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.