West Virginia's Latest Experiment: Blockchain Elections
The 2016 presidential election brought to light just how archaic and vulnerable America’s voting system is, raising questions of how to protect democracy from foreign influences and digital hacks in the future.
Venture capitalist Bradley Tusk thinks blockchain could be the answer.
“Long term, I believe that every American should be able to vote in any election on their phone,” the founder and CEO of Tusk Montgomery Philanthropies told Cheddar Thursday.
Through his foundation, Tusk currently funds America’s first blockchain-powered voting experiment in West Virginia.
In March, the state launched a secure app to enable deployed military voters from a few counties to vote from wherever they are.
“We already have a handful of votes from various locations,” said Mac Warner, West Virginia’s Secretary of State.
“I was in the military and I’ve had those experiences where it’s difficult to vote. Think of the soldier on the hillside in Afghanistan...When they have those few minutes to think about an election back home, they want to vote the same way they order something from Amazon.”
Following this pilot program, the state wants to expand the program ahead of the midterm elections in November.
Tusk says the technology, which is already upending a range of industries from banking to art, provides a safer alternative to the current system.
“Blockchain...really is a much, much, much safer way to conduct elections not only compared to just regular online mobile voting, if someone were to try that, but even compared to the systems we have right now,” said Tusk.
For a military member to vote, the app not only requires details from their government-issued ID cards, but also uses [facial recognition and fingerprint scans](https://cheddar.com/videos/how-does-blockchain-powered-voting-work) to verify a voter’s identity.
“I’m very secure in the integrity of this election process,” sayd Warner.
Tusk, who managed former New York City Mayor Michael Bloomberg’s campaign, believes that low voter turnout leads to increased polarization among candidates and that this technology, though nascent, could in the long-term drastically change that.
“If, all of a sudden, voting was as easy as pulling out your phone and turnout went from 12 percent to 60 percent, then those same politicians would be forced to represent the views of the mainstream.
“To me, that’s the value in doing this. Right now, we don’t have a true represent of democracy,” said Tusk.
Earlier this week, digital investment advisor Betterment announced that it has hired Makara, a company known for its management of cryptocurrency portfolios. Sarah Levy, CEO of Betterment, joins Cheddar News' Closing Bell, where she explains why crypto represents such a promising long-term play and how her company stands to benefit from this latest move.
At-home medical labs company Getlabs raised $20 million in a Series A round, led by Emerson Collective and the Minderoo Foundation. Getlabs aims to be the boots-on-the-ground partner to telehealth. The company says more than 70% of medical decisions still require collecting diagnostic tests in person, and that it fills that void by delivering health care directly to their patients' homes. Founder & CEO of Getlabs Kyle Michelson joined Cheddar News' Closing Bell to discuss.
The White House laid out plans for a $5 billion investment into a national network of charging stations to ease EV driving anxiety. Bruce Brimacombe, CEO of EV infrastructure GOe3 joined Cheddar News to discuss how much needs to be done for drivers to get over the fear of running out of energy. "People need to be able to do what they're doing now," he said. "But that is the way that if you're going to buy an electric car, you got to feel like you're not changing your world." Brimacombe noted that building out the infrastructure between cities was GOe3's own focus.
Sonos reported better than expected Q1 earnings amid chip shortage with the release of its Roam product. CFO Brittany Bagley joined Cheddar News to discuss the smart speaker maker's successful report and its plans to hit its 2024 targets as people leave their homes as pandemic restrictions ease. "Even as people head out in the world, it doesn't mean they don't like to listen to music at home or watch a streaming movie at home," she said. "So there's still a real role for us and our products in peoples lives, sort of, no matter what else they're doing."
Kalle Marsal, Chief Operating Officer at PetDx, joins Cheddar Innovates to discuss how next-generation sequencing technology is being used to detect cancer in pets early.
Ashleigh Hinde, Founder and CEO of WALDO, joins Cheddar Innovates to discuss why now is a good time to make eyecare a priority, and how they are democratizing access to eyecare for all.
On this episode of Cheddar Innovates: WALDO CEO breaks down why now is a good time to make eyecare a priority, and how they are democratizing access to eyecare for all; COO at PetDx explains how next-generation sequencing technology is being used to detect cancer in pets early; Cheddar gets a look at Curiosity Stream's 'Inside The Mind of a Con Artist.'
Cheeze, Inc. is a media platform that hopes to help photographers to tell stories through the use of NFT’s. Simon Hudson, founder and CEO of Cheeze, Inc. joined Cheddar News to explain the process as well as teasing its "Women of Authenticity" display for Women’s History Month. "We've made it very simple and focused very hard on reducing all of the friction to bring their items to the blockchain." Hudson explained. He also addressed reports that cloud software giant Salesforce could be getting into the NFT marketplace.