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They correspond to the time signature that you have selected. College students have discovered a new way to raise funds: by mortgaging their futures. Cryptocurrency suddenly offered a more appealing way of housing money with the promise of constant access. The tiny political party fields candidates who promise to strictly follow citizens’ bidding as expressed on an online polling platform. Having voter identities dispensed and revoked by central authorities puts voters back at the mercy of a few administrators who can decide which votes count. Conveniently, auditable consensus among parties who do not fully trust one another is exactly what blockchains offer. It is monitored and audited by third parties in comparison to unpegged cryptos like Blockchain, and Ethereum, they do not offer high rewards to Liquidity Providers (LPs). This is why most blockchain election providers partially centralize the management of voter identities. “If you look at all the technology components necessary,” Kiniry says, a blockchain “only ticks, like, the first four boxes out of a hundred.” It works for recording votes, but even blockchain start-ups need additional layers of technology for thornier challenges such as validating voters, keeping ballots secret and letting each voter verify their vote was tallied.
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