Blockchain Voting Will Determine Vladimir Putin's Presidential Fate

Russia's upcoming e-voting on the Constitutional amendments will be implemented using blockchain technology.

Moscow citizens will be able to cast their votes on Vladimir Putin's Constitutional amendments online via blockchain-powered e-voting.

Scheduled to take place from June 25 to June 30, the e-voting will be implementing blockchain technology to "Ensure security and transparency." As officially announced, blockchain will help to anonymize and encrypt each vote to provide safety and immutability of data.

As a blockchain network "Does not have a single server," the chain is "Almost impossible to hack," the official announcement says.

"The safety and transparency of electronic voting will be ensured by blockchain technology. Such a network does not have a single server: in order to change the information regarding bulletins, it is necessary to obtain the approval of most network participants, so the chain is almost impossible to hack. The vote itself is anonymized and encrypted."

In the announcement, the Moscow government did not specify what kind of blockchain technology exactly is going to be deployed during the vote.

The authority also did not mention any company assisting in implementing the technology for the voting process.

If Russian people vote against the amendments, Putin will finally have to leave his Presidential post in 2024.

The Russian President may rule the fate of one of the biggest cryptocurrency and blockchain markets worldwide.

In late 2019, Changpeng Zhao, CEO of the world's largest crypto exchange, Binance, called Russian President Putin "The most influential person in the blockchain space."