How Blockchain can Revolutionize Conventional Global Political Structure?

Blockchain Help Reinstate Trust in the Global Political Economy

The current political structure is the collaboration of technology, communication, and public concerns. Many innovative technologies including AI, IoT, and Blockchain, etc are being implemented to address issues like climate change, black money circulation, as well as political parties are promoting their agenda, speeches and connecting to voters on social media platforms.

Even though the global political structure is implementing latest measures, technologies, still there are some trust-related worries that need to be addressed. In this blog post, we are going to check how Blockchain Solutions can be the perfect solution in the global political structure for building trust.

In order to truly know the role of Blockchain in politics, it is first important to know the challenges of the global political structure. Even with the open communication and complete transparency are implemented, there are multiple ways political paradigms are influenced.

Major Challenges of Current Global Political Structure

1. Fake News over Social Media

Social media spread information at a faster rate than on the grounds. This has resulted into outright propaganda and falsehoods. People make use of free speech on social media platforms and it has been reported in the Facebook data privacy row. It has been reported that people were employed to make and disseminate the pro-Trump propaganda to the US voters that was visible on social platforms.

2. Shadow Politics and Black Money

Two of the major threats to the global political domain are the circulation of black money and shadow politics. A recent case of Citizens United Vs Federal Election Commission reported the expenditure of n number of monetary amounts on advertisements without revealing the donors’ details as long as there was no direct involvement.

3. Fraud in Election Voting

In general 2018 elections, many cases were reported regarding the voter disenfranchisement and election fraud. In North Carolina, several absentee ballots were gathered by the political operatives and were turned in the favor of their respective candidates. In Georgia, over 53k voter registrations were kept in a pending state because of spellings and hyphens issue. All this can be addressed using the implementation of Blockchain technology by Mobile App Development Company to bring trust at every stage of the voting method.

What are the Applications of Blockchain with Politics?

The potential advantages of blockchain, particularly in a political setup can seem strange. Blockchain technology is quite popular in industries like Healthcare, Manufacturing, and Finance. It can be new to politics but is beneficial for fair election and other voter benefits.

1. Transparent Voting

Voters are offered the opportunity to record votes on a ledger where their selections are safeguarded and transparent with Blockchain technology. To secure the voters’ identities, every voter is offered a privat, & unique ID. In this voting method, anybody can check how the verified ID has voted without mentioning their actual details.

2. Transparent Public Procurement

Public procurement is the major source of corruption. The selection of vendors is transparent but also comprise of a high degree of human discretion. This ultimately leads to issues like distorted market price, lowered healthy competition and huge financial waste.

Government agencies hire mobile app developers to build a system which can address the risk factors by offering tamper-proof transaction records using smart contracts. This overall improves the accountability and transparency of the transactions.

3. Corporate Ownership Registry

May reports were shared regarding corruption around secretly managed companies which are used for money laundering, paying bribes, or influencing government investment. A number of government agencies have started consulting Blockchain app developers to build central registries to track the conflict of interest and remove criminal activities.

4. Disbursements of Grant

Every year government disburses millions education, back arts, humanitarian aid, and social assistance. This is very crucial for a political party’s efficiency, and is majorly related to emotions which call for the assistance from middlemen. Flutter app development services can help build public trust in the system. It brings opportunities to reduce the intermediaries involved in the grant and disbursements.

Wrapping Up

Without blockchain solutions, the flaws in existing global political structure will remain forever and the complete method will become increasingly outdated, with minimum security and transparency. It has several to offer, but it still requires governments to embrace this new emerging technology. When integrated rightly by the app developers of Flutter app development services, it can assist the election agencies, no matter how significantly the trend changes.

Frequently Asked Questions

FAQ

1. What is Blockchain technology and how does it work?

Based on a peer-to-peer (P2P) topology, Blockchain is a distributed ledger methodology that allows data to be stored globally on hundreds of servers while letting anyone on the network see everyone else’s entries in real-time. That makes it tough for one user to gain control of, or game, the network.

2. What technology is behind augmented reality?

Several technologies are used in augmented reality rendering, including optical projection systems, monitors, handheld devices, and display systems, which are worn on the human body. Enterprises consult React Native App Development to build appealing mobile apps integrated with Blockchain technology for better voting management.

3. What is Blockchain technology good for?

By spreading its operations across a range of computers, blockchain allows Bitcoin and other crypto-currencies to operate without the need for a centralized authority. This not only reduces risk but also lowers the voting counting process.

4. What are the main features of Blockchain technology?

Data stored in the Blockchain is made secure and immutable using cryptography. Every block is referenced by a unique string of characters, generated by a cryptographic hash function. This function can accept any amount of data as inputs and generate a fixed-length string as output.

Implement Blockchain Technology into Government Electoral Process for Transparency

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