How Blockchain Can Improve Democratic Elections

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If you can “vote” for Bitcoin on the blockchain, why not vote for leaders, worldwide?

Blockchain technology is reshaping the world before our eyes at an exhilarating pace. Many people are familiar with blockchain through Bitcoin, the world’s first cryptocurrency. However, the power of Bitcoin comes from the underlying technologies of advanced cryptography and decentralized data storage. The combination of decentralization and cryptography enables data to be securely stored, transparent, and permanent. The combination of these features is seemingly perfect for many industries to the extent that governments and corporations around the world are investing billions of dollars with projections of $2.1 Billion in 2018 alone.

One of the earliest brass rings to be identified was to establish a system of fair voting. Given the virtues of the right to vote, it is essential that every measure is taken to ensure that votes are cast without coercion, are recorded accurately, and counted fairly. Many people remember the disaster of the “hanging chad” that marred the 2000 US presidential election and resulted in litigation before the Florida Supreme Court. Paper voting systems are being phased out to be replaced with electronic voting systems. Many of which present a variety of new hurdles.

With new technology comes new problems. Independent studies have revealed serious vulnerabilities that can be exploited by hackers to manipulate voting data. In fact at DefCon, a hacking conference, a revelation demonstrated that with hackers can invade practically every machine with alarming ease.

Enter Agora, a Swiss foundation focused on digital solutions for voting. In March, Agora was permitted to be an independent observer by Sierra Leone’s National Electoral Commission (NEC) to test their blockchain technology. While Agora didn’t provide the capability for each vote to be recorded initially on a blockchain, voting results were handed off from the NEC to Agora to be displayed publicly. A statement by Agora mentioned that the goal was to demonstrate their capabilities and serve as a foundation for future cooperation with the NEC.

Today the blockchains of Bitcoin and Ethereum record votes relating to each transaction in real-time. This fact enables a future voting system where the electoral process is transparent and void of disputes. This goal of making a better world through increased empowerment and lessened corruption is in alignment with many leaders in the blockchain world. It’s just this one guy’s opinion that since the world is moving to smart phones where you can easily purchase Bitcoin, being able to vote on your phone is a natural progression. With increased access and ease of voting, more voices will be heard which is how things “should be”.

It’s been fascinating to learn about this. To read more from some of the (unaffiliated to SALT) sources I’ve been reading lately, please visit: https://goo.gl/Nmnasyhttps://goo.gl/jkQw6B, and https://goo.gl/zsoaUh

Written by Sten Wie, PhD — SALT Customer Experience

SALT is Now Natively Supported on KeepKey Hardware Wallets

 

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SALT is a big fan of the KeepKey hardware wallet, and when we released our SALT-branded versions a couple of months ago, they sold out in minutes. 

With a recent firmware update and the updated production client available on the Chrome store, KeepKey now natively supports SALT ERC-20 digital assets, which means that it’s now even easier to send SALT onto your account, receive it from your account or exchange up to 30 other tokens or supported cryptocurrencies to purchase memberships with our blockchain-backed loan platform.

This integration should prove to be simpler for users, who may be using digital wallets that are less intuitive, this integration simplifies things for users of one of the world’s leading cryptocurrency hardware wallets.

Ken Hodler, CTO of KeepKey said about this integration — “We couldn’t be more excited about natively supporting thirty ERC-20 digital assets, including SALT, our first-ever white-label partner. Users can securely send and receive SALT Memberships directly on their SALT branded KeepKey. Any user not holding SALT can easily use our ShapeShift integration to convert their current digital assets into SALT. We are elated to have this partnership with SALT, an innovative and industry leading lending company.”

We will be releasing additional information on Medium over the coming weeks, and if you want to stay up to date with all things SALT, our website offers the ability to contact the SALT Team directly for any questions or concerns. Also, you can engage with us via social media by following us on Twitter @SaltLending, visit our SALT Lending Facebook page, or subscribe to our YouTube channel. You can also join our decentralized community partners by participating in SALT’s Telegram and Discord channels, as well as our main subreddit.