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Blockchain-based votes will determine Vladimir Putin’s political fate

June 6, 2020

The next electronic vote in Russia on constitutional changes will be carried out using blockchain technology.

Moscow citizens can vote online on Vladimir Putin’s constitutional changes Blockchain-based electronic voting. As announced on the official website of the Moscow government, voters in the city can register for the next elections from June 5.

Blockchain makes it “impossible” to manipulate elections

The electronic vote will take place from June 25th to 30th and will implement blockchain technology to “ensure security and transparency”. As officially announced Blockchain helps anonymize and encrypt every vote Ensure security and immutability of data.

Blockchain-based votes will determine Vladimir Putin’s political fateBlockchain-based votes will determine Vladimir Putin’s political fate

Because a blockchain network “doesn’t have a single server”, The chain is “almost impossible to hack” says the official announcement.

The statement says:

“The security and transparency of electronic voting is guaranteed by blockchain technology. This network does not have a single server: to change the information in the bulletins, the consent of the majority of the participants in the network must be obtained, making it almost impossible to enter the chain. The voting itself is anonymous and encrypted. “”

In the announcement of the Moscow government hasn’t specified exactly what type of blockchain technology will be implemented during the vote. The official didn’t mention either Not a company that would help implement the technology for the voting process.

The vote could extend Putin’s term of office by another 12 years

In the vote, Russian citizens will decide whether to support the constitutional changes.

The constitutional changes introduced for the first time on January 15, 2020 enable Putin to serve two additional periods of six years to 2036. If the Russian people vote against the changes, Putin will eventually have to step down as president in 2024. Putin has been president or prime minister since 1999.

During his long reign, Putin was unable to dictate a regulatory regime for the crypto industry in Russia. despite setting multiple deadlines for acceptance. The Russian president could rule the fate of one of the largest cryptocurrency and blockchain markets in the world. As reported by Cointelegraph Russia is a leader in global Bitcoin (BTC) trading Thanks to your participation in the LocalBitcoins exchange.

End of 2019 Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, He called Russian President Putin “the most influential person in the blockchain space”.

Cointelegraph contacted the electronic voting team’s customer service team for more details. This article will be updated if you reply.