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A week ago Belarusian President Alexander Lukashenko signed the Decree on the Development of the Digital Economy that legalizes the ICO, crypto-currencies and smart contracts. Two months ago, the Republic of Abkhazia announced its intention to raise $ 1 billion in an ICO. Abkhazia followed Venezuela, the first country to consider crypto as a financing mechanism, with its highly publicized plan for the deployment of an oil pawn called "Petro".

Estonia is also looking for new ways to offer a crowdfunding solution based on tokens. This will be done through an initiative known as TokenEST ICO (designed to raise at least $ 30 million). Who's next? Puerto Rico has had a terrible decade and its government is over $ 70 billion in debt. Recently the cryptocurrence capitalization was about 400 billion, now – more than 500 billion dollars. What about ICO for $ 70 billion to make the "crypto valley" in the United States?

The Government in the Cloud

In 1996, one of the founders of the Electronic Frontier Foundation, John Perry Barlow, wrote "A statement from the". independence of cyberspace. " A seminal text for his time, he says:

"Cyberspace consists of transactions, relationships, and thought itself, arranged as a standing wave in the network of our communications. Our world is at once everywhere and nowhere, but it is not there that bodies live. "

Estonian eGovernment services can be managed from n & nbsp; Anywhere. In the old days, a government in exile quickly lost its legitimacy. Housing in another country, he would lack the infrastructure to do his job. But today, an Estonian government in exile may simply continue. It helps to clarify the differences between a nation, a state and a geographic country.

In general, a nation is a group of people in an area that perceives itself as a single entity, a country is that geographic area itself, and a state is a collection of political organizations that these people agree to join. By disconnecting the silicon-based functions of the state of the country based on the ground, Estonians protect their nation. But it's more than that. Estonians succeed in their efforts and they can build a digital state infrastructure that can be hosted anywhere. It must not be an officially recognized state – if we can deterritorialize a state, could we perhaps "affirm" a nation? It could be backed up and shut down, reduced to a suitcase full of hard drives, only to reboot when the time came.

Country as a Service – CaaS

You are probably familiar with SaaS – "software as a service". It is essentially about paying for the software / hardware you are using, rather than buying them. These services cost you a lot, but are now free or almost free. That's where governance goes. Government services can become plug and play applications that you sew together based on your business or lifestyle. There is no logical reason why governance is not ensured as SaaS (CaaS).

The most interesting (and promising) Blocchain-related industries lie outside the cryptorealm.

Estonia, world leader in e-government, recently launched a unified medical records database, accessible to hospitals and insurance companies, in partnership with the Blockgate start-up, Guardtime. Prescrypt works in the same direction in partnership with SNS Bank and Deloitte in the Netherlands, BitHealth – in the United States.

The Swedish government with ChromaWay and a partner bank will test Blockchain smart contracts for the land register, simplifying the lives of buyers, sellers and banks, using land as collateral on a regular basis. BitFury is launching a similar initiative in Georgia, while BitLand is moving into Ghana and Honduras (and plans to expand into Nigeria and Kenya). UAE launches Blockchain strategy to become paperless by 2020.

The State of Delaware, which hosts many businesses from other states and countries, introduces a system of Company registration based on Blockchain, an issue of shares, Resolutions, redistribution of shares as a result of the purchase and sale operations. British Everledger helps banks, insurers and open markets reduce risk and fraud by digitally certifying high-end diamonds, art objects and bottles.

Compared with the current investment of startups supported by ICO GovTech startups based on blockchain (to support their growth and ecosystem building such services) seem very promising:

Governance is the next big thing for ICOs and World Blockchain. This new ecosystem, such as "borderless country in the cloud" could be like the creation of Israel 2.0. Whatever the case may be, it seems short to talk about geographical boundaries in the modern online world, especially in terms of the decentralized economy and Blockchain-community

Recently, Vitalik Buterin has writes:

"* * Crypto communities, including Ethereum, should be mindful of these words of caution – the difference between making hundreds of billions of dollars worth of digital paper flourish and realizing something meaningful to society. "

If all we do is lambo memes and immature word games, then I'm leaving. Although I still hope the community can move in the right direction. – Vitalik Buterin (@VitalikButerin) December 27, 2017

It's the right time for him to become a real " Lenin Digital "(as the appe many journalists) – and to create this new country?