BitNation releases world’s first virtual national constitution on Ethereum blockchain

Editor's note: As we all know, blockchain has many applications. BitNation is a very interesting system that applies blockchain technology to citizen management issues. Recently, BitNation announced that it has written 140 lines of code using Ethereum smart contracts to establish the world's first virtual borderless, decentralized autonomous national constitution.

The "Autonomy 2.0" platform Bitnation used Ethereum's smart contracts to write 140 lines of code to create the world's first virtual borderless, decentralized autonomous national constitution.

Why Ethereum

There is another main reason why BitNation chose the Ethereum blockchain to write the code of the constitution instead of Bitcoin: smart contracts. Ethereum developers have made great progress in smart contracts.

Smart contracts are digital agreements between people to achieve specific purposes. Ethereum's technology in this regard is a perfect match for BitNation's "Autonomy 2.0" principle. Through the borderless technology of smart contracts, BitNation hopes to eliminate geographical boundaries between countries and provide end users with more transparent procedures and lower management costs. Autonomous services.

Many people are very confused about BitNation's virtual DIY autonomous service, but the BitNation team is very confident in what they are doing. Of course, BitNation still has a long way to go to make DIY autonomous services a mainstream trend. Currently, BitNation focuses on security and dispute resolution. Susanne Tarkowski Tempelhof, founder of BitNation, said that Ethereum's smart contracts played an important role in its development process.

The reason why Ethereum's smart contracts are so powerful is that they bring a new level of decentralization to the world. Unlike most services used today, such as social media and email, BitNation's Self-Governance 2.0 will not involve a central authority or government, and this self-governance model is completely different from the centralized representative democracy system that most countries in the Western world are accustomed to.

Tempelhofer believes that today's democracy is a huge failure. In her opinion, the concept is fundamentally flawed. We all know that democracy means that the government provides citizens with multiple options to vote, rather than leaving citizens without a say in the choices. BitNation hopes to change this by introducing DAOs (Democratic Autonomous Organizations) on the blockchain.

What are DAOs on the blockchain?

These democratic autonomous organizations exist entirely on the Ethereum blockchain. From a governance perspective, decisions are made by a group of contracting parties, who can decide on the allocation of work, the distribution of assets, and even the allocation of designated shares. Two notable examples of DAOs are Slock.it and DigixDAO.

Voting remains one of the common ways to find solutions, providing everyone with an equal opportunity to create their own DAO based on their specific needs, which can give individuals greater freedom and bring welcome changes to the political landscape.

Tempelhof explained DAOs this way:

"Decentralization" means there is no single point of failure, just like there is no central bank. Take Uber, for example. Uber has recently run into trouble in Europe, with the French government issuing a new decree to stop Uber and other non-taxi services. If Uber were a DAO, no bank accounts would be frozen and regulators would have no way to ban it. "Decentralization" also means personal autonomy, that we decide what we do. Borderlessness means we are no longer restricted by passports and can only live in certain areas.

Furthermore, these DAOs will be interesting experiments in new forms of democracy that may infiltrate the real world with massive force in the future. In addition, 'reputation' will also play a significant role in BitNation's autonomous project, not only the reputation of individuals, but also the law itself will be subject to the reputation score from citizens without borders.

Original article: https://news.bitcoin.com/worlds-first-virtual-nation-constitution-released-ethereums-blockchain/
By JP Buntinx
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/first-virtual-constitution)