µniverse and Bharatverse: Web3 Explorations (Part 22)

Bharatverse – 2

To bring about the transformation India needs, the first step is to gain control of the Lok Sabha to implement the Nayi Disha Agenda. (I have explained this in my Manthan talk.) The “Swatantra Lok Sabha” – a Lok Sabha of Independents – needs unity among the non-aligned and non-voters (NANVs) who account for two-thirds of India’s voting population. If half of them can vote as one in every constituency, the first-past-the-post system will ensure that the candidates they support have a very good chance of victory. This is the decentralised political platform that needs to be created. Bharatverse is about imagining this new world where Indian voters come together on a digital platform to gain power, transform governance, and put in place new rules for the future to finally end the kakistocracy that has ensured Indians stay poor even as the politicians and bureaucrats amass wealth at their expense. Digital is the only way to bring people together in a cost-effective manner; the only physical world action that is needed is the casting of the vote on election day.

Creating a new political party is not the solution because it will also fall prey to the centralisation of power that every politician aspires for. The model has to be one built on the principle of decentralisation from day one. Therefore, it needs to be thought of as a platform, a DAO – decentralised autonomous organisation. The blockchain can ensure transparency and “Bhim” social tokens can create the incentive necessary to bring people together for a common purpose.

Eliot Couvat explains the social tokens idea:

Social tokens are a way to incentivize anyone to work toward joint projects in a DAO, a crypto-based decentralized community, in exchange for a digital currency. This digital currency can then be redeemed in exchange for other cryptocurrencies or special perks within the community the token is associated with, such as access to token-gated content, the right to vote on future strategic decisions, or early access to community NFTs.

DAOs are firstly virtual places where people passionate about the same things decide to join forces to hang out and achieve high-ambition goals. It’s not about work. It’s first and foremost about culture, about vibing together and creating what you’ve always wanted to create. In DAOs, culture comes first, products and projects come second. There are many types of DAOs, some focused on building products for the crypto world and some focused on social networking. All DAOs, even socially-focused ones, are building different products with different ways to organize their work, and social tokens are how they can accomplish these goals.

Social tokens are cryptocurrencies like any other regular cryptocurrency. But the benefit of creating a social token is to give community leaders the power over the distribution of the token.

…The point of creating a social token is to incentivize collaboration by making it easy to collaborate with individuals that you don’t know and that you don’t specifically trust. Instead of setting up contracts and legal status to cover each contributor at the beginning, social tokens enable transactions on a blockchain, meaning there is an irrefutable record of the exchange.

Nayi Disha as the vision, Voter Aggregation as the mission, United Voters of India (UVI) as the DAO which brings together the voters and candidates, Bhim as the social token, and Bharatverse as the virtual world which brings it all together – this is the path forward if we are to truly transform India not over multiple generations, but in the next election.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.