Blockchain Technology For Verifying Election Data

cryptonews.com:

More than 60 countries around the world will hold national and regional elections this year, making 2024 the biggest election year in history. But there are growing concerns that misinformation and disinformation driven largely by artificial intelligence (AI) will impact the elections.

An example of this recently occurred when an AI-enabled call using United States President Joe Biden’s voice phoned thousands of people across the U.S.

Findings from The World Economic Forum’s Global Risks Report 2024 further show that misinformation and disinformation are likely to be a top global risk in the next two years.

The report states that “foreign and domestic actors alike will leverage misinformation and disinformation to widen societal and political divides.”

The report also noted this risk will be even greater given that there will bea large number of elections in the near future, as more than 3 billion people are due to head to the polls in 2024 and 2025.

While misleading information poses a major global threat, industry experts have pointed out that blockchain technology can play an important role in combating this challenge.

Paul Brody, Global Blockchain Lead for Ernst & Young (EY), told Cryptonews that like many people, he believes this year could break records for fake news.

Given this, Brody explained that EY has created a blockchain-based traceability solution called “OpsChain” that performs document notarization through a set of APIs.

“OpsChain runs on top of Ethereum public infrastructure,” Brody said. “The solution hashes and time stamps documents, placing that information on the blockchain for verification.”

The EY Ops Chain Public Edition prototype will allow companies to securely transact on a shared #publicblockchain.