Former Coinbase CTO Talks Technodemocracy: Crypto Wallets Could Control Real-World Resources in the Future

2024-09-18 10:59:11

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ChainCatcher news, former Coinbase CTO and author of "The Network State," Balaji Srinivasan, delivered a keynote speech titled "Technodemocracy" at Token2049 on September 18.

In his speech, he stated that internet voting governance has long existed, currently with three types: social media voting, DAO voting, and Estonia's online national voting. The fourth phase of digital governance will come from crypto, and the technology managing Discords can also be used to allocate DAO funds, open doors to houses, and even control drones. Technodemocratic voting can not only control digital entities but also physical ones, which means that crypto wallets can control real-world resources. He also listed some examples of Technodemocracy, such as crypto-verifiable voting, streaming voting, social smart contracts, provable limited government, truly global businesses, truly comprehensive candidates, and the new politics they bring (like the Mars Party led by Musk and the open-source AI party led by Donny Ak). These technodemocracies initially start purely online and will later enter the fiat currency world.

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Singapore TOKEN2049 Conference Event Tracking

The 2023 Singapore Web3 Conference TOKEN2049 will be held from September 13 to 14, providing timely tracking and reporting of the latest technological developments and speeches during the conference.

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