Power Voting

Power Voting dApp utilizes timelock based on smart contract technology to achieve fair and private voting. Before the voting deadline, no one’s voting results will be seen by others, and the voting process will not be disturbed by other participant’s voting results. After the voting deadline, anyone can count the votes in a decentralized manner, and the results of the counting will executed and stored by smart contract and will not be manipulated by any centralized organization or individual.

Power Voting dApp aims to become the infrastructure of DAO governance.

1. Problem: In the community voting process governed by DAO, since the voting data of other community members can be seen before the vote counting time, the community members will be affected by the existing voting data before voting, and some members will even take advantage of a large number of voting rights in their hands to vote at the end of the voting process to make the voting results are reversed, resulting in unfair voting.

In the centralized voting process, since the vote counting power is in the hands of the centralized organization, it will cause problems such as vote fraud and black box operation of vote counting, resulting in the voting results being manipulated by others, which cannot truly reflect the wishes of the community.

1. Solution Power Voting dApp stores voting information on the blockchain, and all voting operations are executed on the chain, which is open and transparent.

When community members vote, they use the timelock technology to lock the voting content, state changes related data can be indexed by subgraph from the graph, and voting content cannot be viewed until the voting expiration time reaches, so that no one can know the voting information of other members before voting expiration time reaches.

After the counting time arrives, any voting participant can initiate a vote count without being affected by any centralized organization.