VoteChain: A great revolution in voting
March 02, 2021 at 23:18 PM EST
VoteChain aims to improve the entire voting system and make it extremely transparent through blockchain technology.
London, United Kingdom Mar 2, 2021 (Issuewire.com) - Democratic voting is a crucial and serious event in any country. The most common way in which a country votes is through a paper-based system, but is it not time to bring voting into the 21st century of modern technology? Digital voting is the use of electronic devices, such as voting machines or an internet browser, to cast votes. These are sometimes referred to as e-voting when voting using a machine in a polling station, and i-voting when using a web browser. Security of digital voting is always the biggest concern when considering to implement a digital voting system. One way the security issues can be potentially solved is through the use of blockchain technology. There are already companies working to bring blockchain to the voting populace. One such firm is Votechain, an independent standards body based in London that oversees and supervises the development of VoteChain - a decentralized public blockchain. The core focus of VoteChain is to accelerate the adoption of VoteChain and to empower integration and execution, allowing for rapid track value creation for inclusive and equitable growth - for both the few and many people.
It's not only financial transactions that work with blockchain, but any type of data transmission. Blockchain can solve the many problems discovered in these early attempts at online voting. This kind of system infrastructure is extremely useful for voting because a vote is a small piece of high-value data. A blockchain-based voting application does not concern itself with the security of its Internet connection, because any hacker with access to the terminal will not be able to affect other nodes. Voters can effectively submit their vote without revealing their identity or political preferences to the public. Officials can count votes with absolute certainty, knowing that each ID can be attributed to one vote, no fakes can be created, and that tampering is impossible.
Bringing Elections into the 21st Century
Votechain 's secure digital ballot box represents a cost-effective and smart solution to the problems inherent in today's voting procedures. VoteChain's core value is Shard Chain technology. Sharding will break down status information from VBSC tokens into 'shard' to convert into NFT-token votes. This will achieve the goal of scalability and improved network speed during the voting and voting process to cast their votes from a mobile phone or PC. There can be no manipulation, recording errors, or tampering. More than voting, however, this system aims to solve the problem by providing digital cryptography with the right features, which can improve the entire voting system and make it extremely transparent. It can also simplify polls, surveys and campaign sponsorship activities and create a flexible and easy-to-follow process.
Online polls and surveys face a huge challenge, any programmer with expertise can find a way to change them, even with a combination of technical hurdles like captcha verification, verification checking the IP address and cookies, it is practically impossible to avoid fake votes.
VoteChain has solved this problem, when using VoteChain for an online poll or survey, all participating users are asked to pass some value of the token that the Smart Chain is included to present. express their opinion on this online poll or survey. With VoteChain's blockchain technology, fraud is impossible. It will also encourage participation. The company has completed the fundraising part of 1 million $$$ and is expected to open for sale Public sale on March 10, 2021.
VoteChain has built a multi-layered architecture based on blockchain technology, namely ERC20, TRC20 and Binance Smart Chain (BSC) with many improvements developed by our team. The ERC20 platform has stable performance, popular around the world, recently upgraded to ETH 2.0, Beacon Chain. TRC20 platform with its advantages is stable, fast and very low transaction fees. The new Binance smart chain was launched by Binance in September 2020. Three key platforms open the mission of spreading elections, safe voting, and transparency around the world. In addition, VoteChain also has plans to expand to other platforms in the future.
An implemented system, Votechain, provides a secure and private e-voting system that is also easily accessible. Votechain is a global scale voting system that utilizes smart contracts in Ethereum (ERC20), Binance Smart Chain (BSC) Encryption to achieve goals. The Votechain system also allows for different types of ballots: users have the freedom to create polls or elections as well as have the option to choose who can vote on their ballot. Votechain provides voter privacy on all their ballots by encrypting every vote. To maintain data integrity, all ballot and voting data is publicly available as part of the smart contracts or blockchain in our system. Congruent to the goals of smart cities, this implementation of a blockchain-based voting system further integrates technology into the daily lives of individuals.
Votechain Finance Limited
2 Kingdom Street, London W2 6BD
Source :Votechain Finance Limited
This article was originally published by IssueWire. Read the original article here.