From Autonomous Cities to US Presidency: The Future Is Now Film Shows What Blockchain Leaders Think About Governance

The archetypal cinematographic NFT task “The Future Is Now Film” shows what blockchain leaders deliberation of aboriginal governance systems: volition determination beryllium adjacent tighter centralization, a symbiosis of accepted and caller methods of power oregon bash we request a wholly caller governance strategy to regenerate the aged one?

Answers to these questions tin beryllium recovered successful the 2 latest episodes, “Transforming The Future” and “Aligning The Future”, which were filmed astatine the AIBC Summit UAE 2021 successful Dubai and Blockchance EU league successful Hamburg. Let’s dive deeper and spot what futurists think.

Blockchain Is Getting Closer to Traditional Institutions

Several years ago, it would person been a bombshell to spot authorities officials astatine a blockchain conference. Now, successful some the AIBC Summit successful Dubai and Blockchance EU league successful Hamburg, authorities officials are among honorable guests for 2 reasons. First of all, the standard of the alteration made them announcement the inevitable. Secondly, immoderate of the “decentralized futurists” person joined the ranks of centralized organizations successful hopes of making a difference.

For example, H.E. Justin Sun, the laminitis of TRON, precocious became an ambassador to the World Trade Organization connected behalf of Grenada, a state successful the Caribbean. In his view, cryptocurrency projects contiguous are “way much businesslike than the fiscal infrastructure that we person today” and present helium plans to pave the mode for wide adoption.

According to Fabian Friedrich, the laminitis of Blockchance Group, 1 of the reasons for the Blockchance EU league to beryllium is the request to bring unneurotic antithetic marketplace players particularly the decision-makers who presently govern accepted systems “to instrumentality the fearfulness distant and amusement them however affirmative this question is, however galore chances are successful the question for a amended future”.

Some person already achieved tangible advancement successful establishing the dialogue. Fabian Vogelsteller, co-founder of ERC20 Protocol, shared that negotiations with regulators contempt the “back and forth” quality of the process, person already brought affirmative results due to the fact that “everybody sees the benefits of this technology” portion of people the “old has ever had the involvement to survive”.

Will Governments Have a Saying?

According to His Excellency Justin Sun, decentralized currencies are much precocious not lone connected the technological broadside but besides connected the philosophical broadside arsenic they thrust the inclusion of smaller countries. That is wherefore it volition beryllium lone earthy for countries to “start to diversify the countries’ reserves” besides by gathering the cardinal slope integer currencies but “the doctrine down CBDC’s volition find their results”: they could either articulation a competitory strategy oregon “undermine the estimation and the power successful the marketplace successful the archetypal place” if they are made to beryllium an appealing plus to usage adjacent to cryptocurrencies, for illustration by simply functioning arsenic a fiscal tracking tool.

Justin Sun believes that erstwhile the barriers of the accepted fiscal strategy spell down, everyone benefits. But according to Brock Pierce, the 2020 US Presidential campaigner from the Bitcoin Foundation, determination volition beryllium beneficiaries and losers. In his view, Dubai, for example, volition beryllium the beneficiary of alteration due to the fact that it “is doing a bully occupation recognizing the alteration and adapting to it” but those who defy the alteration volition suffer:

“Look astatine Florida and Miami, they are doing a bully job… They are the beneficiary of the change. That is what happens erstwhile you clasp the future. You get to beryllium portion of it. Resist it and it runs you over. The aboriginal is coming”

Prominent task capitalist Tim Draper whose Dad fought successful the Korean War has shared a imaginativeness of what absorption to alteration could look similar by giving a humanities illustration of North and South Korea arsenic a afloat authorities power strategy versus a “free and unfastened nine with democracy” 70 years later:

“Average South Korean present makes 430 times what the mean North Korean makes successful a year, and that is erstwhile you set for purchasing power. And the mean South Korean is 4 inches taller than an mean North Korean. It is beauteous wide to maine which strategy works better”

Dubai: Safe Harbor for Innovations

One of the biggest gatherings successful the blockchain assemblage held by Eman Pulis & SIGMA Group AIBC Summit UAE 2021 has been held successful Dubai a fewer months anterior to Blockchance EU.

Dubai is among the archetypal cities that are “taking a tangible basal into abundance and allowing decentralization to flourish” arsenic it is stated by Miguel Francis-Santiago, the Founder of The Future is Now DAO and the mastermind down #TheFutureisNowFilm, with initiatives similar the UAE Crypto Map. Dubai is “on its mode to becoming self-sustainable” by leveraging the powerfulness of innovative-based ecosystems. Under the enactment of His Highness Sheikh Mohammed bin Rashid Al Maktoum, with a plethora of initiatives headed by Dubai Blockchain Center and the enactment of its CEO Dr. Marwan Alzarouni, creating a harmless harbor of innovation.

And the harmless harbor has already brought immoderate caller fruits. Matthias Mende has launched an innovative personage marketplace Bonuz Market conscionable aft a mates of years of residency successful Dubai and present the task allows celebrities astir the satellite to prosecute with fans wrong an NFT and Metaverse platform.

Sergej Kunz with 1inch Network bridges the crypto satellite with accepted banking by moving with specified regulated institutions similar Sygnum Bank. The 1inch Network solution became the deepest liquidity aggregator successful the DeFi space: the level reached implicit $120 cardinal successful transaction measurement since its inception by solving the occupation of precocious introduction constituent and obstruction to usage cryptocurrencies.

Salim Ismail of OpenExO, erstwhile CEO of Singularity University, by creating pilots with specified accepted businesses similar Procter & Gamble, Gucci and KPMG, created a abstraction wherever caller transformational methods of moving a institution betwixt exponential enactment operation and accepted businesses tin present pave the mode for preserving synapses of the quality brain.

The US Presidency: to the “Belly of the Beast”

According to Ilya Churakov of the decentralized ecosystem Global Digital Club, specified bridges request to beryllium built successful the “right way” truthful large opportunities could standard accelerated and scope wide adoption.

But to larn the “right way” we request to survey the aged one, believes Brock Pierce, the 2020 US Presidential campaigner from the Bitcoin Foundation. He dedicated his utmost vigor to moving the US statesmanlike run during the 2020 Year of COVID, successful bid to recognize the mechanics of the governmental strategy amended and get acceptable for the adjacent signifier successful making actionable change:

“Why would I taxable myself to specified a happening [as a Presidential Campaign] if I was not committed to pursuing each the mode through… Let’s accidental it was an exploratory mission. To recognize the mechanics of the system, you request to spell wrong the belly of the beast, to larn however to tally a nationalist run without immoderate of the existing infrastructure… without immoderate of the backing mechanisms that let politicians to tally for office, without a governmental platform… and to bash it successful the midst of COVID. My basal grooming is complete”

According to Crystal Rose Pierce of Sense.Chat, lone by “creating the bridge” betwixt accepted systems and the decentralized satellite tin we research however the interests of antithetic radical tin beryllium enactment unneurotic for mutually beneficial growth. For the Pierce couple, determination is nary extremity to simply regenerate the aged with the new, determination has to beryllium a dialogue.

El Salvador: Dreamland for All Nations

El Salvador has been creating this span possibly similar nary 1 other successful the existent governmental system, portion becoming the archetypal state to marque this brave measurement towards economical freedom. As a country, they question to dependable their opinion, and marque their sentiment disposable contempt the pandemic situation that was happening successful the satellite astatine the clip and a precise wide proposal from the International Monetary Fund successful November of 2021 – not to follow Bitcoin arsenic a ineligible tender. Nevertheless, they are going guardant with the Bitcoin infrastructure successful the state arsenic they are seeking economical freedom, the imagination of each nations.

William Soriano, a congressman from El Salvador and a salient Bitcoin advocate, explained however Bitcoin tin assistance different countries by sharing however his homeland plans to “achieve the adjacent level of prosperity”. The archetypal payment is cutting the unnecessary costs:

“Civil warfare led to 3 cardinal radical leaving the state to the US. Those radical nonstop 7000 cardinal dollars yearly of remittances. That makes them wage 400 cardinal dollars successful fees to companies specified as… Moneygram… Ria etc. And this is conscionable El Salvador, a tiny country…”

The 2nd measurement is fiscal inclusion. In conscionable 3 months, fiscal inclusion reached 80% successful El Salvador, rising from 1.2 cardinal to 3.8 cardinal radical having entree to a fiscal system. Finally, the state acceptable up a program to usage earthy resources similar volcanoes and geothermal vigor with the usage of “volcano bonds”, a decentralized fiscal UBI-type instrument.

According to an SDG advocator astatine the United Nations and the World Economic Forum, Marc Buckley, each countries should travel the illustration to “stop recreating” a rhythm of insanity that leads to fiscal bubbles pursuing a downturn, connected changeless repetition – a exemplary Marc believes the satellite has been viciously revolving around. His Excellency Justin Sun is assured that countries successful the Caribbean portion volition surely travel the El Salvador example. But we tin hardly expect each governments to enactment and travel this example, truthful what are the alternatives?

Dying Animal vs. Autonomous Private Cities

Dr Wolfgang Pinegger, laminitis of GLBRAIN and CEO of GAMB, believes that “centralization is everywhere”: from societal media to banking and governments, the lone airy astatine the extremity of the passageway being cryptocurrencies which mightiness beryllium “the lone mode to flight the centralization measurement by step” with a due use-case.

That is wherefore GAMB Power To The Merchants has developed a solution that solves a large contented successful the crypto abstraction – precocious transaction fees for day-to-day operations. The institution has presented a coin with zero transaction fees that volition enactment besides successful countries wherever 1$ is simply a important sum for a crypto transaction. This volition consequently bring cryptocurrencies person to wide adoption, and truthful trim the centralization. In Wolfgang’s presumption the alteration mightiness hap rather people with a mindshift that is already happening successful the younger generation:

“But the young procreation has already realized that they bash not privation to beryllium portion of this game… (ed. centralization) and the young procreation successful itself volition conscionable alteration it. Many radical from the centralized satellite volition not adjacent recognize until it has happened”

Veronika Kuett, who works connected autonomous systems with Tripolis Corp., thinks that centralized wealth is “the astir almighty tool” that the authorities would not privation to lose, since it allows them to “inflate” and “debase the wealth of everyone else”. Governments mightiness respond with tightening centralization and they mightiness adjacent win successful the abbreviated term. Of course, printing wealth helps governments propulsion resources unneurotic which means attracting radical “to acceptable up power structures”. But successful the end, “this carnal has crab and truthful it volition die”. That is wherefore determination is nary request to discarded vigor connected reforming cardinal banking erstwhile “we request to rethink governance” to acceptable up caller systems instead:

“The strategy is to walk the slightest magnitude of vigor focusing connected aged systems but alternatively physique the future, amended radical and marque them articulation the caller system”

One of the solutions according to Veronika is “to person galore thousands of smaller entities wherever we person bonded communities, wherever we cognize each other, we spot each other” to “get escaped of this anonymity that we person arsenic residents successful a precise ample nation”. The request for autonomous backstage cities is already determination with galore innovative libertarian thinkers facing the limitations of “government’s ever-changing rules”.

Irina Litchfield of the Global Autonomous Network besides shares an sentiment that we request to “create caller models of surviving done autonomous lands, agrotech and regenerative farming, blockchain, caller abstraction and beyond”. If Mars colonization would marque america rethink governance, wherefore should we not commencement now?

What’s Next?

What does the aboriginal hold? What benignant of aboriginal tin assistance humanity scope sustainable goals and how? Follow caller episodes of #TheFutureisNowFilm and don’t miss the aboriginal done the thoughts and accomplishments of the astir innovative minds successful the industry. TFIN DAO squad and the show’s creator Miguel Francis-Santiago are already moving connected caller episodes filmed successful Dubai surrounding the WoW Summit and a 2nd variation of AIBC Summit Dubai 2022 with the enactment of the NFT-vehicle that volition let for this roving crypto documentary to beryllium featured connected specified platforms arsenic Netflix, Amazon Prime, and Hulu.

To spot the retrospective of the blockchain world’s progress, ticker the movie bid 5 twelvemonth trailer that sums up the past 5 years with implicit 20 gatherings astir the satellite that Miguel Francis-Santiago and the squad person attended, implicit 19 episodes person been filmed truthful acold and implicit 15 countries explored done the lens of The Future is Now Film.

Join the speech and go a portion of the assemblage by supporting TFIN DAO. Be portion of the #TheFutureisNowFilm question – Website | Telegram | Twitter