Powerful Cryptocurrency in Blockchain Voting System


Not many people know how voting takes place in the blockchain.  It all starts from a public or a private blockchain. The first concern is related to the user’s privacy. A blockchain should hide the voter’s cast. This process is achievable by using zero-knowledge proofs or encryption methods.

Secondly, each citizen must register and prove their identity. The voter needs to have a unique identification ID. Voters can submit a passport or biometrics like a fingerprint. After that, the identity is recorded on the blockchain associated with that user’s private key and public key.
Instead of a ballot box to cast a vote, a voting token and a smart contract can be used. Each token once sent to the user’s account would have a time limit defined by the smart contract.
All candidates would receive an address. Then citizens can use their token to vote by sending it to the candidate’s address. By following these simple rules, this system can easily count each vote.
The most interesting thing is fact on blockchain everything is immutable and verifiable. None would be able to vote twice or delete votes.
Online voting could be as an alternative to paper ballots or electronic voting machines - has been suggested as a way to not only boost the number of active voters, but possibly even address election security and integrity issues. Might blockchain, a technology that continues to draw attention from technology and business leaders alike, hold the key to making internet voting widespread around the world?
The race for fast delivery of democracy has encouraged numerous countries to turn to internet voting, using secure, scalable, and reliable blockchain voting platform and more countries are testing out blockchain voting.
Switzerland for example recently tested out blockchain voting technology especially because it promised to deliver a faster and easier voting process.  Luxoft, Luzern’s Blockchain Lab and the city of Zug recently released a joint report revealing positive results of an e-voting exercise that took place in Zug.
Who knows maybe XcelToken as a blockchain Utility Token based on the ERC20 Ethereum protocol will helps not only hotels, restaurants and marketing partners earn while participating, but could be used in voting system too. Stay tuned for more news!
At the moment you can use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

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