News Blockchain-based Voting Carries Risks Of Illegal Interference in Elections

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Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory has concluded that blockchain-powered voting may increase risk of falsification of elections. The cybersecurity team highlighted that blockchain is “unsuitable for political elections for the foreseeable future” comparing with traditionalmethods of balloting — voting in person and mail-in ballots. Some of the concerns that researchers raised were the potential lack of ballot secrecy — traceable on the blockchain — and the lack of auditing in the event of a contested race. “While the current election systems are far from perfect, blockchain would greatly increase the risk of undetectable, nation-scale election failures,” Rivest, an MIT professor and the senior author of the report, said. The researches claim that the main differences usung blockchain in voting versus financial transactions is that financial institutions have some methods to compensate victims for their losses in case of scam. But there is no insurance or recourse against a failure of democratic vote.

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