What? BitNation is a do-it-yourself governance platform that operates on the blockchain, the same cryptographically secured public ledger used by Bitcoin. It offers services traditionally provided by governments, ranging from legal contracts such as land titles and marriage certificates, to insurance and dispute resolution. BitNation enforcement of services are voluntary and reputation-based. IBM and Samsung have recently teamed up to develop a blockchain enabled transaction verification technology.
So what? Blockchain-secured smart contracts could potentially transform online security and the way parties establish trust amongst each other.
Source: The Merkle - Harnessing the blockchain to create DIY governance