The way we currently live and thrive is mostly possible through the emergence of states. People of the same language, same aspirations, and same cultural spectrum banded together for the greater good of everyone involved. Due to these differences, however, disputes emerged that eventually led to full-blown wars that resulted in millions of casualties just to protect a code of conduct. Life is certainly more precious than a set of enforced rules by a centralized system. Only because we entrust our lives that does not mean that the system is right. What if there was a way to create a system in which the most effective forms of governance are going to clarify above the ones that directly do not work? To some, implementing such a system is in the realm of utopia, but with the recent developments in the blockchain industry, a global revolution within the governance systems is poised to make a move!
Bit Nation: the states of the future!
A team of visionary developers has developed a blockchain ecosystem where users can create states and become the first digital citizen of the 21st century! The Pangea software stack represents a peer-to-peer opt-in jurisdiction plan where a citizen can conduct arbitration processes and foster fully fledged nations. Pangea is highly-resilient ensuring safety to any emergent technology threats like quantum cryptography. The ecosystem is currently reliant on the Ethereum blockchain to make use of the Smart Contracts feature but once fully matured, it will be entirely blockchain agnostic, and chains like EOS, Tezos or even Bitcoin could be integrated within Pangea.
The Pangea Arbitration Token (PAT)
Based on the popular ERC20 architecture the PAT token will reward the Pangea users for their reputation within the ecosystem, by accumulating non-tradeable reputation tokens for various tasks performed on the blockchain. Creating a contract, completing a task or a contract, resolving disputes correlated to other arrangements are just some of the functions that will be rewarded on the Bit Nation ecosystem. PAT employs an algorithmic deployment system that sources arbitration tokens based on performance rather than gamification methods like purchasing power, popularity or attention.
LUCY is a state of the art autonomous system that will oversee the distribution mechanism of the PAT tokens to ensure an impartial and fair procedure towards all participants. Simply put, being a good citizen will directly be rewarded by the created nations on the Pangea blockchain.
The bigger picture
Bit Nation envisions a global landscape and a global market for best practices and governance services. By creating a world of Voluntary Nations and States where Autonomous Communities compete for its citizens by providing an enticing array of opt-in governance services. By shifting the sovereign decisions from the current centralized state back to the citizen and thus reclaiming the freedom of choice in the act of accessing governance systems.
If the public users well receive the concept will have the ability to join whichever state they desire, whereas today if you’d like to change your residence or nation it usually results in a bureaucratic nightmare thanks to the current centralized model of governance.