Blockchain technology could significantly improve voting systems | Finance and Markets

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Blockchain technology could significantly improve and make voting systems more secure across Europe. This opinion was expressed by the EU Energy Commissioner and European Commission Vice-President (EC) Maros Sefcovic at a technology conference in Bratislava.

“Blockchain will improve the protection of voting systems, curtailing opportunities for external intervention and making mistakes”, said he.

His comment appears against a background of multiple criticisms of digital voting systems that continue to be the target of hackers. According to some experts, traditional voting systems can easily fall victim to cyber attacks.

The most serious problem in developing and enforcing new technologies in voting is that they are not thoroughly tested.

Earlier this year, at a global hacker conference in Las Vegas, an 11-year-old boy managed to penetrate an imitation of Florida’s vote site and to change the voting results in less than 10 minutes.

With the implementation of blockchain technology, such systems will now be able to react immediately to such attacks.

Blockchain plays the role of an open register with a decentralized input of many participants, tracking every transaction that finds a place in a crypto-currency. Each change in this register affects all participants.

In Europe, the development of a multilateral blockchain infrastructure lags behind China and the US, but efforts are still being made to reduce their advantage.

Bruno Alves, a political advisor to the European Commission, said at a conference in Bratislava that blockchain is a technology that can build trust in digital public services.