This document proposes developing a blockchain-based voting system to address security, transparency, and trust issues with current systems. It would use a decentralized network of nodes to record immutable votes on the blockchain, giving voters a digital identity and encrypting votes. Smart contracts would ensure voting integrity. The system aims to be secure, transparent, trustworthy, accessible, efficient and reduce fraud. It would generate revenue from licensing and transaction fees. Funding is being sought to cover development, marketing and operations.

1. Blockchain-Based Voting
System
Syndicate Group 1

2. Introduction
• Mission
• To revolutionize the voting process
by leveraging the power of
blockchain technology.
• We are seeking funding to
develop and implement a secure,
transparent, and trustworthy
platform for conducting
elections.

3. Problem Statement
• The current voting systems suffer
from security vulnerabilities, lack of
transparency, and trust issues.
• Election fraud, manipulation, and
hacking are major concerns
undermining the integrity of the
democratic process.
• The innovation gap lies in
improving the security,
transparency, and trustworthiness
of voting systems.

4. Solution
• To develop a decentralized node for
online voting using blockchain
technology.
• Security and transparency can be
ensured by leveraging the
immutable and transparent nature
of blockchain.
• The use of blockchain technology
will address concerns related to the
accuracy and transparency of
voting systems.

5. How It Works
We will develop a blockchain-
based voting platform using a
decentralized network of nodes.
Each vote will be recorded on the
blockchain, ensuring
immutability and transparency.
Voters will have a unique digital
identity, and their votes will be
encrypted for security.
Smart contracts on a blockchain
platform like Ethereum 2.0 will
ensure the integrity of the voting
process.

6. Key Features
• Security:
• The immutability of blockchain technology ensures that votes are secure and
tamper-proof.
• Transparency:
• The transparent nature of blockchain allows for verification and auditing of
the voting process.
• Trustworthiness:
• By eliminating the need for intermediaries, the system instils trust in the
electoral process.
• Accessibility:
• The online platform makes voting convenient and accessible for all eligible
voters.
• Efficiency:
• Reduces administrative overhead and speeds up the counting process.

7. Market Opportunity
• The global electoral market is
expanding, with a growing demand for
secure and transparent voting
systems.
• Governments, organizations, and
institutions are actively seeking
innovative solutions to address the
flaws in existing voting systems.
• We aim to capture a significant market
share by offering a cutting-edge
blockchain-based voting platform.

8. Business Model
• Our revenue model will be based
on licensing fees and transaction
fees for using our blockchain-
based voting system.
• We will also offer additional
services such as voter
verification and data analytics,
generating additional revenue
streams.

9. Competitive Advantage
• Security
• Blockchain technology ensures the integrity and
immutability of votes, reducing the risk of fraud.
• Transparency
• The transparent nature of blockchain allows for
independent verification and auditing.
• Trust
• By eliminating intermediaries, trust is instilled in
the electoral process.

10. Roadmap
Phase 1
•Research and
Development
1
Phase 2
•Pilot Testing and
Validation
2
Phase 3
•Deployment and
Implementation in
selected markets
3
Phase 4
•Expansion into new
markets and scaling
the platform
4

11. Funding Requirements
We are seeking funding to cover
the development, marketing,
and operational costs of our
blockchain-based voting system.
The funding will be used to hire
additional talent, conduct pilot
testing, and scale the platform.