Security risks can persist with Blockchain voting systems, MIT says

Security risks may persist on the internet and blockchain-based voting systems, a study by researchers from the Massachusetts Institute of Technology found.

Blockchain-based voting systems were believed to be a relatively safer tool for conducting elections, immune to the risks associated with other methods

The MIT document is titled “Going From Bad to Worse: From Internet Voting to Blockchain Voting”.

Security risks can persist on the internet and blockchain-based voting systems, a study by researchers from the Massachusetts Institute of Technology (MIT) found.

At a time when the manipulation of election results continues to make headlines, with speculation about foreign country interference in elections, the acquisition of booths and the tampering of electronic voting machines (EVMs), systems were believed to based on blockchain voting were a relatively safer tool for conducting elections, immune to the risks associated with other methods.

The MIT document is titled “Going From Bad to Worse: From Internet Voting to Blockchain Voting”.

Blockchain-based voting demands grew stronger after media in the United States waited to announce the winner of the presidential poll until the Saturday following election day.

“More importantly: given the current state of cybersecurity, any increase in turnout from the internet or blockchain-based voting would come at the cost of losing significant certainty that votes were counted as they were cast and not altered or subtly discarded, “the researchers wrote.

Blockchain technology is a facility that stores the public’s transactional records, also known as a block, in several databases, known as a “chain,” in a network connected through peer-to-peer nodes. It is considered a safer and more transparent method of storing data and information.

More news

The Vietnamese Ministry of Education records the certifications on Blockchain

Vietnam’s Ministry of Education and Training, or MOET, plans to roll out blockchain technology for graduation in 2021. MOET has partnered with Singapore-based startup TomoChain to put national student certifications on the TomoChain proprietary blockchain platform. The new blockchain-based certification system enables transparent and immutable verification of students’ qualifications. You can read the entire Cointelegraph story Here.

Airbnb plays Blockchain Buzz-Word Bingo in $ 1 billion IPO with SEC

This week, online short-term accommodation booking platform Airbnb filed a prospectus, spanning more than 350 pages, for a $ 1 billion initial public offering (IPO) to the US Securities and Exchange Commission. The prospectus sees the company talking about the risks of not being able to adapt to technological advances like cryptocurrencies and blockchain technology. “Our future success will also depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies, artificial intelligence, virtual and augmented reality and cloud technologies.” Read the entire Cointelegraph story Here.

Source link