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Cardano Founder Anticipates Blockchain’s Potential in Elections
According to Cardano founder Charles Hoskinson, blockchain could help provide the comprehensive proof needed in elections in the United States and beyond.
Cardano founder enters electoral discussion
It is not uncommon to find blockchain innovators like Charles Hoskinson amplifying the capabilities of blockchain technology. The latest debate over X hinges on the uncertainties that relying solely on digital voting systems presents.
The talk started with the presidential candidate and the Bitcoin bull Robert F. Kennedy Jr (RFK) which highlighted the recent elections in Puerto Rico. RFK pointed out that there were many electoral irregularities in the process. This would have ruined the entire process if Puerto Rico had not implemented a paper voting system as a backup.
Based on this, RFK called for the integration of a similar system of paper documentation to cushion the electronic system for which the United States is known. It was at this point that different opinions joined the converts, including that of the Founder of Cardano.
According to Hoskinson, “blockchain with paper for a dual system where analog and digital control each other. It’s the ultimate mix.”
Blackchain with paper for a dual system where analog and digital control each other. It’s the ultimate mix https://t.co/3mdWrEuVY2
— Charles Hoskinson (@IOHK_Charles) June 15, 2024
The original design of blockchain systems such as Ethereum, Cardano and Solana makes them difficult to manipulate. Furthermore, transparency is naturally built into the blockchain system such that anyone can verify the veracity of the information stored on them. While there have only been a few cases of integrating blockchain into real-world voting systems, they have proven to work well.
While Charles Hoskinson hasn’t really focused on Cardano, reactions to his post have many suggesting how the protocol could intervene.
Influence of cryptocurrencies in American elections
In addition to the narrative of the integration of blockchain systems into the voting system in the United States, cryptocurrencies and speculation are gradually playing a central role in the outcome.
From former President Donald Trump to current President Joe Biden and RFK, the need to appeal to young voters is growing. Donald Trump declared himself the Crypto President, revealed plans to enable Bitcoin mining. Amid the industry’s warm embrace, President Joe Biden has also begun considering accepting cryptocurrencies as campaign donations.
Although the founder of Cardano backed RFK which in turn bought it GameStop Recently, experts have highlighted how cryptocurrencies could change the narrative in elections.
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