Appendix C: Rise Of AssetChains
This research paper provides a comprehensive overview of our theses regarding the predicted impact and development of national blockchain systems, specifically focusing on implications related to macroeconomics, private finance sector, DEFI and Web3 industry and broader considerations regarding decentralization and digital national security.
Here's a simplified explanation of each section
National Blockchain and Its Macroeconomic Impact
Theses A1 - A19 detail how national blockchain systems could revolutionize digital security, economic management, and public administration. Key ideas include the escalation of cyber warfare prompting the creation of national blockchains, the widespread tokenization of real-world assets, and the decentralization of digital public administration. This section also discusses the potential for such systems to automate taxation, enhance macroeconomic management, and encourage global adoption through the example set by a pioneering country.
Impact on DEFI and Web3 Industry
Theses B1-B7 explore how national blockchains could reshape the current decentralized finance (DEFI) and Web3 landscape. Predictions include the decline of current stablecoins in favor of national ones, linked directly to central banks minters, the end of anonymous and decentralized blockchains, and the potential obsolescence of existing real-world asset (RWA) tokenization solutions.
Impact on the Private Finance Sector
Theses C1-C5 consider the implications for traditional banking and financial services, suggesting a shift toward decentralized lending and borrowing, a unified digital security system, and significant changes in compliance, insurance, and asset management practices. The integration of national blockchains is seen as a catalyst for profound changes in credit provision, customer identification, and asset transfer.
Re-Decentralization
Thesis D1-D2 criticize the current state of decentralization in finance as inadequate and propose a "re-decentralization" effort facilitated by national blockchains, aiming for a more transparent, accountable, and equitable system.
Hidden Potential of National-Decentralized Systems
Theses F1-F2 highlight the transformative potential of national decentralized systems beyond financial applications. They suggest improvements in data storage, internet domain management, emergency services, democratic processes, and more, advocating for a reimagined internet infrastructure free from current monopolies.
It's worth emphasizing that while detailed research data and justifications for each thesis were excluded from this paper and will not be published for now. The intention is to focus on sparking the discussion on the ideas behind these theses within the current and future community, rather than defocusing on numbers and data.
The aim is to gather feedback and insights on these ideas and use them as foundational layers for broader considerations in the paper. This approach invites collaborative thought and critical engagement from the community, leveraging collective wisdom to refine and expand upon these initial propositions.
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