- Charles Hoskinson states that Cardano blockchain is capable of hosting fair elections on its blockchain.
- The upcoming elections have already created an immense hype.
- Despite his aim to host voting on Cardano blockchain, decentralized voting is comparatively a hard task.
The founder of Cardano and co-founder of Ethereum aims to achieve blockchain voting on the Cardano network. He believes that his network can provide a solution that will make it possible even down to national voting processes. According to Charles Hoskinson, they have been building an infrastructure that’ll make it happen.
Even though Charles Hoskinson is positive that such a possibility can become real. He still admits that achieving such a feat will not be an easy task. The mathematician discloses that to ensure the efficiency of such a solution. The developers will carry out numerous experiments before launching.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
According to Hoskinson, the network may first be open to third-parties to conduct their primaries before the state, municipal, and eventually for national elections.
Cardano blockchain hosting next elections
In his statements, the founder of Cardano states that in a span of 3 to 5 years, after testing the solution on different levels of electoral processes, they can withdraw it and sell it to the government.
He asserts that this blockchain voting solution will be very suitable for countries that face a lot of legacy issues. Thus his company can sell the solution to the government of Georgia and Ethiopia that are always looking for innovative voting systems for their elections.
Charles Hoskinson further points out that IOHK built a team in Lancaster England that publishes different e-voting research. The founder of Cardano, however, admits that building such a system will be very complicated. As per Hoskinson, a voting system on the blockchain will require lots of cryptographic overhead.
In his explanation, Hoskinson states that an election that doesn’t prioritize the voter’s privacy. Although it only focuses on counting votes will be easier to achieve even if you have a billion people to count.
However, when it comes to an election that prioritizes the privacy of the voters. This may sound like a verification, plus a paper ballot to back up the votes. It will not be easy to achieve a lot more without a strong system in place. That’s why Charles Hoskinson is sure that achieving blockchain-based voting will be tasking.