Overstock.com Touts Blockchain Voting Solution Ahead of Controversial U.S. Presidential Election

Overstock.com Promotes Blockchain Voting Solution Ahead of U.S. Presidential Election

As the U.S. presidential election approaches, Overstock.com is once again highlighting its blockchain voting solution as a way to address concerns over vote counting and mail-in ballot fraud. Overstock chief Jonathan Johnson recently spoke to investors about the potential of blockchain technology in securing the voting process.

Johnson, who also serves as president of Overstock’s blockchain investments subsidiary Medici Ventures, pointed to the mobile voting app Voatz as a prime example of how blockchain can be used to protect users’ votes. Voatz, backed by Medici Ventures, has been used in absentee voting in 29 counties across the country, with more partnerships in the works.

With the upcoming election expected to be contentious and potentially drawn out, Johnson sees an opportunity for Voatz to play a larger role in ensuring the integrity of the voting process. However, concerns have been raised about the app’s cybersecurity measures, with MIT security researchers criticizing its safeguards earlier this year.

Despite these challenges, Overstock and Medici Ventures remain optimistic about the potential of blockchain technology in revolutionizing the voting process. As the election draws near, all eyes will be on the effectiveness of Voatz and other blockchain-based voting solutions in addressing the current challenges facing the electoral system.