Nov. 7, 2016

By Darin Stanchfield, KeepKey

Organizations in many sectors – including government – are exploring blockchain technology because of its improved efficiency and transparency. These benefits are especially important to voting.

Blockchain technology provides innovations that current voting systems could and should embrace. The immutable nature of the blockchain means that if used in an election system, once a vote is cast, it cannot be manipulated. The blockchain creates a permanent, immutable ledger.

The blockchain also provides an audit trail for verifying election results. Blockchain technology offers protection against hacking, a rising threat for all computer systems, including those used to manage voting machines.

A voting system on a public blockchain would be completely decentralized with no single point of failure for attackers to target.

Current election systems are typically closed and not easily reviewable by security researchers or the public at large. If code is not transparent or open for review, one may never know what secrets lurk under the hood.

The use of a hardware blockchain wallet can protect the data from hacks.

Certain protocol uses secure offline hardware to protect sensitive data. For digital assets, this data is a private key. Humans have not yet mastered the security of electrons moving over wires: offline hardware removes this vulnerability.

Hardware wallet adds security

A hardware wallet can authenticate its user to manipulate sensitive data. This is like having a personal notary overseeing each transaction, governed by the rules of cryptography and math. Current election systems do little to authenticate those casting votes.

In today's global information environment, where the threats of coordinated hacks are pervasive, all security concerns should be taken seriously.

Darin Stanchfield is CEO of KeepKey, hardware wallet storing bitcoins and other digital assets. 


Topics: Future Trends, Government, Software


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