Imagine third world countries people ditch governments and start using applications build free markets on top of blockchain technology and open source hardware .
it all starts by abstracting all services and products people trouble networking it through markets governments offer and begin rebuild the markets within new ecosystem a main blockchain harness the people to achieve consensus, privacy and security by giving the chance to every individual the ability to starting from initiatiation of a digital identity conserved by the blockchain up to the most sophisticated service or product the governments offers through its markets and can be applied by there technology.
what are the problems with governments and big companies (Centralized Organizations) ?
range of the possibilities:
whats next?
Proof of intentions protocols.
Decentralized wisdom protocols ( polling and decision distribution protocols ).
Voting systems.
Crowd funding.
Implementation through initial public offering .
Echosystem and sustainability of the whole system.
I agree. Decentralized currencies like bitcoin can free billions of people from the chaos caused by central bank currency manipulation and mass inflation. This is just one example of course.
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i hope it start to happen in my own home country egypt
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