Blockchain-based virtual nations are an emerging concept in the digital realm that seeks to address various societal and governance needs like reduced bureaucracy, better legal systems, cheaper services, democratic decision-making and inclusivity. These virtual nations are decentralized, blockchain-based communities that offer several potential benefits, such as digital sovereignty, transparency, and community-driven governing.
In this world increasingly shaped by digital technologies, a Bitcoin-native society Draper Nation, is a new concept poised to redefine traditional notions of governance and societal structures.
Underpinned by the Jur Network, a decentralized technical infrastructure, Draper Nation offers a unique model for governance and service delivery. Citizens of Draper Nation have direct ownership and influence over the network and will be able to participate in decision-making processes and activities that actively involve the general public.
Vikram Bharati, founder of Draper Startup House, and Alessio Treglia, chief technology officer of the Jur Network, explain in this interview what opportunities Draper Nation offers its citizens and whether such projects can make us a stronger and more engaged citizenry.
CT: Vikram, Draper Nation is a revolutionary concept in the crypto space. Could you share the origin story of this Bitcoin-native society and what inspired its creation?
Vikram Bharati: Since 2018, weve been building physical startup societies around the world through Draper Startup Houses. It dawned on us that by connecting individuals with shared values from different parts of the world, we were creating comprehensive global ecosystems and economies. This realization led us to understand that, in a sense, we were building micronations within other nations. We then realized that there was no reason why we couldnt create our own virtual nation. All the necessary ingredients were already in place we just needed to bring them together.
CT: Alessio, for our readers new to the term, could you explain what Network States are and how theyre poised to redefine traditional notions of governance and societal structures?
Alessio Treglia: Network states are online, decentralized entities that operate very much like states, but they lack control over physical land. They are the successors of the traditional sovereign states. By leveraging Web3 trustless technical tools, network states would allow citizens to interact and trade seamlessly and frictionlessly, causing efficiency to skyrocket and cost to become neglectable.
CT: The Jur Network is integral to Draper Nations functionality. Could you delve into how it underpins the operations and governance of these emerging Network States?
Alessio Treglia: The Jur Network is a decentralized technical infrastructure designed to facilitate on-chain decision-making processes and activities involving the general public in the day-to-day operations of digital communities. Our primary goal is to encourage more people to join these communities and engage directly in public discourse and action. In perspective, while a Facebook user interacts primarily as a consumer within the Facebook network, a Jur Network user has direct ownership and influence over the network. Draper Nation serves as our first real-world, large-scale user community a critical proving ground where Jur Engineering turns abstract network concepts into practical, real-world applications.
CT: Given your extensive experience in blockchain, Alessio, how do you see global trends around decentralization influencing the future of national governance and economies?
Alessio Treglia: Global decentralization trends are fundamentally reshaping national governance and economies. In a completely borderless world, centralized control drops its mask and finally appears for what it is the number one enemy of democracies based on active participation and equality. Peer-to-peer banking and decentralized finance (DeFi) protocols have given us a glimpse of the future. Now, we can empower individuals by ensuring financial inclusion and democratizing access to resources and opportunities. Governance models will gradually shift to decentralized models that allow citizens to participate in decision-making and policy formulation in a transparent and equitable manner.
CT: Vikram, Draper Nation emphasizes community, especially through its NFT passport initiative. How do you envision this fostering a stronger, more engaged citizenry?
Vikram Bharati: Draper Nation will eventually offer numerous services typically provided by governments. Since everything will be virtual and without intermediaries, we will be able to deliver these services at a fraction of the cost. The NFT passport will serve as the citizen-owned digital ID, granting the citizens access to all products and services.
CT: Startup cities are a fascinating aspect of Draper Nation. Could you explain how these special economic zones (SEZs) operate and the benefits they offer to residents, both virtual and physical?
Vikram Bharati: We are passionate about a new concept of Startup Cities. Think of them as neighborhoods tailored to the needs and dreams of everyone who lives there. Theyre not just places to live, theyre hubs filled with exciting perks and services. What excites me is our effort to seamlessly weave in Web3 capabilities. So imagine handling things like Visa applications, setting up your business, managing insurance, and even paying taxes, all integrated and simplified. Were trying to eliminate unnecessary middlemen and make everything more direct and efficient. But what will set our cities apart? Its the spirit of innovation and collaboration. Living there means youre not just a neighbor: youre an integral part of its history, its growth. So imagine living in a place where youre not just a resident but an invested stakeholder, celebrating every milestone of your own Startup City.
CT: Looking ahead, what major milestones can we expect from Draper Nation and the Jur Network in the upcoming year?
Vikram Bharati: The first year of Draper Nation will be experimental as we seek to understand who truly wants to be a part of this new nation and what the citizens aspirations are for its future. In essence, we want to co-create this nation with the help of its citizens. We will co-write the Manifesto and then the Constitution of Draper Nation through community-driven activities. We have already held two inaugural events and have more to come with the opening of a new embassy in Hyderabad. Netizens will have access to benefits of various kinds: free accommodations for events, scholarships, and more.
CT: How do you both see the evolution of crypto and blockchain technologies impacting global governance models in the long term? Is there potential for a Democracy 2.0?
Alessio Treglia: Were on the cusp of what some call Democracy 2.0, and its not just a technological shift. Its an exciting socio-political evolution. Imagine a world where bureaucratic hurdles are a thing of the past, where citizens can participate directly, and where every voice truly matters in shaping governance. This transformation promises to unleash an unprecedented wave of democratic energy and inclusiveness.
CT: Are there any upcoming yet-to-be-announced developments that youd like to share exclusively with our readers today?
Alessio Treglia: The Jur Network is in the process of transitioning to proof-of-stake (PoS) and will soon enable JUR staking. We will soon enable the creation of new tokens and economies for Jur-based societies.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
See more here:
Blockchain-based virtual nations: A new era of governance and ... - Cointelegraph
- Where Is The Blockchain Stored? - Dataconomy [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Primary.Health Achieves HITRUST Certification, the Highest ... - Yahoo Finance [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- What Are CBDCs and How Do They Work? - MUO - MakeUseOf [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- It is time to ask if the panchayati raj model really works for India | Mint - Mint [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- A Web3 Cautionary Tale: The Biggest NFT Brands Had Funds in SVB - nft now [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Here's What 1 of the Smartest Investors on the Planet Is Saying ... - The Motley Fool [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Meta is working on a decentralized social app - TechCrunch [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- The Arbitrum Foundation Announces DAO Governance for the Arbitrum One and Nova Networks and Airdrop of $ARB Token to Arbitrum Users - Yahoo Finance [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- The Creators of the First NFT Talk New Collection, Web3 Future - nft now [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- At SXSW 2023, Web3ers Pitch Their Decentralized Museum and Meet Skepticism - ARTnews [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Decentralization: In Togo, Yoto III municipality adopts a CFA4 billion ... - Togo First [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- The Arbitrum Foundation Announces DAO Governance for the ... - PR Newswire [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Paris Blockchain Week 2023: A net positive for the entire crypto industry - Cointelegraph [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- IDC's Upcoming CIO Summit in Kuwait to Be Hosted Under the ... - IDC [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Is There a Sunny Outlook for Solana? - Finance Magnates [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Berri urges 'consensus with KSA', reiterates that 'the problem is ... - Naharnet [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Revolutionizing Ethereum scaling: QuickNode and Polygon zkEVM join forces - Cointelegraph [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Video Quick Take: Medidata's Anthony Costello on the Value of ... - HBR.org Daily [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- MOSDEX Offers Investors Alternative From Banking Turmoil with Innovative Staking Platform - Yahoo Finance [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- CFTCs tech committee gathered in DC to talk DeFi Heres what was discussed - Cointelegraph [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- All Centralized Firms Are AlikeBut Every DAO Is Decentralized in Its Own Way - Decrypt [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Cultural affairs agency moves only some of its offices to Kyoto | The ... - [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023 - Cointelegraph [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Is The AI Revolution An Open Door For small Tech? - The Drum [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Global Blockchain Technology Market to Reach $71 Billion by 2028: Digitization for Improved Service Realization and Error Prevention Fuels the Market... [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Mastodon hits 10 million users: Is decentralization the future? - Halifax Examiner [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Cryptocurrencies To Watch: Week of March 27 - Investopedia [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Chris Selley: Poilievre leaves provinces wondering if he really believes in them - National Post [Last Updated On: March 27th, 2023] [Originally Added On: March 27th, 2023]
- Top Web3 Investment Firm CoinFund Hires Jenna Pilgrim as Head of Portfolio Growth Maintaining Bullish Outlook on Web3 Innovation & Adoption -... [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- IFAD and Burundi sign US$3 million grant to help cushion small ... - ReliefWeb [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- How is blockchain like a car? - BusinessWorld Online [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- DAMX: The Emerging Perpetual Exchange on Fantom - Yahoo Finance [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- 17th General Assembly of the West Africa Police Chiefs Committee ... - ECOWAS [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- Federalism vs Centralism, Bone Of Contention Among Iran Activists - [Last Updated On: March 29th, 2023] [Originally Added On: March 29th, 2023]
- CoinMarketCap News, Mar 30: Coinbase Will Be Furious with What Gary Gensler Just Said - Yahoo Finance [Last Updated On: March 31st, 2023] [Originally Added On: March 31st, 2023]
- The Consequences & Risks of Using Consumer Messaging Apps in ... - The Fast Mode [Last Updated On: March 31st, 2023] [Originally Added On: March 31st, 2023]
- Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions - Cointelegraph [Last Updated On: March 31st, 2023] [Originally Added On: March 31st, 2023]
- The Future of Cryptocurrency Exchanges: Why Decentralization is ... - Analytics Insight [Last Updated On: March 31st, 2023] [Originally Added On: March 31st, 2023]
- Root Causes of Conflicts in Africa Must Be Addressed beyond ... - United Nations [Last Updated On: March 31st, 2023] [Originally Added On: March 31st, 2023]
- Vivek Oberoi speaks his heart out on lobbying and bullying, 20 years after his infamous press conference: It been a hallmark of our industry -... [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Crypto Payment Gateway Market size is expected to reach USD 4.12 Bn by 2029 at a CAGR of 16.8 percent says Maximize Market Research - Yahoo Finance [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Is Governance All It's Chalked Up To Be? Arbitrum's First Governance Vote Sparks Debate | - Bitcoinist [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Arbitrum to break up governance votes after community backlash - Cointelegraph [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- The New, Joyful Face of Portland Coffee - Portland Monthly [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Needs of Stranded Migrants in Northern Niger Rise as Numbers Soar - International Organization for Migration (IOM) [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Unleashing the Power of Decentralization for a Better Tomorrow w/ Bernard Perez, Web3 Foundation - CryptoSlate [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Internet Computer: Hurdles of Decentralizing the Internet - BeInCrypto [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Decentralizing the Manufacturing of Cell and Gene Therapies - Genetic Engineering & Biotechnology News [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- How DAOs Factor Into Litigation, Enforcement, and Restructuring - Bloomberg Law [Last Updated On: April 7th, 2023] [Originally Added On: April 7th, 2023]
- Crypto Decentralization Identified as U.S. Security Risk by Treasury Department - U.Today [Last Updated On: April 7th, 2023] [Originally Added On: April 7th, 2023]
- 18 industry vets share tips for launching a crypto startup in a bear ... - Cointelegraph [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Layin' It on the Line: Why is Bitcoin not covered by FDIC? - Standard-Examiner [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- 5 Benefits Of Blockchain: Types And Examples - Dataconomy [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Decoding Digital Subscription Success - Egon Zehnder [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Bluesky Social, another Twitter killer - Manila Bulletin [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Moving beyond the blockchain trilemma: L1 vs. L2 - Cointelegraph [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- [Local and Beyond] 'Decentralization key to curing metropolitan sickness' - The Korea Herald [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Pharma Clinical Trials: Decentralization and Digital Trends - The Medicine Maker [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Anndy Lian on decentralization and the potential impact of Web4 - CryptoSlate [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Top 10 Web3 Impacts on Traditional Industries Due to Decentralization - Analytics Insight [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- Gnosis Chain spends $5M on validator incentive program for decentralization - Cointelegraph [Last Updated On: April 19th, 2023] [Originally Added On: April 19th, 2023]
- American Academy of Arts and Sciences elects 3 UCLA faculty ... - UCLA Newsroom [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Book bans: Why is there so much controversy? | Opinion - Deseret News [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Staking infrastructure firm P2P.org raises $23 million shortly after upgrade to Ethereum - Fortune [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Biggest Ever Crypto Cycle Has Already Quietly Begun After Huge Bitcoin And Ethereum Price Rally - Forbes [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- The power of AI in memecoins: A new revolution in the crypto space - Cointelegraph [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Web3 security: How to identify the risks and use protection tools? - Cointelegraph [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Ninepoint Announces Unitholder Approval of Change to the Investment Objectives of Ninepoint Bitcoin ETF - Yahoo Finance [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Twitter Alternative Bluesky Comes to Android - Social Media Today [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- A16zs hyped-up orange balls revealed to be an L2 rollup client - Cointelegraph [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- The EUs "Kill Switch": What Does It Mean For The Future Of ... - Blockchain Council [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Chainstack launches subgraph hosted service after The Graph moves towards decentralization - Forbes India [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- Recap: 'Decentralizing the Future with Web3 Data' Conference Successfully Co-Hosted by Oort and DefiLabs in Hong Kong - Yahoo Finance [Last Updated On: April 21st, 2023] [Originally Added On: April 21st, 2023]
- PM Modi boosts rural economy by integrating eGramSwaraj - GeM on National Panchayati Raj Day - The Economic Times [Last Updated On: April 23rd, 2023] [Originally Added On: April 23rd, 2023]
- NFT Twitter Is All Good Vibes AgainOn Bluesky - Decrypt [Last Updated On: April 23rd, 2023] [Originally Added On: April 23rd, 2023]
- Dogecoin (DOGE) and Conflux (CFX) Struggle With Weak ... - Analytics Insight [Last Updated On: April 23rd, 2023] [Originally Added On: April 23rd, 2023]
- Can Solana (SOL) overtake Ethereum (ETH)? HedgeUp (HDUP ... - Analytics Insight [Last Updated On: April 23rd, 2023] [Originally Added On: April 23rd, 2023]
- Three elected to WDCs without a vote - Avas.mv [Last Updated On: April 24th, 2023] [Originally Added On: April 24th, 2023]
- Unlocking agricultures full potential with blockchain and innovative tech - Cointelegraph [Last Updated On: April 24th, 2023] [Originally Added On: April 24th, 2023]
- Hedera (HBAR) And Shiba Inu (SHIB) Are Shaky; Invest In The New ... - Tekedia [Last Updated On: April 24th, 2023] [Originally Added On: April 24th, 2023]