V-Initiative

= one of the Blockchain-Based E-Voting Systems

URL = http://www.v-initiative.org/

Description

B. Holmes:

"V-Initiative, a New York based company, has been focusing on delivering open-source voting solutions based on Bitcoin’s blockchain: “Our goal is to be able to distribute 100% fraud proof, 100% anonymous, digital votes so that we can re-imagine the way democracy works in a digital age.”

Although Bitcoin’s blockchain has a vast array of benefits, one drawback as an electoral tool is that it is not anonymous, but pseudonymous, which means that user identity is not fully protected from the public. Pseudonyms, user-IDs and IP addresses can be viewed and possibly traced by other users. To heighten privacy, V-Initiative safeguards voter anonymity by making use of Zero Coin, and zero-knowledge proof cryptography, partnered with the IP masking software, TOR.

“The implementation of such open source code in a voting blockchain scheme would allow for a system that could both verify the authenticity of each vote belonging to a registered voter while totally anonymizing said voter.” (http://bravenewcoin.com/news/blockchain-voting-systems-offer-transparency-and-security/)