An unofficial referendum pursued by the Venezuelan opposition chief Juan Guaidó befell 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 broadly criticized, certified by many international locations as a “fraud.”
Venezuela’s Guaidó Orchestrated Parallel Referendum through Blockchain Platform
According to Spanish media outlet ABC, over 6.5 million Venezuelans solid 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 handle the humanitarian disaster and rescue democracy.”
Voatz supplied the chance to solid votes through a cell app from December 7 to 11 and thru Telegram, a chat app broadly used among the many crypto neighborhood. Also, individuals can take part on-site in chosen areas 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 attributable to considerations about its security.
Guaidó determined to orchestrate the parallel referendum attributable to his boycott of what he known as a “widescale fraud” over the weekend. Maduro’s administration took management of the National Assembly, which claimed victory by 70%, though many international locations 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 id shouldn’t be in danger to finish within the fingers of Maduro’s authorities:
The course of is dependable, and the individuals who participated in-site at this time [on Saturday] have their id protected. There is not going to be any hint of participation, and so they can relaxation assured about it. All notebooks and ballots will likely be destroyed instantly when the totalization transmission is full.
Venezuelan Opposition and Crypto Community
The proven fact that Guaidó is endorsing blockchain to pursue electoral processes shouldn’t be a stunning transfer among the many crypto neighborhood.
On November 20, 2020, stablecoin issuer Circle expressed its help 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 help through a fund leveraged by USDC.
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