The upcoming electronic vote on changes to the Russian constitution will be conducted using blockchain technology.
According information from the website Moscow government, Moscow residents will be able to vote in blockchain technology already in June. The vote will concern the introduction of constitutional amendments and will take place electronically.
Voting on blockchain “is almost impossible to hack”
The voting that will take place on June 25-30 will be based on blockchain technology to “ensure security and transparency”. According to the official announcement, the block chain will help in maintaining anonymity and encryption of each vote.
On the official site of the Moscow government, we can read that the Blockchain network “does not have one server” and therefore the chain is “almost impossible to hack”.
“The security and transparency of electronic voting will be ensured by Blockchain technology. Such a network does not have one server: to change information, it is necessary to obtain the consent of most network participants, so breaking into the chain is almost impossible. The voting itself is anonymous and encrypted. “
In the announcement, the Moscow government did not specify what blockchain would use when voting. The authorities also did not mention any company helping in the implementation of technology.
Voting may extend Putin’s term of office for another 12 years
During the vote, Russian citizens will decide whether they want to accept constitutional changes. The proposed changes, first presented on January 15, 2020, aim to enable Putin to serve two consecutive six-year presidential terms – by 2036. If the Russians vote against the changes, Putin will have to step down as Russian president in 2024.
During his many years of reign, Putin did not regulate cryptocurrency regulations, despite the fact that he repeatedly set deadlines for their adoption. However, the Russian president may have a big impact on the fate of one of the largest cryptocurrency markets in the world. As reported yesterday, in 2020 Russia was a world leader in terms of participation in global Bitcoin trading (BTC) on the LocalBitcoins peer-to-peer exchange.
At the end of 2019, Changpeng Zhao, president of the world’s largest cryptocurrency exchange Binance, called Putin “the most influential person in the blockchain world.”