Election dilemma: Putting data on blockchain doesn’t mean it’s correct

The oracle must be able to check the validity of the data — and, therefore, of the source of the information itself — and provide data on a wide range of events from the real world. In a conversation with Cointelegraph, Alice Corsini, chief operating officer at Provable Things — a platform that develops decentralized solutions, including oracles — agreed that when it comes to sensitive operations like political elections, it's key for anyone to be able to verify the authenticity of data managed by oracles: “On this extent, oracles can adopt security technologies such as Trusted Computing for enabling data-authenticity verification and making the process transparent.”.

Speaking on the use of data published by the AP, Waves Enterprise’s Kalikhov suggested that although blockchain is already being used in national elections, this specific project does not bring real blockchain-based value to the voting process, as it’s only about fixing results in an immutable environment: “In case of oracle approach we still rely on traditional methods of vote collection and keeping vote secrecy before data gets to blockchain.” Kylin Network, a provider of decentralized oracles that recently received a Web 3.0 grant for building data infrastructure, offered to solve the problem of trustworthy data sources by collecting information about a particular event from indirect sources.

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