The nature of blockchain technology is disruptive. The beginning stages of Bitcoin were characterized by deep libertarian leanings and a desire to challenge the existing infrastructure of the financial system. The initial developers on the project wanted to create a currency which could function outside of the jurisdiction of traditional financial systems. As the blockchain developed and won new uses from excited creators and developers, it became clear that the opportunities are boundless in the world of decentralization.
Some envisioned that cryptocurrencies could be used to provide financial resources to people in third-world countries who otherwise would not have access to such resources. Because of the decentralized nature of crypto technology, the traditional financial system could theoretically be replaced with a more inclusive model of blockchain.
But one company is taking a step to make the most drastic disruption ever committed by blockchain developers. Decenturion is a startup company whose goal is to create a fully-decentralized state that operates on the blockchain. While this technology may seem to be an improbable leap, analysts predict that it might not be quite as impossible as one might imagine. In fact, this project could become one of the most successful disruptive applications of blockchain technology since the original Bitcoin.
The Decenturion project was first introduced at the Consensus 2018 event, and the country’s Minister of Foreign Affairs spoke at a United Nations event on the future of cryptocurrency technology for decentralized governance. The event at Consensus was successful, with hundreds of people choosing to become citizens. These new citizens of the future sovereign nation were given a complementary 100 Decenturion tokens.
At the United Nations, the presentation was received relatively well. The attendees were invited to a cruise along the Hudson River following the official outline of the project and its long-term goals. But the company is still looking to win the support of major institutions globally. Without support from at least a few major institutions, it will be even more difficult to successfully implement a new system of governance.
As a decentralized country, Decenturion will not have a physical location. Its permissionless platform allows the country to transcend borders. Additionally, the government will not follow the traditional structure for governing bodies. In fact, it won’t have a central governing body at all. Decenturion will instead operate via smart contracts, allowing the citizens of its new country to govern themselves using a complex and equal voting system.
The country has two main classifications for members within the state. On one hand, there is the class of citizens. Citizens get tokens from startups, the proportion derived from the Decenturion token holdings of the member. On the other side, startups help to innovate and administer the day-to-day functions of the autonomous, decentralized government.
The Future Of Decenturion
It is not sure so far whether or not the startup will succeed in this ambitious undertaking. Still, the libertarian-leaning community who controls the successes and failures of ambitious projects seems deeply interested in the disruptive nature of a crypto country.
We will also update this post and review Decenturion's DCNT Token launch which starts on August 1, 2018 when available