Let’s ask ourselves a question that most often does not occur to a resident of any developed democracy: why do we need a parliament?
At a time when most of the population was illiterate or did not have a sufficient level of education to discuss laws, the presence of elected representatives to discuss and adopt laws was necessary. But is it necessary now?
The blockchain provides a direct voting mechanism for everyone.
Blockchain technologies make it possible to build communicative systems and decision-making systems – including voting – based on the principles of direct democracy (the voting “button” for everyone), in contrast to the representative democracy that is currently popular.
In fact, all projects already being implemented in this direction are ideas of a self-regulated community based on the blockchain with the aim of improving the quality of life (social weight) and the self-development of all members of the community.
The main functions of blockchain countries
- Communication and voting:
- Direct voting as well as liquid voting, i.e. opportunity to choose jointly or directly to appoint their representatives to vote on any issue
- Direct communication, including transactions on smart contracts
- Coordination and maintenance of terms used by parties
- “Internal brake”, i.e. self alienation
- Compensation mechanisms, including the implementation of the functional “share of the participant” in the voting
- Developing your own trust mechanism (consensus), possibly based on code is law
- Creating tokenized self-regulatory communities, i.e. full-featured DAO (Distributed Autonomous Organizations) for the implementation of public and commercial projects
- Implementing some futarchy principles (futarchy by Robert Hansen) for laying out the possibility of generating decentralized lawmaking, execution and arbitration institutions.
- Online-2-offline connection through members
The main source of functioning of the “blockchain-country” is deduction from transactions that take place within the community.
Currently, within the framework of the “blockchain democracy” a number of concepts are being implemented, from direct democracy, where everyone can vote directly to liquid democracy, which allows much more flexible democratic representation than such a cumbersome thing than modern elections, up to issue-based direct democracy, which provides the possibility of direct voting on specific issues.
However, these systems are not limited to voting. An important component of the concepts of “blockchain countries” DAO, Distributed Autonomous Organizations, tokenized self-regulatory communities.
From a conglomerate of such DAO, there is a decentralized self-regulating society, but in the most advanced projects there was originally the possibility of developing the conglomerate of decentralized communities into decentralized institutions. Especially interesting are the developments of the economist Robert Hansen on the subject of futarchy. Many projects are based and claimed as games.