Blockchain is Ready to Transform Elections
Blockchain is swiftly emerging as an elixir to many industries worldwide. Major corporations have realized the potential of the technology. For instance, let’s take the case of Walmart. The American multinational retail corporation has been using blockchain technology to not only digitally transform its supply chain and reduce the time it takes to track the source of food contamination. Walmart now requires all suppliers of leafy green vegetables to upload data onto a blockchain. This helps the company real-time track produce right back to the farm it came from. In batch contamination, the company can trace contaminated food within seconds versus the weeks-long manual process. This is invaluable during product recall.
Walmart, indeed, is not alone; Nestlé uses a blockchain to trace the growing origins of its Rainforest Alliance-certified coffee brand. This helps the brand guarantee the sustainability practices of the coffee growing. On the other hand, the consumer can simply scan a QR code on the packaging to view real-time information on farmers, the time of harvest, the roasting period, and even the transaction certificate for their coffee’s specific shipment.
Now, blockchain technology is ready to explore the public domain, thanks to Thailand’s Thammasat University. Researchers from Thammasat University are leading the advancement of blockchain-based electoral technology through its Office of Business Incubation Center and Intellectual Property. The university has initiated a groundbreaking project known as "Online Election System Using Blockchain via THAIVOTE.io," which is at the forefront of efforts to update and enhance the electoral process. We congratulate the fraternity while unveiling our yearly special issues based on the prestigious alumni of the institution. Do let us know your thoughts.