Here’s why you should consider joining the nation of tomorrow: Bitnation!

in #blockchain6 years ago

It’s no secret that the current national system has it’s pitfalls that in the 21st century should not exist anymore. Usually, the country you were born in remains your national identity forever without having the possibility to choose your own. Changing nations is possible, but it is known that the process is created in such a way to discourage such behaviour.

With the current technology, however, these issues should become a thing of the past and give citizens their right to choose the nation they like the most. Bitnation wants to usher in the “internet of sovereignty”, an age where people can create and join completely legal nations that are different from the traditional systems.

bitnation.jpg
Photo credit

1. So what’s the deal with DBVNs?

A DBVN or a Decentralized Borderless Voluntary Nation is a new concept introduced by Bitnation. A new type of nation where citizens can choose to opt-in based on their specific needs and aspirations. The DBVN is an entirely legal form of governance that’s based on the immutable ledger system. Each created nation on the Bitnation ecosystem has a public notary system that can conduct any traditional jurisdiction processes.

By empowering people to create their nations, a shift in the mentality will take place. Whereas in the traditional nations you get “conscripted” in, the countries of tomorrow will compete for their citizens with exciting services and laws that respond directly to their needs, thus creating an unparalleled level of social cohesion.

2. The engine of a Bitnation: the PAT!

Based on the ERC20 infrastructure, the PAT (Pangea Arbitration Token) is going to be the accepted currency of the Pangea ecosystem. The tokens are assigned based on good reputation, issued based on the non-tradable reputation that’s gained by:

  • creating a contract on the platform
  • successfully fulfilling a contract
  • aid the resolution of an agreement or an attached dispute

Reputation was chosen as the base algorithm for the token distribution to avoid gamification techniques where just popularity or attention alone can get you undeserved benefits. A state of the art AI system called Lucy will oversee the distribution of the reputation based tokens with the help of the Smart Contracts feature. With the append-only nature of the platform, users can rest assured that their identity data and personal contracts are stored safely on the blockchain distributed ledger system.

3. A successful system that’s already solving real problems!

Not convinced yet? Well, Bitnation’s system is not just a theoretical concept. In fact, there are already 200 registered nations with legal embassies and consulates counting over 10 000 Bitnation Citizens around the globe. The Blockchain-based Public Notary can issue birth certificates, land titles, loan agreements and other traditional documents released by the current governance systems.

The DBVNs ultimately aim to become decentralised autonomous organisations, a system where the power is brought back to the people without having to appoint rulers that most of the time are biased and not in the best interest of a nation.

You can learn more about the platform at their Website, ANN Thread, BOUNTY Thread and the Telegram.

Sort:  

Its beautiful

wow. really you shared a great thing . nice informative post. even I would like to move from my nation since my nation is not a crypto friendly nation.

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.030
BTC 56544.71
ETH 3000.89
USDT 1.00
SBD 2.17