Reconnecting Citizens to Politics via Blockchain - Starting the Debate
Abstract
Elections are not the only but arguably one of the most important pillars for the proper functioning of liberal democracies. Recent evidence across the globe shows that it is not straightforward to conduct them in a free and fair manner. One constant concern is the role of money in politics, more specifically, election campaign financing. Frequent scandals are proof of the difficulties encountered with current approaches to tackle the issue. Suggestions on how to overcome the problem exist but seem difficult to implement. With the help of blockchain technology we might be able to make a step forward. A separate crypto currency specifically designed to pay for costs of political campaigning and advertising could be introduced. Admittedly, at this stage, there are many open questions. However, under the assumption that blockchain technology is here to stay, it is an idea that deserves further exploration.