10.3. The Foundation

Kickstarting the Economy

The economy's kickstarting takes place as soon as the global and national blockchains begin to operate.

Several factors accelerate the implementation of the Software Democracy economy.

The Influx of Monetary Capital

The conversion of current currency into Software Democracy currency allows the inflow of financial capital into the system. The state can face this conversion and issue currency, taking the currency from the old system as collateral.

Of course, this will have to be adapted according to monetary policy and to control currency fluctuations.

This will also allow the Software Democracy to acquire means of action in the current world.

The Contribution of Assets

The contribution of assets to the Software Democracy, in the form of NFTs, increases the wealth of the Software Democracy economy. Even better, assets registered on the digital economy's NFT blockchain can be used as collateral to obtain credit.

The initial contribution of assets to the Software Democracy must obviously be controlled to prevent situations where an asset could be sold in both the old and new systems simultaneously.

Ease of Use

Anyone can become a member of the Software Democracy, start receiving a Universal Basic Income, and use it freely to buy goods or services.

It is easy to create a business and invoice for services. It is easy to own property, sell it, rent it, or borrow against part of its value.

This ease of use encourages the launch of the Software Democracy economy.