Students at the Indian Institute of Technology Madras (IIT-M), Chennai, held a student council election using blockchain technology which is said to be the first of its kind to be used in the polling process, an official said Thursday. .
Webops and Blockchain Club students from the Center for Innovation (CFI), IIT-Madras, developed the software to conduct the election via blockchain technology.
The blockchain is an immutable and distributed digital ledger. Transactions or ledger records that are stored individually are called a “block,” and the information in one block is usually linked to the information in a previous block. This, over time, forms a chain of transactions, which is referred to by the word blockchain.
Considering the conduct of the election, the Book of Records of India presented the students of IIT-Madras with a record of
‘Blockchain software for student body election.’ “This student-led project has the transformative potential to positively disrupt the course of elections. By harnessing the inherent trust and immutability offered by blockchain technologies, this work demonstrates their impact on the conduct of elections…” said IIT-Madras, Head Professor, Webops and Blockchain Club, Professor Prabhu Rajagopal.
According to officials, some of the key benefits of using blockchain technology for elections include dramatically reducing costs, providing a tamper-proof process that is auditable, and bringing innate trust in the electoral process.