Tuesday, October 22, 2024

Bitcoin SV Blockchain Fraud-Proof Voting System: Patented?

Bitcoin SV Blockchain Fraud-Proof Voting System: Patented? 

Summary of Patent US20240028702A1 and Related Earlier Patents


The patent US20240028702A1, titled "Blockchain Implemented Counting System and Method for Secure Voting and Distribution," represents a significant advancement in election technology developed by nChain. This innovation traces its origins to United Kingdom patent applications filed in February 2016, demonstrating nChain's long-term commitment to blockchain voting technology. The system combines blockchain technology with off-chain computing resources to enable complex, Turing-complete functionality while maintaining blockchain security. It facilitates fair and pseudo-anonymous voting, creating an immutable, tamper-proof audit trail on the blockchain. The invention utilizes a secret exchange protocol for secure token distribution to voters and employs the blockchain as a "non-erasable tape" in a Turing machine model. This approach addresses the limitations of Bitcoin's non-Turing complete scripting language while avoiding the security vulnerabilities associated with fully Turing-complete systems like Ethereum. Vote counts are stored directly in blockchain transactions or the alternate stack, providing a permanent, verifiable record of the voting process and results. The system preserves the benefits of limited scripting languages, such as predictable execution and protection against denial-of-service attacks, while enabling more complex applications. This patent series represents a potential solution for secure, transparent, and efficient future elections, balancing the need for complex functionality with robust blockchain security.

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