacy, and eliminate questions surrounding the validity of results.<\/p>\n

CZ urged urged<\/a> developers to begin working on such a system:<\/p>\n

\u201cDevelop something now, get it approved (obviously hardest step), and get 300 million plus (fully KYC’ed) users in 4 years time. Any capable developer should be willing to do it \u2018for free\u2019.\u201d<\/p><\/blockquote>\n

Buterin shared the post, although he added<\/a> that it isn\u2019t going to be an easy task:<\/p>\n

\u201cThe technical challenges with making a secure cryptographic voting system are significant (and often underestimated), but IMO this is directionally 100% correct.\u201d<\/p><\/blockquote>\n

He clarified that a cryptographic approach doesn\u2019t necessarily mean a blockchain approach, although he explained it could be used to \u201cmaximize anti-censorship guarantees.\u201d <\/p>\n

While such systems can resolve the question of \u201cwas every vote counted\u201d they aren\u2019t yet able to solve the problem of determining whether the votes were valid in the first place.<\/p>\n

Ultimately, Buterin said<\/a>, it shouldn\u2019t be hard to improve on the current system:<\/p>\n

\n

Beating 73% accuracy is not hard.https:\/\/t.co\/zt9bn1IBQZ<\/a><\/p>\n

\u2014 vitalik.eth (@VitalikButerin) November 5, 2020<\/a><\/p><\/blockquote>\n

Cardano founder Charles Hoskinson also believes blockchain voting is the right path to travel<\/a>, last week suggesting that Cardano had been \u201cbuilding the infrastructure\u201d for this specific use-case.<\/p>\n

Not everyone is on board. The CEO and founder of MyCrypto Taylor Monahan countered<\/a> that with the number of security issues facing current blockchain and cryptocurrency networks, the community is not ready for \u201cblockchain democracy.” <\/p>\n

She argued that, \u201cWe cannot come close to securing fake internet money that tech geeks play with and manipulate for fun,\u201d citing<\/a> initial coin offerings (ICOs), scams, ponzi\u2019s, hacks, and insecure smart contracts among the current hurdles:<\/p>\n

\u201cIt’s not [because] people want money. It’s because people want power. Money = power. Votes = power.\u201d<\/p><\/blockquote>\n

Last week, Overstock chief Jonathon Johnson said that Voatz, the voting app backed by Overstock\u2019s subsidiary Medici Ventures, could have solved the problems facing the current election during an earnings call on Oct 29. <\/p>\n

However, Voatz has been criticized for exhibiting security vulnerabilities, with MIT security researchers condemning the app\u2019s cybersecurity safeguards earlier this year.<\/p>\n

Last month, Russia appeared to have successfully used a blockchain-based voting system built on Waves, recording almost 300,000 votes.<\/p>\n<\/div>\n