Metaverses: A New Age of Exploration and conquest

While we were looking for a unique angle to address a topic that is currently proliferating on the internet, we structured a few notes into what could constitute the preface of the “State Of The Block” 2022 Report. Our intention is to put the ongoing digital transformation in perspective with previous industrial revolutions and highlight why the cyberspace endowing itself with Governance and Jurisdictional capabilities is at the core of the undergoing digital revolution.

Empires throughout history have consistently sought to expand their economies in order to maintain power and stability. One of the most significant ways in which empires have accomplished this is through exploratory expeditions. These expeditions have played a critical role in the survival of economies and civilizations, as they have allowed for the discovery and exploitation of new resources, the establishment of trade routes, and the expansion of territorial control.

In the past, empires such as the Roman Empire, the British Empire, and the Chinese Empire relied heavily on exploratory expeditions to expand their economies. The Roman Empire, for example, established a vast network of trade routes that spanned across Europe, Asia, and Africa. This allowed them to gain access to valuable resources such as spices, silk, and precious metals, which they then used to strengthen their economy and military. Similarly, the British Empire relied on its naval power and control of trade routes to gain access to resources such as tea, sugar, and cotton, which were then used to fuel the Industrial Revolution and drive economic growth. The Chinese Empire also relied heavily on its naval expeditions led by Zheng He, which allowed them to establish trade routes with Southeast Asia, India and East Africa and gain access to valuable resources such as spices, precious metals and exotic animals.

Exploratory expeditions were also critical to the survival of economies and civilizations in the past because they allowed for the establishment of colonies, which provided a source of cheap labor and raw materials. The Spanish Empire, for example, established colonies in Central and South America, which allowed them to exploit the resources of these regions and establish a source of cheap labor for their mines and plantations. The Dutch Empire also relied heavily on their colonies in the East Indies for resources such as spices and textiles.

Despite the benefits that exploratory expeditions have provided throughout history, they have also been associated with negative consequences such as the exploitation of native populations and the spread of disease. However, it is important to note that these negative consequences were not an inherent part of exploratory expeditions, but rather the result of the exploitative policies of the empires that conducted them.

Born out of the Internet during the last 40 years, the cyberspace is currently undergoing a significant transformation as it enters into its third age in which it is developing its own system of governance and jurisdiction. One of the most notable developments in this phase is the emergence of jurisdictional capabilities in the cyberspace. This refers to the growing ability of entities operating in the digital realm to implement governance mechanisms and regulate their own activities, through the definition and promotion of custom laws and reglementations to policymakers and public institutions.

This development is particularly important for the protection of individual rights and the establishment of a stable and predictable business environment. As the cyberspace becomes more integrated into our daily lives, it is crucial that there are clear and enforceable rules in place to safeguard the rights of users and to provide a predictable environment for businesses to operate in.

Another key development in the cyberspace is the rise of digital nations. These are virtual entities that exist solely within the digital realm and have their own constitutions, laws, and monetary systems. These digital nations have the potential to disrupt traditional models of politics, diplomacy, and international law. They could challenge traditional notions of sovereignty and territoriality, and could even lead to the creation of entirely new forms of governance.

| Read the full article on Medium

Contact us on?Telegram?to receive the “State Of The Block” 2022 Report.

Pursue the conversation by joining us in November 2023 for SOTB 2023.?State Of The Block?is an invitation-only global event Dedicated to the future of Web 3.0, the blockchain and digital assets adoption. The counter-conference is hosted by DIC in Dubai Knowledge Park.

Born out of Braincities Lab,?Datachain Foundation?focuses on the development of a Decentralized Data Management Infrastructure (DDMI) for IoT, Smart cities, and Predictive Maintenance. The Research and Development phase started 4 years prior to the incorporation of the company in January 2022. Over a short period of time, the company has rapidly grown in terms of both technology maturity, revenue and profit margin, and has been building partnerships with public and private organizations in Europe, the Middle East and the US to sustain its ability to grow. The technological paradigm underlying Datachain Foundation Decentralized Data Management Infrastructure is predicted to become a key player in the Web 3.0 ongoing revolution.

Learn more about us:

Twitter:?https://twitter.com/datachaindc

Telegram:?https://t.me/datachain

Linkedin:?https://www.dhirubhai.net/company/datachaindc/

Discord:?https://discord.com/invite/F6CUGXKKPk

Youtube:?https://www.youtube.com/@datachainfoundation6301/streams