Page 37 - Banking Finance July 2021

ARTICLE

This article is focused on the up-to-date state of blockchain- encourages governments to ensure smart sustainable voting
based voting research along with associated possible systems and adopt sustainability information in to voting
challenges while aiming to forecast future directions.Major systems. It is important to underline that although
players in the development of blockchain system are blockchain is increasingly being applied to the electronic
symmetrical and asymmetrical cryptography improvements. voting system to enhance its security, several issues still
Blockchain-supported voting systems provides different prevail.In this respect, determining which issues are to be
solutions than traditional e-voting. The main prevailing addressed in the design of a blockchain-based voting system
issues are classified into the five following categories: is crucial.
general, integrity, coin-based, privacy and consensus.Based
on the researches it was found that blockchain systems can The main aspects of Block technology based e-voting are :
provide solutions to certain problems that prevail in current identifying a set ofcurrent e-voting system gaps; potentials
election systems. From the point of view ofgovernment, of the blockchain concept to improve e-voting systems
electronic voting systems may increase both voter turnout through a classification of the main prevailing issues into five
and voter confidence and renew interest in the voting categories: general, integrity, coin-based, privacyand
system. Amplified research demonstrates that implementing consensus; assessing current solutions for blockchain-based
e-voting systems can enhance security. While adopting an e-voting and identifying potential research directions for the
electronic voting system, one must ask: blockchain-based e-voting system.

Why is the electronic voting system considered The VotingProcess in Block-Chain Based
as a better option than a traditional ballot E-Voting
voting paper?
Multi-chain
It not only improves the effectiveness and efficiency of
Blockchain is the backbone of the electronic voting system.
democracy, but it is expected to be a solution for some
We have used multi-chain in demonstrating voting
problematic situations, such as improving accessibility to the
application. Once TTP (Trusted Third Party) authorizes voters
election, the elderly and the disabled ability to vote,
increase in election turnout, as well as being easy to operate to vote, the voter can choose whom he wants to vote for
and getting a quick result. within his constituency. Each vote is conceptually equivalent
to the asset in multi-chain and the transaction happens
However, it is a well-known fact that operating e-voting between voter and candidate. By restricting the multi-chain
system sunder strict security procedures are crucial, asset to a process maximum of one transaction between
especially when relying on the utilization of advanced parties, the system is capable of restricting either multiple
encryption techniques.Initially, e-voting was proposed to be votes sent to the same candidate or voting for multiple
a solution to the challenges of paper-based voting to ensure contenders.
accurate and bias-free elections. Security issues with respect
to e-voting systems have been among the topics that is
extensively studied. The studies show that the utilization of
electronic voting may entail the following challenges: data
integrity, reliability, transparency, the secrecy of the ballot,
consequences of breakdown, uneducated voters, knowledge
in IT.

Blockchain recently has emerged as a solution to build
confidence systems used in different domains.. However,
other usage and applications have emerged in the last few
years. Blockchain-enabled voting systems emerged as the
latest next generation electronic voting systems because the
unchangeable feature of the blockchain has made it a
decentralized distributed ballot box. Blockchain technology

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