How Blockchain Can Improve the Democratic Process and Enable a Liquid Democracy

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With the authoritarian model gaining strength in the world and President Xi Jinping of China consolidating his power and changing the rules to effectively become “emperor for life, democracy is having a tough time at the moment. Even President Trump praised Xi’s move and joked about doing the same thing in the US.

The Democracy Index, developed by the Economist Intelligence Unit (EIU), measures the state of democracy in 167 countries. The 2017 edition of the Democracy Index, showed that 19 countries are a full democracy, 57 countries are a flawed democracy, 39 countries are a hybrid regime and 52 countries have an authoritarian regime. The index measures components such as the electoral process, the functioning of the government, the level of political participation, the political culture and civil liberties. With only 11% of the countries being a full democracy and 23% being a flawed democracy, there is still a long road to go.

Despite the long road ahead of us, democracies have been performing better in terms of consistency of growth as well as social welfare dimensions such as life expectancy or child mortality. That does not mean that the current form of democracy is the best form. As Winston Churchill …

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