Blockchains have also been raised as a potentially efficient solution for voting (Barnes and Brake 2016; Daniel 2015; Osgood 2016). This application has been termed ‘crypto-democracy’ (Davidson et al. 2016). The successful entrepreneurial application of blockchain involves outcompeting existing institutions for solving particular economic problems. Using the institutional possibility frontier (IPF) framework (developed within new comparative economics) we can compare the existing institutions for voting and the electoral process and examine the effect of the introduction of blockchain.