An Overview of Block Chain Technology and Application

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Authors

Shah, Soumil Nitin

Issue Date

2019-03-29

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Other

Language

en_US

Keywords

Blockchain , Cryptography

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Abstract

Cryptocurrency, and its underlying technologies, has been gaining popularity for transaction management beyond financial transactions. Transaction information is maintained in the block-chain, which can be used to audit the integrity of the transaction. The focus on this poster is the potential availability of block-chain technology of other transactional uses. Block-chain is one of the most stable open ledgers that preserves transaction information, and is difficult to forge. Since the information stored in block-chain is not related to personally identify information, it has the characteristics of anonymity. Also, the block-chain allows for transparent transaction verification since all information in the block-chain is open to the public. These characteristics are the same as the requirements for a voting system. That is, strong robustness, anonymity, and transparency. In this paper, we propose an electronic voting system as an application of block-chain, and describe block-chain based voting at a national level through examples.

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