National Revolution!
The need for an upgrade to the national system and the way we govern our states is resounding today more than ever. With increasingly more complex problems that plague our society, we cannot simply rely on social constructs that sometimes date from the Ancient Greeks. With the help of innovative technologies like blockchain, we can implement new norms with regards to running a state or a nation.
The Bitnation Innovation
A team of visionary individuals has created the Pangea software platform. Based on blockchain technology Bitnation, has created a Decentralized Opt-In Jurisdiction system where people can conduct peer-to-peer arbitration through smart contracts and even create Decentralized Voluntary Borderless Nations. By employing the Panthalassa mesh network that’s built on the Secure Scuttlebutt protocol that allows users to retain their personal information offline and the Interplanetary File System (IPFS) the Bitnation ecosystem is bound to make some waves on the global governance scene.
These protocols will enable a highly effective and resilient network that offers resistance to emergent threats like high-velocity quantum cryptography. While the Bitnation is currently based on the Ethereum Main Net, the Pangea Software is completely blockchain agnostic, allowing users to choose the blockchain platform they wish to use.
The Pangea Arbitration Token (PAT)
Once the DBVNs are created, users will be able to use the PAT token. A utility-based token that’s created with the help of the ERC20 architecture to leverage the Smart Contracts features. The proof of concept network already serves thousands of citizens around the world with jurisdiction products like blockchain ID, blockchain marriage service, birth certificates and even heirloom contracts. Lawyers and Arbitration professionals can offer their consultation services on the platform to create or solve any issues with these contracts, in exchange they receive tokens.
LUCY, a performant AI system assigns based on key performance indicators, reputation tokens to contract solvers or issuers. Advanced cryptographical algorithms are set in place to avoid game theory practices like purchasing power or popularity. The AI will make sure that the most professional individuals will get rewarded via the Proof-of-Origin algorithm. With the help of the PAT token, Bitnation envisions a world where users will be able to choose freely the Nation they want to join.
A shift of fundamental sovereignty must be triggered to restore the core rights and freedoms of the citizens of the 21st century. Nations should compete for its Citizens with quality services and the guarantee of any basic human rights. Using DBVNs will surely decrease bureaucracy as most of the current required documents can be incorporated into the Smart Contracts technology.
A total of 42 billion PAT tokens are created, from this 34 % will be sold on the 25th of March. The remaining unsold tokens will be sold in multiple batches over a period of 24 months. 18% are reserved for the founders and core members, and 14% will be used for bounties and other development options. The remaining 34% will be earned by the platform users and the global network of Citizens.
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