Blockchain and Democracy

Peter Racsko ()
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Peter Racsko: Department of Information Systems, Corvinus University Budapest, Hungary

Society and Economy, 2019, vol. 41, issue 3, 353-369

Abstract: In the past few years in many countries people have experienced the erosion of trust in the main pillars of democracy, the voting and election systems. Many authors envisage the blockchain technology as a tool for restoration of trust (Tapscott 2016; Swislow 2016; Shin 2016). Our research is aimed at the potential use of blockchain technology in social systems for enhancing trust and increasing participation. We aim to explore whether the blockchain technology is suitable for voting or elections in large communities and the issues to be addressed for real world applications to leverage democratic rights. Our final conclusion is that there are both theoretical and practical obstacles in the way of such direct applications.

Keywords: blockchain; consensus protocol; voting (search for similar items in EconPapers)
JEL-codes: C88 D72 O33 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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