Most procedures are now centralized, licensed by the critical authority, controlled, measured, and monitored in an electronic voting system, which is a problem for a transparent voting process in and of itself. Blockchain technology offers a decentralized node for online voting or electronic voting. Distributed ledger technologies such as blockchain should be used to produce electronic voting system. Vote: This is a complex digital voting solution that allows to conduct elections at any level it can be the elections of a country level: at government organizations plus it can be applied inside small organizations in general.

1. Chinmay Paradkar
21020741092
Vaishnavi
21020741113
Tanat Mohapatra
21020741079
Shankruth Verma
21020741133
Harender Singh
21020741099
Shubham Pawar
21020741120
Shivang Gesota
21020741140
Start-up Idea, What's in your mind?
Digital voting system, complete solution for
election, increase turnout & ensure legitimacy
BLOCKCHAIN
PROJECT
GP
04

2. Poor
Transparency
Compromised
Secrecy
Lack of
Privacy
Absence of
Fairness
Over
Authority
Lack of
Anonymity
Most procedures are now centralized, licensed by the critical authority, controlled, measured, and monitored in an
electronic voting system, which is a problem for a transparent voting process in and of itself.
We should
Blockchain technology offers a decentralized node for online voting or electronic voting.
Distributed ledger technologies such as blockchain should be used to produce electronic voting system.

4. Vote is a blockchain-based online voting platform backed with underlying crypto algorithms.
Vote’s mission is to change the way people vote
Affordable
reduces election
costs
Tension-less
Eliminating violence
caused by questionable
results.
Anonymity
blind signature
mechanism
Real-time
results
Customizable to the
needs of the party
adaptable to the needs of customers
Convenient
access to voting
vote from
anywhere, at any
time, using any
device
Security
encryption to
keep the
intermediate
voting results
secret
Voting
observation tool
able to verify the
correctness of the
recording and
counting of votes
Tamper-Proof
cannot be altered
by third party
Voters can
participate in a
modern, convenient
and fair way
Develop software and electronic voting
equipment to solve your election
problems fast.
Blockchain-based
cloud solution
Thanks to its decentralized structure, a
blockchain is an ideal system for online voting.
Service and
Maintenance
Technical support at every stage of your
election and guide for the voting machines.
Voting
Machines
A machines operate in a single blockchain
network

5. Sets up a voting
A vote is encrypted
encrypted
encrypted
Follow the voting
process online
Vote remotely online
Vote on digital poling booth
Result
Votes decrypted
and calculated
Voters
Voters
Start Organizer
Finish
Encrypted key
holder
Organizer
Observer
This is a complex digital voting solution that allows to conduct elections at
any level it can be the elections of a country level: at government organizations
plus it can be applied inside small organizations in general.
Several applications to be developed
First is the organizer web application
that allows the organizers to set up and
manage your voting securely.
Web application for observation that
allows for specific entities or election
commission to monitor the elections
Secondly there are voters, for them
voter web/mobile application is to be
developed.
Process Architecture
Components
Required
Service
Layer
(for user
authentication,
infrastructure
for sending
notifications,
etc.)
Library
To provides
abstraction layer
over blockchain
communication
protocol
Blockchain
platform

6. Political leaders and
entities who have
profited from the
current voting system
due to a lack of
transparency.
04
Authorities
Resistance
Appropriate energy-
efficient consensus
methods are a need for
blockchain-based
electronic voting.
03
Energy
Efficiency
The scaling capability
will get complex with
increasing size. In a
country like India -
enormous amount of
data is there to handle.
02
Scalability
Its intricacy makes it
difficult for blockchain
to gain public
acceptance. It’s
important to win
people’s trust.
01
Acceptance
Online Voting
Platforms
Framework Language
Cryptographic
Algorithm
Consensus
Protocol
Main Features
(Online Blockchain Voting System)
Audit Anonymity
Verifiability
by Voter
Integrity Accessibility Scalability
Accuracy/
Correctness
Affordability
Follow My
Vote
Bitcoin C++/Python ECC PoW X X X X X 7 X X
Voatz
Hyperledger Fabric
Private/local
Go/JavaScript AES/GCM PBFT X X X X X 7 X X
Polyas Blockchains NP ECC PET X X X X X 7 X NA
Luxoft HyperledgerFabric Go/JavaScript ECC/ElGamal PBFT X X X X X 7 X X
Polys Ethereum Solidity Sharing PoW X X X X X 7 X X
Agora Bitcoin Python ElGamal BFT-r X X X X X 7 X X

7. Assumptions:
1. Teams take a 12-month time to develop and integrate these use cases.
2. A team of 11 consisting (of 5 developers, 4 for integration, and 2 consultant.)
3. Team Salary (Developers-2000000 ctc, Integration-1300000 ctc, and Consultant-3000000 ctc)
Company Data Rate
Required rate of return 10%
Tax rate 30%
Development Costs involved for use cases YEAR 2023 2024 2025
Development team salaries ₹ 1,00,00,000.00
Integration team ₹ 52,00,000.00
Consultant fees ₹ 60,00,000.00
Total Initial Investments ₹ 2,12,00,000.00
Assumptions:
1. We get 200 customers; we can provide service with improved traceability and transparency.
2. 30 new client-transaction for 1st year, 50 new clients for 2nd year, and 70 new clients for 3rd year.
3. They will charge 100000 more for the implantation for each customer transaction
Benefits from Blockchain YEAR 2023 2024 2025
Direct Sales ₹ 2,00,00,000.00 ₹ 2,30,00,000.00 ₹ 2,80,00,000.00
New customer sales ₹ 30,00,000.00 ₹ 50,00,000.00 ₹ 70,00,000.00
Total Benefits ₹ 2,30,00,000.00 ₹ 2,80,00,000.00 ₹ 3,50,00,000.00

8. Assumptions:
1. Customer support team of 1 for first year, 2 for second year and 3rd year. (400000 per year)
2. Companies should spend 8% of their total revenues on marketing.
Costs (Excluding Initial Capital Investments) YEAR 2023 2024 2025
Project management, customer support ₹ 4,00,000.00 ₹ 8,00,000.00 ₹ 8,00,000.00
Marketing Expenses ₹ 1,00,000.00 ₹ 1,00,000.00 ₹ 1,00,000.00
Other Expenses ₹ 50,000.00 ₹ 50,000.00 ₹ 50,000.00
Depreciation on capital expenditures (calculation uses three-year period) ₹ 70,66,666.67 ₹ 70,66,666.67 ₹ 70,66,666.67
Total Costs ₹ 76,16,666.67 ₹ 80,16,666.67 ₹ 80,16,666.67
Totals YEAR 2023 2024 2025
Net Benefits (Costs) ₹ 1,53,83,333.33 ₹ 1,99,83,333.33 ₹ 2,69,83,333.33
Tax ₹ 46,15,000.00 ₹ 59,95,000.00 ₹ 80,95,000.00
Value after tax ₹ 1,07,68,333.33 ₹ 1,39,88,333.33 ₹ 1,88,88,333.33
Depreciation added back ₹ 70,66,666.67 ₹ 70,66,666.67 ₹ 70,66,666.67
Cash flow ₹ -2,12,00,000.00 ₹ 1,78,35,000.00 ₹ 2,10,55,000.00 ₹ 2,59,55,000.00
Cumulative cash flow ₹ -2,12,00,000.00 ₹ -33,65,000.00 ₹ 1,76,90,000.00 ₹ 4,36,45,000.00
Evaluation Metrics Values
Net present value (NPV) ₹ 3,19,14,838.47
Internal rate of return (IRR) 78.32%
Payback period (in years) 1.16
Accurate ROI of 150.5% *with above state assumptions

9. Framework Year Release Generation Time Hash Rate Transactions Per Sec
Cryptographic
Algorithm
Mining
Difficulty
Power
Consumption
Reward/
Block
Scalability
Bitcoin 2008 9.7min 899.624Th/s 4.6max7 ECDSA
High(around
165,496,835,118)
Very High 25BTC VeryLow
Ethereum 2015 10to19s 168.59Th/s 15 ECDSA High(around10,382,102) High 5ether Low
Hyperledger 2015 10ms NA 3500 ECC Nominingrequired Very Low
No built-in
cryptocurrency
Good
Litecoin 2011 2.5min 1.307Th/s 56 Scrypt Low55,067 Moderate 25LTC Moderate
Ripple 2012 3.5s NA 1500 RPCA No mining required Very Low Base Fee Good
Dogecoin 2013 1min 1.4Th/s 33 Scrypt Low21,462 Low 10,000Doge Low
Peercoin 2012 10min 693.098Th/s 8 Hybrid Moderate(476,560,083) Low 67.12PPC Low
it is crucial to understand that blockchain-based technology is
still in its infancy as an electronic voting option.
As a result, electronic voting systems should initially be
implemented in limited pilot areas before being expanded.
Scalability
attacks
Blockchain
utilizes
pseudonyms
Reliance on
untrustworthy
systems
Resistance to
compulsion

10. CREDITS: This presentation template was created by Slidesgo,
including icons by Flaticon, infographics & images by Freepik and
illustrations by Stories
Do you have any questions?
Thanks
harender.singh@siom.in
+91 9812969049
Connect with us:

11. 1. https://qrius.com/how-can-blockchain-change-the-way-we-vote-in-elections/
2. https://www.researchgate.net/publication/337108608_Rendering_Untampered_E-Votes_Using_Blockchain_Technology
3. https://www.geeksforgeeks.org/decentralized-voting-system-using-blockchain/
4. https://www.mdpi.com/1424-8220/21/17/5874/pdf
5. https://www.researchgate.net/publication/337108608_Rendering_Untampered_E-Votes_Using_Blockchain_Technology
6. https://link.springer.com/chapter/10.1007/978-3-030-32150-5_69
7. https://www.investopedia.com/news/how-blockchain-technology-can-prevent-voter-fraud/
8. https://qrius.com/how-can-blockchain-change-the-way-we-vote-in-elections/
9. https://dl.acm.org/doi/10.1145/3349266.3351386
10. https://followmyvote.com/blockchain-voting-the-end-to-end-process/
11. https://ieeexplore.ieee.org/document/9509561
12. https://www.researchgate.net/publication/321947971_Decentralized_E_Voting_Systems_Based_on_the_Blockchain_Technology
13. https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3648870_code4274500.pdf?abstractid=3648870
14. https://www.researchgate.net/publication/339292454_The_Future_of_Electronic_Voting_System_Using_Blockchain
15. https://iopscience.iop.org/article/10.1088/1757-899X/993/1/012103/pdf
16. https://www.sciencedirect.com/science/article/pii/S1877050918318271
17. http://homepage.cs.uiowa.edu/~dwjones/voting/taubate.html
18. https://voatz.com/, https://followmyvote.com/,
References:

12. Cost Benefit Analysis
Company Data Rate
Required rate of return 10%
Tax rate 30%
Assumptions:
1. Teams take a 12-month time to develop and integrate these use cases.
2. A team of 11 consisting (of 5 developers, 4 for integration, and 2 consultant.)
3. Team Salary (Developers-2000000 ctc, Integration-1300000 ctc, and Consultant-3000000 ctc)
Development Costs involved for use cases YEAR 2023 2024 2025
Development team salaries ₹ 1,00,00,000.00
Integration team ₹ 52,00,000.00
Consultant fees ₹ 60,00,000.00
Total Initial Investments ₹ 2,12,00,000.00
Assumptions:
1. Already we have 200 customers, we can provide service with improved tracibility and transparency.
2. 30 new client-transaction for 1st year, 50 new clients for 2nd year, and 70 new clients for 3rd year.
3. They will charge 100000 more for the implemtation for each customer transaction
Benefits from Blockchain YEAR 2023 2024 2025
Direct Sales ₹ 2,00,00,000.00 ₹ 2,30,00,000.00 ₹ 2,80,00,000.00
New customer sales ₹ 30,00,000.00 ₹ 50,00,000.00 ₹ 70,00,000.00
Total Benefits ₹ 2,30,00,000.00 ₹ 2,80,00,000.00 ₹ 3,50,00,000.00
Assumptions:
1. Customer support team of 1 for first year, 2 for second year and 3rd year. (400000 per year)
2. B2B SaaS companies should spent 8% of their total revenues on marketing.
3. 15000 trips per customer, and avg 3 transactions per trip accounting as per 1.49
Costs (Excluding Initial Capital Investments) YEAR 2023 2024 2025
Project management, customer support ₹ 4,00,000.00 ₹ 8,00,000.00 ₹ 8,00,000.00
Marketing Expenses ₹ 1,00,000.00 ₹ 1,00,000.00 ₹ 1,00,000.00
Other Expenses ₹ 50,000.00 ₹ 50,000.00 ₹ 50,000.00
Depreciation on capital expenditures (calculation uses three-year period) ₹ 70,66,666.67 ₹ 70,66,666.67 ₹ 70,66,666.67
Total Costs ₹ 76,16,666.67 ₹ 80,16,666.67 ₹ 80,16,666.67
Totals YEAR 2023 2024 2025
Net Benefits (Costs) ₹ 1,53,83,333.33 ₹ 1,99,83,333.33 ₹ 2,69,83,333.33
Tax ₹ 46,15,000.00 ₹ 59,95,000.00 ₹ 80,95,000.00
Value after tax ₹ 1,07,68,333.33 ₹ 1,39,88,333.33 ₹ 1,88,88,333.33
Depreciation added back ₹ 70,66,666.67 ₹ 70,66,666.67 ₹ 70,66,666.67
Cash flow ₹ -2,12,00,000.00 ₹ 1,78,35,000.00 ₹ 2,10,55,000.00 ₹ 2,59,55,000.00
Cumulative cash flow ₹ -2,12,00,000.00 ₹ -33,65,000.00 ₹ 1,76,90,000.00 ₹ 4,36,45,000.00
Evaluation Metrics Values
Net present value (NPV) ₹ 3,19,14,838.47
Internal rate of return (IRR) 78.32%
Payback period (in years) 1.16