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#Blockchain

Thailand held the world’s first blockchain elections

The first blockchain elections in history

The Kingdom of Thailand became the first country in the world to use blockchain technology in its electronic voting system with the participation of more than 120,000 voters, Zcoin reports.

Despite the turbulent political atmosphere, the Kingdom of Thailand shows remarkable enthusiasm when it comes to the development of innovative technologies. Using the blockchain platform based on Zcoin, open source cryptocurrencies, members of the oldest political party in the kingdom, the democrats, voted for their leader, Abhisit Vejjajiva.

Blockchain elections were held both at the polling stations equipped with Raspberry Pi devices and using a mobile application – for voicing, only submitting of identity with a photo of identity card is needed.

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How to ensure confidentiality of blockchain election?

All data, including identification documents and voting ballots, were encrypted and stored in a decentralized and distributed file storage system called InterPlanetary File System (IPFS), which was then placed in Zcoin blockchain. This currency played the role of the unchanged base data and was used to ensure the conditions for audit candidates for members of the Democratic party and Thai electoral commission.

According to Computer Weekly, the encryption keys were kept secret, due to the use of a cryptographic method called Shamir’s Secret Sharing Scheme. Thanks to this method, voter identification documents could only be deciphered in the presence of five members of the Democratic party and Thai electoral commission in order to verify the compliance of voters. It is already known that, thanks to this innovation, Thailand has been able to increase voter turnout, as well as increase the transparency of the elections.  

Zcoin is a decentralized and open-source currency that was first used by Zerocoin protocol, proving the complete confidentiality of data storage in the system. Zcoin has been on the market since 2016 and is currently trading on exchanges such as Binance, Bittrex, and Huobi. Commenting on the event, Poramin Insom, founder and lead developer of Zcoin, said he was proud of the fact that their company had played such a huge role in the country’s political history. He also hopes that more and more elections, both in Thailand and abroad, will be held on the basis of blockchain technology.

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