Balaji Srinivasan’s ‘Network State’ Could See Citizens Swap Passports for Ethere

[Markuri33]

When unpacking his idea of a digital country, Srinivasan pointed to Ethereum’s domain service as a key tool for building the Network State.Swap blockchain technology with legacy census tools, and you start seeing the foundation for what Coinbase’s former CTO Balaji Srinivasan calls The Network State.

During an event hosted by CoinDCX in Bengaluru on Friday, Srinivasan explained how an online community of individuals worldwide could eventually reach formal statehood.

This Network State is a group from various countries acting as a single entity. The entity would also be built using blockchain technology with common objectives funded using cryptocurrencies.

He said, for example, there could be members in Tokyo, Mumbai, Delhi, and so on, and they could eventually “build something that had the scale of an annual income and a real estate footprint of a traditional state.more