Asgardia has experienced an incredible journey since its creation in 2016. We have been embraced by people from across the world, growing to over 170k citizens and becoming the 174th largest nation by population. In December 2017, Asgardia launched its first satellite and in 2018 its institutions, including a parliament and government, will begin to take shape.
The competition winner(s) will receive a $10,000 USD prize and the chance to work with Asgardia to make their proposal a reality.
The Criteria
1 At this early stage in Asgardia’s evolution, we welcome any and all ideas that will promote and sustain economic growth. We especially encourage proposals that are based on or support:
Open source software
Decentralized systems
Fault-tolerant and secure architecture
Sustainability and environmental friendliness
Cryptocurrency and blockchain technology
2 Furthermore, ideal solutions are those that will address these three core aspects of a financial system (the third being beyond the scope of most present-day digital financial systems, such as cryptocurrencies):
Payment instrument for services and goods (payment functions)
Savings functions
Liquidity of the national currency (open-loop system)
3 Lastly, we are committed to a transparent financial ecosystem, but one that also takes all possible measures to safeguard sensitive financial data. This is where a balance between decentralized and centralized systems may prove useful.
https://asgardia.space/en/contest/finance-economics-competition/
