An unofficial referendum pursued by the Venezuelan opposition chief Juan Guaidó occurred over the weekend in Venezuela powered by a blockchain platform, whereas on the similar time, parliamentary elections known as by the president Nicolás Maduro additionally had its state of affairs in a extensively criticized, certified by many nations as a “fraud.”
Venezuela’s Guaidó Orchestrated Parallel Referendum through Blockchain Platform
In line with Spanish media outlet ABC, over 6.5 million Venezuelans forged their votes through Voatz, a U.S. blockchain-powered platform used for democracy-related functions, the place residents had been requested to resolve whether or not or not Maduro ought to resign or not, and in addition restore worldwide relations “to deal with the humanitarian disaster and rescue democracy.”
Voatz supplied the likelihood to forged votes through a cellular app from December 7 to 11 and thru Telegram, a chat app extensively used among the many crypto group. Additionally, individuals can take part on-site in chosen places throughout the nation and abroad.
Such a platform has been beforehand utilized by authorities in West Virginia, Colorado, and Utah, however has additionally been the topic of controversy on account of considerations about its security.
Guaidó determined to orchestrate the parallel referendum on account of his boycott of what he known as a “widescale fraud” over the weekend. Maduro’s administration took management of the Nationwide Meeting, which claimed victory by 70%, though many nations dispute such a determine.
Emilio Graterón, a coordinator of the political command of the unofficial referendum, commented in regards to the safety introduced by the platform and the way individuals may really feel secure that their identification shouldn’t be in danger to finish within the arms of Maduro’s authorities:
The method is dependable, and the individuals who participated in-site at this time [on Saturday] have their identification protected. There is not going to be any hint of participation, they usually can relaxation assured about it. All notebooks and ballots can be destroyed instantly when the totalization transmission is full.
Venezuelan Opposition and Crypto Group
The truth that Guaidó is endorsing blockchain to pursue electoral processes shouldn’t be a stunning transfer among the many crypto group.
On November 20, 2020, stablecoin issuer Circle expressed its assist to the Venezuelan opposition chief, even referring to him because the “President-elect.”
In the identical announcement, the corporate stated that in collaboration with US-based fintech innovator Airtm, and coordination with the US authorities, they might supply “Guaidó’s authorities” their assist through a fund leveraged by USDC.
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