$26.08 5.13%
WAVES · 206w

Waves to collaborate in “liquid democracy” applications

Waves to collaborate in “liquid democracy” applications

A collection of organisations and platforms are working together to design and build a fair, transparent and anonymous voting system.

Waves platform will participate in the creation of a new form of blockchain-based voting system, characterised as “liquid democracy”. The project is a collaboration between a number of different organisations and research groups:

The Blockchain Institute, an interdisciplinary blockchain research labCryptography and cyber-security researchers Bingsheng Zhang and Hong-Sheng ZhouWaves Platform, the popular custom tokens blockchain application designed for mass-market solutionsErgo, an experimental platform created to test a series of solutions to problems with traditional blockchains

The result will be a voting protocol that can be used in real-world production systems.

Flawed voting systems

Existing electoral systems, although based on democratic models, have significant limitations. Representative democracy, for example, requires voters to give up their rights to a proxy, who wields influence on their behalf. Direct democracy, whilst ostensibly fairer, tends not to scale well for a number of reasons — including its requirement that voters are well-informed about every issue on which they make a decisions. Liquid democracy combines the advantages of both systems, allowing voters to make a decision themselves or to defer to an expert, as appropriate.

Bingsheng Zhang, Assistant Professor in Cybersecurity at the University of Lancaster, and Hong-Sheng Zhou, Assistant Professor of Cryptography at Virginia Commonwealth University, have designed an implementation of liquid democracy suitable for use in the 21st century.

Viable implementations

Viable implementations already exist — including Google Votes — these have focused on basic functionality without taking into account the need for privacy. Zhang and Zhou’s paper proposes...

Continue on blog.wavesplatform.com
Recent news
No posts found