On the Use of Financial Data as a Random Beacon

In standard voting procedures, random audits are one method for increasing election integrity. In the case of cryptographic (or end-to-end) election verification, random challenges are often used to establish that the tally was computed correctly. In both cases, a source of randomness is required. In two recent binding cryptographic elections, this randomness was drawn from stock market data. This approach allows anyone with access to financial data to verify the challenges were generated correctly and, assuming market fluctuations are unpredictable to some degree, the challenges were generated at the correct time.

Provided by: University of Washington School of Public Health & Community Medicine Topic: Big Data Date Added: Jun 2010 Format: PDF

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