Developers can build absolutely anything on the Bitcoin SV blockchain, including a tool that could revolutionize how elections are held. Australian firm LAYER2 Technologies is currently developing a versatile voting platform called B-Vote on the Bitcoin SV blockchain.
“Voting has been one of the floated use cases of blockchain technology for a long time,” says Eli Afram CTO of LAYER2 Technologies and a Bitcoin Association Ambassador to Australia. “Having worked with the government in the past, it’s an idea that’s always been at the forefront of my mind.”
B-Vote can accommodate all kinds of voting needs, from elections to commercial uses such as shareholders’ votes and various questionnaires and surveys. At the core of its offering is a commitment to providing voting transparency through an easy-to-use platform that can handle even the most complex computations at the backend.
“The idea is that all of the ballots are put in a transparent box so that everyone can see that there were no votes in the box before there should have been, or that none have been added after they should have been. Once you submit your vote, you can physically see with your own eyes that your vote is going to be included. That’s what blockchain voting allows. It doesn’t fix voting, but it takes a step in the right direction in making it better and more transparent,” Afram explains.
Because B-Vote is built on the Bitcoin SV blockchain, it can easily handle the massive amounts of data generated during voting processes. This is because the Bitcoin SV blockchain successfully restored the original Bitcoin protocol and now scales unbounded, which means that it can scale its data blocks infinitely to handle big data and facilitate safe, instant, and low-cost microtransactions.
“We’re not the first and we’re definitely not the only voting platform – but Bitcoin SV is the only blockchain that can deliver a system that works. And that’s been proven, now. We did 10 million transactions in October in bursts here and there. We didn’t need to test the entire population of Australia – there was a short run we had where we pushed to see how much we could store on the blockchain and how quickly. We found that we would be able to cater to Australia’s population in a day,” Afram states.
B-Vote’s ultimate goal is to be used for national elections. However, Layer2 Technologies is also making it available for other small-scale commercial applications to make it a widely adoptable voting platform.
“The problem with blockchain voting is that we can’t dictate to governments how they should run their voting processes. All we can do is show them what’s possible—the transparency that’s possible, the capabilities of blockchain technology—and use that to say ‘we can run an election that would satisfy the population of Australia—we could do 25 million votes in one day. This is something that we can demonstrate in the private sector,” Afram further explains.
Layer2 Technologies is just one of the more than 400 projects and ventures currently being built on the Bitcoin SV blockchain. Bitcoin development is highly encouraged as it is a technology that is being proven to be the next big thing since the Internet.