Video Of Day

Breaking News

One Nation, Nether Blockchain...

The persuasion has been called "radical" as well as far fetched - equally most innovative ones accept been.  They telephone proper substantive upwards it "governance 2.0" - a virtual nation, ruled solely via the blockchain.

Meet "Bit Nation" a grouping out to offering services most of us mean value equally beingness government-provided, though their ain blockchain enabled democracy.

So how volition this work? For now, it all functions through their app 'Pangea' - the outset version is genuinely already live.  Here users (or 'citizens') are given an tardily agency anyone tin write smart contracts to the blockchain. As they explain:

"The outset service offered on Pangea lets yous practise as well as bring together a Decentralized Borderless Voluntary Nation (DBVN) amongst a constitution as well as code of constabulary of your choice. Soon novel functions volition move added to allow grouping as well as personal chat, write P2P smart contracts from chat, resolve disputes as well as access governance service DApps. Our automated as well as human reputation as well as arbitration systems likewise equally arbitrator as well as code of constabulary registries volition supply positive incentives for contract compliance, strengthened through a network lawsuit equally Pangea attracts to a greater extent than users"

Now if all of this is sounding nuts - this side past times side component division may blow your mind.  BitNation is working amongst an actual government.

The acre of Republic of Estonia has around pretty lax rules on duel citzienship, well-nigh anyone tin apply as well as move granted it. They as well as thus expanded it as well as launched what they telephone proper substantive upwards the 'e-Residency program' where right away this procedure tin move done online, without e'er having to laid pes into the country.

The programme offers anyone, anywhere, a digital identity issued past times the Estonian authorities as well as the possibility to begin as well as operate a concern online nether Estonian regulations. BitNation is helping to facilitiate these services beingness provided.

“I personally mean value it’s global apartheid that people are restricted of their lifestyle choices or liberty of displace only because of where they were arbitrarily born, because of a slice of paper, a passport that gives them permission or non to displace somewhere” said founder When Susanne Tarkowski Tempelhof, speaking at the outset e'er BitNation sanctioned wedding.

Their token, PAT (an ERC20 token) goes on sale side past times side week. The PAT token functions equally proof-of-reputation for Citizens, issued when Citizens practise a contract, successfully consummate a contract or resolve a dispute attached to a contract.

Full information at: https://tse.bitnation.co

----------------
Author: Oliver Redding
Seattle News Desk


No comments