How Blockchain Technology Will Disrupt Elections And Empower Individuals

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As unprecedented charges of rigging have loomed over the U.S. presidential election, much attention has focused on the capability of blockchain technology to make voting more transparent. Joseph Lubin, the founder of ConsenSys and the co-founder of Ethereum, observed in an article in Futurism that decentralizing technologies have important implications for not only improving elections, but in empowering individuals overall. In addition to charges of rigging, this year’s U.S. election featured the emergence of foreign and non-state actors wielding the power to influence the election’s outcome. Decentralized actors form Wikileaks to Anonymous have exerted influence over the race. A foreign controller of a big botnet can create major confusion which can affect events from a distance, Lubin noted. Where the United States has historically sought to police the world, the world has since become capable of exerting checks and balances on the U.S. political system. Chinese and Russian hacks, meanwhile, are exerting information-based influence on foreign shores. Stuxnet and similar cyber weapons have delivered millions of dollars’ worth of damage. Blockchain technology’s decentralizing power will deliver tools that can not only disrupt existing systems, but also provide solutions to enable more transparent, predictable and fairer outcomes. Governance Through Code When organizations …