Network states will one day compete with nation-states — Web3 exec
Dr. Petty told Cointelegraph that blockchain technology is already eating away at small parts of incumbent governance structures.
Dr. Corey Petty, the chief insights officer at Logos — an initiative focused on developing decentralized peer-to-peer infrastructure for a network state — told Cointelegraph that network states will one day rival established countries and governance structures.
According to Petty, blockchain technology provides individuals with the three necessary components to establish self-governing, sovereign communities in cyberspace, which include trustless ownership, enforceable legal structures, and decentralized communication.
The executive added that the non-locality of network states gives them anti-fragile properties and an edge over traditional nations. Petty said:
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Author: Vince Quill
