Blockchain technology and innovations related to it is becoming more and more integrated into mainstream economics. Blockchain solutions are playing a part in logistics, finance, data management and other sectors. But what about politics? Can we use blockchain to improve governance and political processes?
The beauty of blockchain is that it removes middlemen and the network can validate various transactions by its own. The same logic potentially can be applied in the electoral processes or in local governance.
Technology is often more objective and fair in handling sensitive information. It can also be more transparent than institutions which are governed by people who have their own agendas.
Fair, transparent elections and efficient governance are one of the cornerstones of the Western socio-economic life. Therefore, the research into how blockchain can help to improve the political sphere could be one of the top priorities for current decision makers.