Can blockchain be used for U.S. elections? 

Patrick Byrne, who is widely known as Trump’s major fundraiser during his presidential campaign, has floated the idea of using blockchain technology in the U.S elections. 

Byrne, who is a former chief executive of U.S. online retailer Overstock, said the government should rely only on blockchain or paper ballots, instead of the current system being used for elections. 

Aside from suggesting the possible application of blockchain in elections, he also said it has massive potential to reform Wall Street and shift the “information power” away from Google to the people. 

Blockchain voting: A closer look

Byrne said that blockchain is good for the elections because “it is protected by math that guards cryptography.” 

But Byrne isn’t the only advocate of using blockchain tech in elections. The CEO of Binance, one of the world’s popular crypto exchanges, also suggested that the technology has a big potential to improve voting systems.

But an MIT report released a study that says that implementing blockchain tech on elections could increase the possibility of cyber-security vulnerabilities. 

Major Trump supporter

Byrne’s role as a major Trump supporter didn’t end after the presidential campaign and remained as a big supporter since then. In fact, he even created a non-profit called “American Project” which aims to raise funds to audit the 2020 elections. 

According to him, there is a high possibility that the elections were hacked and written a book titled “The Deep Rig,” a conspiracy theory-centric book discussing the alleged fraud in the elections. 

Byrne has also organized pro-Trump rallies across Florida and Texas to further spread his message of alleged election rigging to the public.


Image courtesy of Cointelegraph News/YouTube

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.