The current state of world governance has served us well, but with the exponential growth of the population, it seems that traditional models fail to deliver. Their only solution appears to be the ever creeping taking of control and fundamental freedoms under the pretext that it will just keep us safe. The way we manage states needs a long due upgrade to keep up with the 21st-century challenges. Thanks to advances in the field of technology we might just see the next iteration of the State or Nation ideas. Blockchain technology is the perfect candidate to return the decision power to the people while having an utterly safe infrastructure in place.

Bitnation: The Global Marketplace for Jurisdiction

With the help of a decentralized, peer to peer network, Bitnation can shift the sovereignty from the State back to the Citizen. Their vision is comprised of a world where Nations are competing for citizens to opt-in to their state by creating attractive services and improved quality of service thus reducing the incentives for coercion and violent behavior.

The Decentralized Borderless Voluntary Nation (DBVN)

With the help of the Pangea application, users will be able to band together to create a DBVN and benefit from all of the traditional jurisdiction processes in a digital manner paving the way for the notion of Nation 2.0! The proof of concept already contains a public notary tied to the blockchain ID that’s currently being used by tens of thousands of Bitnation Citizens and Embassies around the globe.

While the current main net is based on the Ethereum blockchain to make use of the Smart Contracts feature, the future releases of the Bitnation ecosystem will be blockchain agnostic so that other networks like Tezos, EOS, Bitcoin could be incorporated if the users choose so.

Pangea Arbitration Token (PAT)

The PAT token is Bitnation’s utility token. Based on the popular ERC20 architecture the laws and jurisdiction of the DBVNs will be subjected to the Smart Contracts feature. The PAT code and Smart Contracts code has been carefully curated by Solidity experts, showing promising development with each iteration that comes out. Examples of smart contracts on the Bitnation ecosystem could be the following, birth certificates, marriage certificates, emergency refugee IDs, inheritance bonds, and testaments. Professionals can offer their services to arbitrate contracts on the network, in exchange they will receive PAT tokens.

LUCY a proprietary AI system will evaluate the contracts resolution processes and assign algorithmic rating tokens to each based on key performance metrics.The users will then be able to redeem these tokens for PAT tokens and accrue its final monetary value.

An AI system was chosen to oversee this task so users will not be able to use game theory practices to cheat the ecosystem, thus ensuring the highest level of proficiency clarifies at the top of the food chain.

So if you want to join the states or the future or perhaps you want to create your nation that people can join and dwell in, head over to https://bitnation.co/!

Thank you for your time and feedback,

Jack Andrew