VoteCoin : A Blockchain Perspective on E-Voting Infrastructure

Abstract

The implementation of a dependable and equitable decision-making process is of paramount importance and carries substantial influence within any organizational context. At present, decision-making procedures frequently depend on either traditional manual approaches or sophisticated technological resolutions. There are several challenges associated with these approaches, which encompass a dearth of transparency, low rates of participation, the possibility of manipulation, skepticism towards the decision-making body, counterfeiting of unique identification, prolonged delays in the dissemination of results, and significant security concerns. When contemplating the integration of a digital decision-making system, security throughout the entire process is invariably the foremost consideration. In light of the seriousness of the matters under consideration, it is indisputable that the system must ensure data security and prevent potential breaches. One plausible solution for mitigating these security challenges entails the utilization of blockchain technology. Blockchain, an implementation of decentralized ledger technology, enables the decentralized exchange of digital assets in a secure and transparent manner. In this regard, distributed ledger technology signifies a substantial progression; every block comprises an exhaustive ledger of every transaction. The defining features of blockchain technology are anonymity, decentralization, security, and transparency. The convergence of smart contracts and blockchain technology presents a profoundly auspicious prospect in the realm of constructing decision-making systems that place utmost importance on transparency, safety, and security. A prototype decision-making application was effectively developed and evaluated in this research endeavor by leveraging smart contracts on the Ethereum network. By integrating digital wallets, blockchain technology, and the Solidity programming language, this accomplishment was realized. A finite quantity of tokens, analogous to gas, is assigned to each user within their wallet. By depleting these tokens upon user participation in the decision-making process, duplicate actions are ensured to be prevented. In addition to examining the advantages and disadvantages of blockchain technology, the study presents a working prototype of a web application that is specifically engineered to optimize the process of making decisions. This highlights the intrinsic constraints of the system.