Russian Presidential Elections To Be Held Using Blockchain Technology

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One of the biggest obstacles blockchain technology has to over come may very well be convincing governments of its usefulness in the election process.

VTSIOM, Russia’s state-run public opinion research center, has decided to use blockchain technology to collect data from exit polls in Russia’s upcoming presidential elections. This process will make it one of the first instances where blockchain has been applied in presidential elections.

 

“Our project provides for storage of the data that we receive during exit polls at polling stations in a special blockchain bank. This will prevent any external changes to the information, decrease the effectiveness of hacker attacks and ensure the transparency of the data collection and aggregation,” VTSIOM stated.

 

2chain will be managing this project, they are a company that specializes in consultancy services for blockchain technology and ICOs.

VTSIOM appears to be interested in promoting technologies that make the election process safer and more efficient, saying that blockchain would also hedge against technical difficulties that often occur during times of large data collection and transfer.

The Russian Federation has a positive relationship with blockchain. The country recently saw the launch of a school offering lessons in blockchain technology. The school, which opened in Moscow-based IT hub Physterchpark, is the first in Russian to teach programming essentials specifically oriented towards the development of applications using the Ethereum blockchain. The project has even recruited Ethereum founder Vitalik Buterin as a consultant, which gives the school a significant degree of legitimacy.

VTSIOM is one of many state companies in Russian to have fallen in love with blockchain.

Sberbank Russia’s largest state owned bank started a research lab early this year with the intentions of spurring blockchain-related activity among local companies and communities. Before that, Sberbank successfully carried out a blockchain pilot that involved a transaction underpinned by IBM’s technology.

Overall, Russia is on the right path to adopting blockchain technology to different sectors of the countries industries and other world powers are closely following Russians every move. It is highly anticipated to observe which countries will adopt blockchain for there next presidential elections.

 

 

 

 

Source: Miguel Gomez, Cryptovest.com

 

Bogdan Maslea