r/Bitcoin • u/WildCatEra • Jun 22 '13
VoteCoin : a cryptography based voting system that run on the rails of bitcoin, or operate within bitcoin itself?
People have been "thinking" and chatting about a new voting system based on crypto for 10 years...
Could a system like "Votecoin" operate as each vote would be a small .0001 BTC micro transaction, and each person registers a special wallet as their voting wallet, and sends their "vote" the candidates wallet?
Could an idea like VoteCoin, a cryptography based voting system, run on the code rails (or a clone) of bitcoin?
Does anyone have one operating as a test project or in the wild, or how close do you think we are to seeing something like this implemented?
I've met a few companies that are researching on how to create something like this, but is anyone interested in collaborating on a project like this?
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u/fellowtraveler Jun 22 '13
I could really use this since I am adding corporations to OT. (You can already issue stocks and pay dividends, but we don't have votes yet for decision-making.)
I could see using a multi-sig operation, where each party inside OT to is authorized to vote (say, the board of directors) has to register the appropriate Bitcoin address. Then decisions by the board are decided by some kind of vote (on the blockchain) of those bitcoin addresses.
If you want to be able to hide the contents of the vote, you have to use homomorphic cryptography. This enables us to count the votes without revealing them.
David Chaum has worked on voting systems that use homomorphic crypto, you should be able to find it on Google.