Blockchains Role in Future Democratic Processes: Liquid Democracy Onchain Voting

As elections approach in the U.S., blockchain technology is becoming more involved in democratic processes. Liquid democracy and onchain voting are gaining attention, with studies showing that 17% of voting power is delegated and smaller token holders are more likely to delegate their votes. Sortition, an ancient practice of delegating decision-making to randomly selected citizens, is also being revived by companies like Meta and OpenAI.

The integration of blockchain in governance offers greater transparency and aligns with the broader trend of decentralization in technology.

Source

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *