Since the birth of democracy in ancient Greece, the political philosophy has seen iterations and interpretations that have shaped much of the world for centuries. However, at its core, the fundamentals of democracy always remain the same. That being transparency, accountability, and the capacity to shape how an organization, government, or state behaves. Over recent times, the world’s faith in democracy has been shaken. Across the last 150 years, communism has risen in the east, with states like China adopting communist principles with capitalistic tendencies.
Likewise, authoritarianism has sprouted not just in Asia but in the middle east and now Europe, with the Russian Ukraine war. Once again, authoritarianism is rearing its ugly head, threatening democracy in the state of Ukraine. Geopolitically, democracy is battling autocratic ideologies, hell-bent on taking center stage. Digitally, democracy is also fighting this battle, and it is winning this one.
The emergence of the decentralized nature of the blockchain and democratic norms through the ideas of the DAO has seen democracy sprout new forms digitally. The DAO or Decentralized Autonomous Organisation has seen democratic principles enshrined in organizations powered on the blockchain. The DAO ensures that its members behave transparently and responsibly, guaranteeing that all actions are democratic.
These organizations are not only powering Web3 but the future of humankind and its politics. In this issue of DDIntel, we will dive into these initiatives. We also give insight into past economics of history, the use of VR in social media, and more. We hope you enjoy our selection this week.