Page 36 - Banking Finance July 2021

ARTICLE

What is E-Voting Electronic voting technology comprises of punched cards,
optical scan voting systems and specialized voting kiosks
(including self-contained direct-recording electronic voting
systems, or DRE). It can also include transmission of ballots
and votes via telephones, private computer networks, or the
Internet.

E-voting can be classified into two types:
Y E-voting with human intervention which is physically
supervised by officials of governmental or independent
electoral authorities (e.g. electronic voting machines
located at polling stations);
Y Internet Banking based remote e-voting (also called i-
voting) where the voter submits his or her vote
electronically to the election authorities, from any
location.

Electronic Voting system using
Blockchain

Blockchain
Blockchain is a digital platform for digital assets. It consists
of a continuously growing list of records known as blocks that
are linked and secured using cryptography. Major usage of
Blockchain has been in all cryptocurrency transactions,
mainly Bitcoin. However, they are increasingly being used
Electronic voting (also known as e-voting) is a process to in several other applications because of their inherent
exercise franchise by using electronic means to either aid resistance to modification to the transaction/block/whole
or take care of casting and counting votes. distributed ledger - Blockchain. One such application is
Electronic Voting. We will review some of the variety of
Depending on the particular implementation, e-voting may blockchain technologies that are usable, scalable, and secure
be referred to as using standalone electronic voting to fit for Electronic Voting Application.
machines (also called EVMs) or computers connected to the
Internet. It may encircle a range of Internet services, from
basic transmission of tabulated results to full-function online
voting through common connectable household devices. The
degree of automation may be confined to marking a paper
ballot, or may be a comprehensive system of vote input, vote
recording, data encryption and transmission to servers, and
consolidation and tabulation of election results.

A worthy e-voting system must perform most of these tasks
while adhering to a set of standards established by
regulatory bodies, and must also be competent enough to Blockchain
deal successfully with basic requirements related to
information security, data accuracy, data integrity, data A blockchain contains distributed ledger, digitized and
privacy, adoptability. consensus-based secure information storage mechanism.

36 | 2021 | JULY | BANKING FINANCE