A better world with the power of Blockchain?
This is unbiased and 100% ruled by people which would mean less crime globally.
With a mind-blowing 124% growth in the last year.
A fair system that could help everybody? You, me, and everybody else.
I believe it could look like this!
When we get born, an NFT has to get mindet with the ERC721 Standart*.
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This NFT Token will store your Name, Date of birth, fingerprints, eye color, and every biometric data, it will also store your future driving license and the best of it, you can never lose it or have to renew it.
All NFT′s are stored on a decentralized Blockchain and everybody would have his seed phrase, up to 36 words that generate your private key for your wallet address.
Every transaction needs to be signed with your private Key, your digital Assets better digital Money can not be used without your permission. Smart contracts mean programmable Money and that would make it smart!
The real blockchain contains five elements: Distribution, encryption, immutability, tokenization, and decentralization?(Gartner)
So no more wallet, ID, or Coins that we have to carry with us when leaving the house. All our paperwork like birth certificates, passports, social security cards, or other contracts, will all be saved encrypted on a public blockchain. Only your NFT will give you access to this data. When you turn old enough to vote, you will get a Push notification and you can simply press, Yes or No, the people will decide if we need this new law, street, or investment into our society, and with IoT and the tracking that comes with it, we would have the possibility to pay let′s say taxes for our car when we are only riding it and get rewarded for riding a bike or walk. I will get into that in the next article.
So all we need to travel or to identify ourselves is stored on a decentralized Blockchain. We can access our id, tax report, insurance, passport, health data, contracts, and Money with an App on our Phone, Smart Watch, or any other Point of Sale device, where we pay with our Finger Print or Chip.
*ERC-721 is a free, open standard that describes how to build unique tokens. This Token will be stored in your Digital Wallet or Ledger.
Love it, everyone needs to read this