A technology will allow “secret” voting in DAOs

Key facts:
  • The implementation is developed by the company Snapshot.

  • Platforms like PancakeSwap, Uniswap and Aave use Snapshot services.

A new technology will allow decentralized autonomous organization (DAO) voting to hide the results until the process is complete. This is intended to prevent voters from being influenced by other people’s decision.

The “blind voting” is developed by the Snapshot Labs company in association with the Shutter Network firm, and tries to make voting more transparent. The developers aim to avoid what they describe as “the tyranny of the masses”in which, when there is a trend on a vote, voters change their intention to vote.

With the proposal, each vote will be secret during the process. Only after voting is over will the votes be revealed.thus maintaining the transparency system that currently works within the DAOs, in which each vote is public and auditable.

The function, according to highlights The Block medium —which spoke with the developers— is in the final stages of development of its closed beta. It would be released in the next few days.

Although it is an independent development, Snapshot is currently used by more than 8 thousand DAOs from different networks. These include platforms such as PancakeSwap, Ethereum Name Service (ENS), Uniswap, and Aave.

If the activation of this new technology is finally approved, the DAOs could have secret votes through the Snapshot platform. The option of “shielded voting” will be completely optional for each DAO.

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