Blockchain Means More Than a Software to Democracy: Access to Fundamental Rights of Sixth Dimension

Andrea Garcia and Sam Goundar

Chapter 4 in Blockchain Technologies, Applications and Cryptocurrencies:Current Practice and Future Trends, 2020, pp 73-114 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Throughout history, five dimensions of basic needs have been created to establish the existential minimum. This research aims to demonstrate that Human Rights has since become the Sixth Dimension (in 2009), and it is one where the right of access to technology is fundamental to generating peace, dignity and a sustainable world. Establishing technology as a fundamental right is useful to guide the creation of an Annual Budget Plan by the leaders who use the fundamental rights to establish the margin of investment to be made in each sector proportionaly to the level of importance it would occupy in a citizen’s life. For these reasons, the research demonstrated evidence that Blockchain and Cryptocurrencies are much more than a payment system. The method used was scientific, with analysis of historical documents and social observation as well as observation into laws, doctrine and jurisprudence alongside data taken from socioeconomic statistical reports collected in 2017. This research was enough to show that Blockchain technology and Cryptocurrencies, when combined with AI and IoT, create the Smart Economy. Through poverty reduction, physical borders will be protected by virtual borders. Finally, the authors conclude that technology is a powerful accelerator of economic flow and can be a vehicle for the sustainable world, and this requires investments in such things as a Sixth Dimension of Human Rights that cannot be separated from others rights.

Keywords: Blockchains; Cryptocurrencies; Distributed Ledger Technologies; Bitcoin; FinTech (search for similar items in EconPapers)
JEL-codes: G20 L86 O3 (search for similar items in EconPapers)
Date: 2020
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