The Blockchain know-how can be utilized to develop a system to carry an election. That is what has been introduced by Pooyan Ghamari, the founder and CEO of Swiss primarily based Counos firm. Counos has developed a system primarily based on its Counos X cryptocurrency that enables for the holding of elections in a clear and tamper-proof method that may be simply administered.

          An vital a part of the Counos Blockchain-based election system is that the primary section of Counos X election system can be to make use of it for holding Blockchain-based elections within the nation of Switzerland. Moreover, it’s being developed in its scalability in order that it will possibly lastly be used for the biggest scale elections, resembling United States presidential elections. In such giant scale elections, the amount of transactions and the velocity of confirming transactions is essential. As such, Pooyan Ghamari has stated that Counos is at present engaged on this method to extend its scalability and capability in a method that it is going to be in a position to course of and register 10,000 transactions per second.

Why Ought to Blockchain Be Used for Voting?

A Blockchain-based election system would naturally deliver all the advantages of this know-how to the processes of an election, together with candidate registration, voting, and extra importantly the counting of the votes.

A Blockchain-based system, an election will be outlined within the type of a sensible contract. On this contract, totally different selections will be recognized with a singular tackle. Votes might be offered to voters within the type of a sure supply (for instance a sure variety of cash from a sure supply).

Voters can vote to their chosen candidate or select their favored possibility by transferring their stability (or proper to vote) to the account of their chosen candidate or alternative by scanning their tackle. This switch might be recorded within the Blockchain and might be counted after a sure variety of block confirmations.

On the finish of the voting course of, the account whose stability comes from the supply that had already been outlined within the Blockchain community and specified within the good contract will decide the candidate or possibility with the very best variety of votes.

Extra challenges have to be thought of on this system and an answer have to be provided for them.

          So, it’s fairly clear what benefits Blockchain know-how can have for the voting course of and elections. However can any Blockchain community be used for this function? Pooyan Ghamari has a unique opinion and has made the next assertion on this regard:

“Nonetheless, it’s crucially vital to notice that after I speak about using Blockchain know-how and a Blockchain community in holding elections, I don’t imply that any community can perform this process. Counos has particularly designed the community of Counos X to have the aptitude to carry elections. That is precisely why different Blockchain networks received’t be capable of perform such giant scale elections.”

A lot of the Blockchain networks which might be available in the market and are used for cryptocurrencies, have a restricted capability in every block for processing transactions, and a lot of the obtainable area is already full of extraordinary transactions, it might not be potential to make use of networks resembling Bitcoin and Ethereum.

Because the variety of voters can generally be extraordinarily excessive, as an illustration within the case of the final US elections the place greater than 150 million folks participated within the election, the community ought to have the capability to course of few million transactions in a day.

In different phrases, on this massively giant scale election, as much as hundreds of transactions ought to be recorded every second. If we wish to put together the system for the height inflow of votes, it ought to be able to cowl a considerable variety of transactions every second, such that no different Blockchain community is able to doing so. So, to counter this problem, Counos is growing the Blockchain community of Counos X election system to have the ability to course of 10,000 transactions per second.

Moreover, another excuse that present public Blockchain networks won’t be able to carry giant scale elections is that they don’t assure that the despatched transaction might be recorded within the first obtainable block.

Given the community’s site visitors, the transaction payment, and maybe different defining parameters, the time of a transaction being recorded in a block can fluctuate. That is thought of a problem for an operation that should happen and end at sure occasions, particularly one thing as time delicate as voting.

As well as, the administration and holding an election will embrace figuring out candidates, verifying the id of voters, stopping duplicate votes, and stopping faux voters. As well as, as talked about, present public Blockchain networks don’t present viable options for these challenges. Subsequently, present typical constructions must authenticate these issues.

So, it’s clear that not simply any Blockchain community can be utilized to efficiently maintain an election. However let’s see how Counos X elections system can maintain up its guarantees.

What Is the Election System of Counos?

The founder and CEO of this Blockchain platform, Pooyan Ghamari, has acknowledged that to be able to remedy all of the challenges that have been talked about above, Counos platform has provided the Counos X elections system. The construction of the Counos Blockchain community is being up to date to have the ability to course of no less than 10,000 transactions per second. This quantity of transactions can meet the wants of huge election programs, for instance presidential elections and even referendums.

Moreover, to be able to assure the protection and safety of the community, sure steps have been considered. As an example, all of the energetic mining swimming pools within the Counos community ought to meet a sure criterion to have the ability to mine blocks (together with the minimal quantity of credit score as laid out in system’s guidelines). Alternatively, community issue is managed utilizing particular method. All these make it tougher for a 51-percent assault to happen. Moreover, they forestall the altering of guidelines and so unknown swimming pools can not exist. The main points of created blocks in every pool will be reviewed in a public and clear method.

In any voting heart, a brand new and unique tackle is given to any voter along with the precise to vote (a sure stability of CCXX cash). The totality of those balances come from a sure supply that are offered to be fixed for all of the election transactions. This stability is shipped to an unique tackle to every voting heart, which can then be used within the technique of elections by voters. In any election system, there’s an ID for any voter (this ID can come from the nationwide ID quantity). This ID is registered as a separate transaction within the Blockchain within the type of a message when the voting proper is transacted. That is so it turns into totally clear who has used their voting proper already. The registration validity of this ID ought to be authenticated by the organizers of the election exterior the Blockchain community primarily based on the variety of the registered IDs in sure time intervals, the stability of the voting heart’s pockets might be recharged.

Transferring votes (particular stability within the unique tackle) will be completed through particular voting wallets. Transaction ID and uncooked transaction are proven within the type of a QR code which will be recorded. On this method, any voter can make certain of how voting takes place.

Because the voting course of ends, the stability of voting facilities and the principle heart will turn into non-transferable. Though, a sure time interval to be able to assure all of the transactions are totally acquired (by the chosen candidate’s account) might be taken under consideration.

A particular block explorer might be devoted to this method. All of the legitimate votes might be proven on this explorer. The votes which might be solid exterior the outlined time interval or come from unauthorized sources, won’t be counted as a part of the ultimate stability, and ultimately the legitimate outcomes might be introduced.

          These have been the main points offered by this election system developed by Counos and introduced by Pooyan Ghamari, which will be carried out to hold out any election, from smaller scale ones, resembling city-wide elections, to bigger ones, together with parliament and presidential elections.