Eva Kaili serves as a representative for Greece in the European Parliament, where she advocates for blockchain's potential. expresses confidence in blockchain's transformative capabilities where many link blockchain chiefly with cryptocurrencies, Eva Kaili envisions broader applications. as a revolutionary framework in the political realm.
The recent midterm elections in the US highlighted weaknesses in existing voting technologies. Recounts can be labor-intensive and do not rectify foundational security and accuracy issues in the voting process.
Eva Kaili Envisions Blockchain's Potential
Eva Kaili identifies blockchain's integration into global markets.
She told EAK TV that:
\"In varied industries, developments abound. Supply chain, in particular, sees noteworthy enhancements, while intermediaries are sidelined, costs cut across financial services.\"
There is no doubt that presents logistical sectors as ripe for blockchain innovation In addition to item tracking benefits, private blockchain platforms are poised to revolutionize trade finance.
While numerous politicians remain skeptical about blockchain cryptos , more EU MPs are gradually taking an interest. Kaili remarked,
\"Striving to craft an innovation-friendly climate, we resist traditional system negativity. The collective now realizes blockchain's vast potential.\"
Political Positions Matter
Voices within and outside government circles propose blockchain's future role in governance.
Estonia's e-Residency initiative's PR lead, Arnaud Castaignet, proposed blockchain-based identity tokens, streamlining bureaucracy and cutting costs.
India's Information Technology & Tourism Minister, Priyank M Kharge, told reporters,
\"Blockchain's emergence wasn't sudden, akin to the internet and mobile revolutions, evolving over decades. We must dive into this technology for true public application and optimize its governance use.\"
Indian regions like Andhra Pradesh and Telangana are testing blockchain platforms for managing public sector documents like property registrations. The federal government, showing interest, hasn't launched formal initiatives yet.
Read: A Deep Dive into the Technical Feasibility of Blockchain-based Voting
Blockchain Powers Thai Party's Electoral Process
Earlier this month, Thailand's Democrat Party used blockchain tech via Zcoin for their primary elections, marking their first large-scale electronic vote.
Zcoin's founder, Poramin Insom, stated, said that,
\"We're proud of Zcoin's part in pioneering Thailand's major e-vote, improving transparency and participation. This milestone may inspire further blockchain electoral adoption in Thailand and beyond.\"
This blockchain system involved over 120,000 Thais, successfully logging every vote unalterably on the Zcoin blockchain. Zcoin reportedly used InterPlanetary File System (IPFS) creating encrypted data packets containing voting data and IDs.
Blockchain's utility extends into far-reaching sectors, united by the need for secure records. Many current systems lack efficiency or relevance. Beyond voting, blockchain has diverse record-keeping applications!
