NewsletterCardano Founder Teases Blockchain Potentials In High-Profile Elections
Highlights
- There is a growing concern regarding the role of blockchain in elections
- Cardano Founder believes this will solidify paper trail system
- Crypto is becoming a major playing ground for US Presidential candidates
According to Cardano Founder Charles Hoskinson, blockchain might help provide the needed full proof in elections in the United States and beyond.
Cardano Founder Wades Into Electoral Discuss
It is not uncommon to find blockchain innovators like Charles Hoskinson amplifying the capabilities of blockchain technology. The latest debate on X hinges on the uncertainties that reliance on only digital voting systems presents.
The discourse started with Presidential Candidate and Bitcoin-bull Robert F. Kennedy Jr (RFK) who spotlighted recent election in Puerto Rico. RFK pointed our that there were a lot of electoral irregularities in the process. This would have marred the entire process had Puerto Rico not implemented a paper voting system as backup.
Drawing on this, RFK called for the integration of similar paper trail system to cushion the electronic system the US is known FOR. It was at this point that different opinions joined the converted, including the Cardano Founder’s.
According to Hoskinson, “blockchain with paper for a dual system where the analog and digital audit each other. It’s the ultimate mix.”
Blackchain with paper for a dual system where the analog and digital audit each other. It’s the ultimate mix https://t.co/3mdWrEuVY2
— Charles Hoskinson (@IOHK_Charles) June 15, 2024
The original design of blockchain systems like that of Ethereum, Cardano and Solana makes it hard for manipulation. Additionally, transparency is naturally built into blockchain system such that anyone can verify the veracity of information stored on them. While there have only been a few instances of blockchain integration in real-world voting systems, they have proven to work fine.
While the Charles Hoskinson did not place an actual focus on Cardano, reactions to his post had many suggesting how the protocol can step in.
Crypto Influence In US Election
Besides the narrative of blockchain systems’ integration in the voting system in the United States, cryptocurrencies and speculative is gradually playing a central role in the outcome.
From former President Donald Trump to incumbent Joe Biden and RFK, the need to appeal to young voters is growing. Donald Trump has declared himself the crypto President, he has revealed plans to permit Bitcoin mining. Amid the warm embrace from the industry, President Joe Biden has also started considering accepting crypto as campaign donations.
Though Cardano Founder has endorsed RFK who in turn bought GameStop shares recently, experts have highlighted how crypto might shift the narrative in the election.
Read More: Is Bitcoin (BTC) Rebound Imminent Amid NASDAQ ATH Record?
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