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.
The streaming giant Netflix posted its latest earnings from its fourth quarter after the close on Thursday. The company's stock plummeted shortly after the company warned that its rate of subscription additions are slowing down. Senior Reporter at MarketWatch Jon Swartz, joined Cheddar to discuss more.
Revenue operations platform Clari recently raised $225 million in a Series F financing round led by Blackstone, bringing the company's valuation to more than $2.6 billion. Calri says more than 450 companies from around the world use its A.I.-powered platform to make their revenue operations more connected, efficient, and predictable. Clari CEO Andy Byrne joined Cheddar News' Closing Bell to discuss.
Technology company Unity announced it has acquired Ziva Dynamics. Marc Whitten, SVP & GM, Create at Unity, joins Cheddar News' Closing Bell, where he discusses how this move will help his company democratize real-time character creation.
AT&T announced it's offering two tiers of high-speed internet, 2 gigs, and 5 gigs, to its fiber customers in more than 70 metro regions. AT&T Consumer CEO Thaddeus Arroyo joined Cheddar to talk about the newly available speed upgrades for 5.2 million of its customers, and where the rollout goes from here. "Over the course of 2022, we'll rapidly continue to retrofit the rest of the base," he said. "And importantly now is, as we build-out, we've talked about building out to cover 30 million homes and businesses by the end of 2025, we're going to continue to ensure that every new location that we stand up has this multi gig capability."
Autonomous driving tech company Waymo is partnering with transportation and logistics business J.B. Hunt. The two firms are teaming up to bring autonomous shipping to the highways. Head of commercialization for trucking at Waymo, Charlie Jatt, joined Cheddar to discuss how the companies are combining their strengths. "We, of course at Waymo, are working on the technology side of affairs, and J. B Hunt brings critical operational and commercial expertise," Jatt said. "And together we're going to work to deploy the first fully autonomous Class 8 truck hauling goods for one of their customers in the coming years in Texas."
As companies look toward the metaverse concept to further move their companies online, Shep Ogden, CEO and co-founder of Offbeat Media, spoke with Cheddar about questions investors should be posing to businesses like how customized the metaverse experience will be. "One of the best things that people can do, or companies can do, to be competitive is really find those influencers within the community that are very deep in the space," Ogden added.
