"decentralized" and "introduced via an initial coin offering (ICO)" are contradictory, so i'm curious what the scheme will actually look like. the government is openly using it as a fundraising scheme---much like the petro---to replace US reparations:
The government reportedly intends to use its ICO proceeds to bolster its coffers ahead of the termination of U.S. reparations payments, which amount to $30 million a year, meant to compensate islanders for the United States using site as a nuclear weapons testing ground in the 1940s and 1950s.
but i do like the sound of this. from the company that will apparently develop the protocol for the marshall islands government:
"Once we achieve success, the SOV will bring us several steps closer to a free, more liberated world. In which money flows peer to peer, instantly and cost effectively, and no ruler can arbitrarily print more of it," Ben-Ezer and Rahav added.