The Rise Of Nations

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Traditional governance and jurisdiction systems are due for a long time makeover. It seems like states are tightening their grip on people’s liberties as the population of the globe is growing at an exponential rate. There’s only so much that the traditional organizational model can do. Times change, and if the ruling systems do not, we are bound for a significant clash of ideologies that are historically speaking never end well for all parties involved. With the help of blockchain technology, however, governance models could be morphed into a form worthy of the 21st century.

Bitnation: the new norm?

The Bitnation ecosystem is the first decentralized borderless voluntary Nation or in short DBVN. The project was initiated back in July 2014 when it hosted the first blockchain marriage, blockchain birth certificate, issued refugee emergency IDs, created the first DBVN Constitution poised to be the base for a World Citizenship. At its core stands a blockchain ID system that acts as a Public Notary that currently serves tens of thousands of Bitnation Citizens and Embassies located around the globe.

Their vision is to shift sovereignty from the traditional state model back to the citizen. By considerably reducing competition between citizen for goods and services rendered and increasing the competition between DBVNs that will ultimately improve the quality of the governance systems and ultimately reduce coercion and violence at a macro level.Given the technology stack, you will be able to opt-in such a nation just with the help of your mobile phone.

Pangea Arbitration Token (PAT)

One of the core features of the ecosystem is that users will be able to conduct any traditional governance contract on the immutable ledger system. Professionals will be able to provide arbitration services to solve all sorts of contracts, and they will be rewarded with PAT tokens that are directly correlated with the awarded rating tokens. PAT is an ERC20 based token that is going to leverage the Smart Contracts feature that’s currently a vital part of the Bit Nation system. For the time being the Bit Nation main net is based on the Ethereum blockchain but once the more substantial adoption is achieved the ecosystem will be blockchain agnostic. Thus users will be able to choose their desired underlying blockchain infrastructure.

The team ensures the ICO investors that leading Solidity experts have entirely audited the core PAT code, the DBVN Multisig code and the Bit Nation TSE Contract. The contracts themselves are open source and visible for everyone who wishes to further audit them. The core raised funds in the ICO stage will go towards the initial net development, and to power, the Bit Nation ecosystem as a whole, 30% of the funds will go towards the development of the Jurisdiction as a Service concept that’s going to be at the heart of the Bit Nation ecosystem.

To mitigate the dilution of the token a hard cap of 30 million USD has been set. So if you are interested in joining the new nations of the 21st-century head over to https://bitnation.co/, Telegram, BOUNTY Thread, ANN Thread