Breaking

Monday, March 19, 2018

One nation, under blockchain...

The idea has been called "radical" and far fetched - as most innovative ones have been.  They call it "governance 2.0" - a virtual nation, ruled entirely via the blockchain.

Meet "Bit Nation" a group out to offer services most of us think as being government-provided, though their own blockchain enabled democracy.

So how will this work? For now, it all functions through their app 'Pangea' - the first version is actually already live.  Here users (or 'citizens') are given an easy way anyone can write smart contracts to the blockchain. As they explain:

"The first service offered on Pangea lets you create and join a Decentralized Borderless Voluntary Nation (DBVN) with a constitution and code of law of your choice. Soon new functions will be added to allow group and personal chat, write P2P smart contracts from chat, resolve disputes and access governance service DApps. Our automated and human reputation and arbitration systems as well as arbitrator and code of law registries will provide positive incentives for contract compliance, strengthened through a network effect as Pangea attracts more users"

Now if all of this is sounding nuts - this next part may blow your mind.  BitNation is working with an actual government.

The nation of Estonia has some pretty lax rules on duel citzienship, almost anyone can apply and be granted it. They then expanded it and launched what they call the 'e-Residency program' where now this process can be done online, without ever having to set foot into the country.

The program offers anyone, anywhere, a digital identity issued by the Estonian government and the possibility to start and operate a business online under Estonian regulations. BitNation is helping to facilitiate these services being provided.

“I personally think it’s global apartheid that people are restricted of their lifestyle choices or freedom of movement just because of where they were arbitrarily born, because of a piece of paper, a passport that gives them permission or not to move somewhere” said founder When Susanne Tarkowski Tempelhof, speaking at the first ever BitNation sanctioned wedding.

Their token, PAT (an ERC20 token) goes on sale next week. The PAT token functions as proof-of-reputation for Citizens, issued when Citizens create a contract, successfully complete a contract or resolve a dispute attached to a contract.

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

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