Bitnation – A Decentralized Blockchain Government
In each state, the quality of governance is a critical matter. People wish to rely on governance, and they are more likely to have confidence in it when decisions are more transparent and accountable. It is also significant because it helps people feel that local government will support their community interests regardless of their divergent opinions. However, there are many countries overwhelmed by corruption today. Unfortunately, this makes people lose their hope in politics leadersand wish they lived in another country with a different type of governance. What is Bitnation aiming to change and what do they propose to solve this problem?
Bitnation is the first Decentralized Borderless Voluntary Nations (DBVN) built on BlockchainBitcoin that encompasses jurisdiction as a service. The Internet of Jurisdiction or Pangea is Bitnation’s platform which aims to work towards the future of governance. With Bitnation, citizens will have the chance to get involved in the local and global challenges, while accessing legal services like peer to peer agreements, contracts, resolving disputes and more. Essentially, it provides people with a set of Do it Yourself governance tools. As our world continues to change and traditions start to fade, many people will prefer to use such platforms instead of centralized services offered by governments for financial reasons, inclusion or to avoid bureaucracy.
Public Notary
The Public Notary of Bitnation has a wide range of purposes such as birth certificates, marriage, loan agreements, company registrations, land titles, etc. Residents will be able to use these notary services to register information on the blockchain. For instance, a couple has already reported that they chose to register their marriageon Bitnation only, without recording it anywhere else.
The business model adopted in this project is based on two sources of income:
- a transaction fee charged by judges, juries, arbitrations who offer their services on Pangea in cryptocurrencies converted in PAT tokens
- a transaction fee charged by miners to timestamp and execute smart contracts and blockchain integration
Team Vision
CEO Susanne Tarkowski Tempelhof founded Bitnation in July 2014, alongside a team of ambitious and experienced entrepreneurs. The idea of this project seems to be inspired by Tempelhof’sbackground who told the Bitcoin Magazine that she's from an international family, and she's always been moving around a lot throughout her life: To me nations and their arbitrary borders always seemed pointless, and I've been thinking about different types of voluntary and competitive governance systems for the last decade or so. (Source: https://bitcoinmagazine.com/articles/qa-ceo-bitnation-1412110033/)
The team wants to empower the next generation of entrepreneurs around the world by implementing this DIY governance tools. As blockchain payments become more popular, this decentralized market adoption will also bring an amazing change in the governance sector.
The Pangea token, called PAT, is an ERC20 compatible in-app token utilized and accumulated through creating or completing contracts, resolving disputes attached. Tokens will be offered through a sale starting from March 25, 2018, and finishing on April 25, 2018.
If you would like to find out more information about this project, visit the official website at https://bitnation.co/ and learn more Pangea App, PAT tokens, and Bitnation citizenship.
BitNation is creating buzz in the current ICO market, as it has a promising timeline and reasonable goals for their ICO rounds. While BitNation was established in 2014, Pangea was their brainchild in 2015.
They have since launched the PAT project, which itself has three sub-tokens under it: Proof of Agreement token, Proof of Nomic token and Proof of Collective token. These three sub-tokens are non-tradeable. In addition to that, PATs are algorithmic tokens, programmed to aide P2P contracts between the users of Pangea platforms.
Bitnation is a self-management platform in a block chain environment. Thanks to the Internet, you can fill out a questionnaire and become a citizen Bitnation. In return you receive a memorable letter with the wish of all the best from staying there.
Bitnation can be found in life, she already has twenty-five embassies and consulates. Those who wish can make an online subscription and gain the status of an ambassador, having formed their own embassy.
Bitnation the same can have many positive sides. She can help people. For example, many refugees have lost passports. Block chain technology will become useful to identify a person who does not have the ability to physically confirm a legal status. With the help of a debit card, you can provide some money that the family needs.
The main goal of the project is the desire to turn the Virtual Nation into a substitute for national states by eroding borders and creating a new world.
I like what they do and I like their ideas and possibilities. I advise everyone to visit their site and make the right decision. Thank you
You talked about a great topic .... Your writing was very good to me. I am waiting for your next post.Tarkowski Tempelhof founded Bitnation in July 2014, alongside a team of ambitious and experienced entrepreneurs. The idea of this project seems to be inspired by Tempelhof’sbackground who told the Bitcoin Magazine that she's from an international family, and she's always been moving around a lot throughout her life
I think it's important for people to start discussing alternative means of self governance. I have been very excited to see all these people on Steemit who see eye to eye with me. I do feel like we are moving towards more self governance.
The world has long waited for this system of governance. World over people have lost faith in their governments with many starting to shun elections as they see no new leader takes up their problems and solves them. With a crypto society developing fast, a system of governance had to be in place. And I believe the birth of bitnation made certain of that thanks to blockchain technology which is now embedded in every field of profession. Looking forward to 5 days from now when the PAT token will be launched.. I believe it's going to be a massive sell out.
@danizaharie I was hoping to ask you if you are interested in Leasing out some of your Steempower to me.
I am currently looking for some.
Please reply
You talked about a great topic .... Your writing was very good to me. I am waiting for your next post.
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This post has received a 4.14 % upvote from @booster thanks to: @danizaharie.