Blockchain 3.0: Towards a Secure Ballotcoin Democracy through a Digitized Public Ledger in Developing Countries

Abstract

This paper reviews scholarly articles on the application of blockchain technology for secure electronic voting (e-voting). Furthermore, the feasibility of using blockchain technology to replace the existing manual or semi-digitized voting system in developing countries with Nigeria as a case study is performed. To analyse the current state and preparedness of adopting Blockchain Enabled E-voting (BEEV) system in Nigeria, this paper employs the qualitative SWOT (Strengths, Weaknesses, Opportunities, and Threats) and PEST (Political, Economic, Social, and Technological) analysis approach. This evaluation leads us to identify internal and external factors and the strategic direction in adopting BEEV in Nigeria. It is the authors' opinion that this approach could also be tailored to evaluate situations of other developing countries.