Everyone from corporate giants like Visa and Anheuser-Busch to socialist Paris Hilton and NBA legend Michael Jordan and Kevin Durant seem to have recognized the growing importance of non-fungible tokens (NFT) for the economy in the twenty-first century.

Internationally renowned artists, athletes and musicians exploit this madness by legitimizing this new use of technology that makes it possible to own a wide range of digital assets. But the real test of this innovation will not be how the rich can help carry on their positions of power, but how non-financial organizations can promote human rights and other public goods.

The right to self-determination
Let’s start with the most misunderstood international human right – the right to self-determination. This was the basic principle that underpinned “Fourteen Points” to US President Woodrow Wilson at the end of World War I, which appeared in the 1945 UN Charter and was incorporated into the UN International Declaration of Human Rights.

Although self-determination gives all “peoples” the right to “freely determine their political status and freely pursue their economic, social and cultural development”, its implementation was limited to national liberation movements that sought to become completely independent states after long struggles for decolonization. … Nobody needs the app. But now that symbols are interchangeable, the right to self-determination can be fully realized outside the context of the state.

The right to vote, including access to and confidence in the electoral process, can be secured through unbreakable codes that make them more accessible and strengthen the democratic process. It is possible to imagine a political world where civil rights are replaced by membership rights contained in smart contracts. An NFT owner can vote on proposals in the wider community of other NFT owners and see changes triggered in real time via smart contracts. Blockchain voting can solve a number of current problems in the real world, especially fraud or access to polls.

Related: Blockchain is transforming public services, and this is just the beginning

NFT for governments
There are countless ways NFTs can contribute to achieving economic, political and social goals. In such a system, states will no longer be the sole judge in disputes, property rights or the performance of contracts. All this can be done with the help of smart contracts on the blockchain. We can develop a new system where individuals or political groups (whose members are STCs) vote on mechanisms for more efficient distribution of goods and services, instead of being enforced by a besieged, inefficient or traditional bureaucracy. Goodbye politics, as always.

After all, if we are registered Democrats, Republicans or Independents, we do not need to vote evenly. We can support gun rights, but we can also be open to choices about abortion and vaccinations. An individual can easily demonstrate support for a variety of reasons, simply by monitoring which of the underlying NFTs coincide with group membership. Through this change, we can have many ways to define “I” outside our nation, or even traditional identity politics. We can subscribe to be part of other societies instead of caring about the jurisdiction and inclinations of our predefined cultural, economic, religious, social or political groups.

On the topic: Decentralized Parties: The Future of Networked Governance

Self-determination should therefore not be about the state. This is a major step forward when looking at the series of failed separatist projects after World War II, when apostate provinces sought greater self-determination. Examples include the catastrophic civil wars that led to the collapse of the former Yugoslav Socialist Republic (1990s), Katanga (1962) and Biafra (1967).

In the latest example, the leaders of Biafra wanted the region to be a separate country, separate from Nigeria. Large parts of Africa were recently decolonized, so other separatist movements were seen as a threat to the continent’s political stability. Only a handful of African countries recognized Biafra’s independence, a movement doomed to failure. An estimated half a million to two million people starved to death in the Civil War during this sinister exercise of self-determination: the fight to defend human rights has never gone wrong.

Source: CoinTelegraph