bitcoin‘s Role in Verifying Guatemala’s Presidential Elections

Recently, a new documentary has emerged, shedding light on how bitcoin, beyond its conventional function as a digital currency, played a pivotal role in validating Guatemala’s most recent presidential elections.

The documentary, titled “Immutable Democracy,” delves into the innovative use of OpenTimestamps, a tool developed by bitcoin Core developer Peter Todd, and implemented by Guatemalan tech startup, Simple Proof.

OpenTimestamps employs cryptographic timestamps on the bitcoin blockchain, ensuring the immutability of crucial documents pertaining to the country’s elections. This approach, leveraging hash functions and decentralized blockchain technology, provides a robust defense against fraud and tampering.

OpenTimestamps: Cryptographic Timestamping on the bitcoin Blockchain

The documentary provides a detailed explanation of OpenTimestamps, elucidating how it cryptographically timestamps data into the bitcoin blockchain. By anchoring information to a specific block, the tool ensures that tens of thousands of network nodes can autonomously verify the existence and timing of the timestamp.

Guatemala, grappling with a history of political corruption, embraced Simple Proof’s Immutable Backup solution to fortify the electoral process.

Rafael Cordón, co-founder of Simple Proof, highlighted the application of OpenTimestamps in recording proofs of documents on the bitcoin blockchain in a tamper-evident manner. This method not only safeguards official election documents but also shields against artificial intelligence and disinformation.

Transparency and Accountability in Guatemala’s Elections

Guatemala’s citizens now have access to a dedicated web portal that allows them to verify the timestamp proofs of each tally sheet used in the election. While the setup doesn’t guarantee the validity of each sheet, it provides transparency by enabling citizens to independently verify when each tally sheet was timestamped.

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This transparency becomes crucial in identifying potential anomalies, such as sheets timestamped significantly later than the expected timeframe.

“The only acceptable election is something where anyone can verify and be a part of that process, and the beauty of paper is to [give] it integrity, you just need a whole lot of eyes from a whole lot of observers,” Todd added.

The Role of bitcoin in Dispelling Election Fraud Claims

The documentary emphasizes bitcoin‘s role in dispelling claims of election fraud following the unexpected victory of President-elect Bernardo Arévalo, underscoring how increased transparency and accountability can be brought to elections worldwide through innovative technology.





### News source: bitcoinmagazine.com

By Team