Early this year, President Vladimir Putin of Russia sparked a series of controversial topics following the announcement about proposed constitutional changes. The residents of the country had been having mixed reactions since then. However, it seemed that the Russian government would take into consideration the opinions of the general public. In its most recent announcement, residents of Moscow had been informed that they could participate in a voting process, to be conducted via a Blockchain-based system.
As emphasized by Moscow officials, a voting system based on a distributed ledger technology (DLT) guarantees absolute transparency and security. Furthermore, they noted that due to the absence of an exclusive server, it would be impossible to hack the result, since modifying the bulletin information would require approval from the network’s participants. Notably, the voting period would run from the 25th to the 30th of June this year.
As per the announcement, the process would have two encryption keys. Each vote would be encrypted and anonymized, with the voter holding one key and the other divided and distributed among network participants.
The voting process is reportedly simple. Users can use their public services logins to access the designated website, wherein they would find an e-ballot. As explained by the officials, it has no difference with paper ballots. However, as noted by analysts, there seems to be an underlying conspiracy behind the newly announced development.
Interestingly, the set of amendments come in bulk, and voters only have two options. Yes, if they are in favor and no if they are against them. However, there is no option to vote on each amendment individually, and analysts noted that it’s tricky. The government is notably building a Trojan horse, and critics claim that unlawful proposals could be hidden behind the legit changes.
A global analyst at Stratford believes that the voting procedure would have a minimal role and that the Russian government would still be under the absolute control of Putin and his associates. Notably, the result could extend the president’s term by another 12 years.
Aside from Moscow, the country’s Election Commission confirmed that residents of the Nizhny Novgorod region could also partake in the Blockchain-based voting process.
Experts from the crypto industry were also quick to voice out their concerns. Would Putin be able to establish firm crypto guidelines in the country? According to reports, the country has the potential to be the largest Blockchain and crypto industry in the world. The prediction sprang out from the data of LocalBitcoin, wherein Russia had been shown as the leading country in terms of global Bitcoin (BTC) trading. Despite setting multiple guidelines to adopt one, crypto analysts stressed that the Russian president still has a lot of work to do to solidify crypto laws in the country.