Bitnation will implement a Basic Income application

Bitnation announced it will host the decentralized application on its core platform. The application is described as “a first experimental attempt to provide a system for a crypto based Universal Basic Income (UBI), entirely based on voluntary ‘taxes’ (e.g. transaction fees)”.

Bitnation is a collaborative platform for “do-it-yourself governance”, “providing borderless, decentralized and voluntary type of blockchain-based governance applications”. The upcoming pilot projects of the organization include the release of family contracts using smart contract technology, such as birth certificates on the blockchain, as well as corporate incorporation in the blockchain.


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