Norway’s First Private, Autonomous City Incorporates Cryptocurrency, “Voluntaryism”

Liberstad, Norway’s first private, autonomous city strives to be created with “efficiency, transparency, and community in mind”. A private city is a city that is owned and operated exclusively by private individuals and/or organizations and provides all of the public services for the city itself. Though not a separate state – it must comply with Norway’s laws – Liberstad is being built on a handful of philosophical principles, including “voluntaryism,” which supports the idea that “all interactions between people should be voluntary.”

Liberstad has adopted City Coin (CITY) as its official currency. City Coin is a form of  cryptocurrency based on City Chain – a smart city platform that enables the design, implementation, and use of next-generation services for smart cities and their inhabitants. As the first cryptocurrency to be officially adopted by a smart city, City Coin is the only medium of exchange within Liberstad. It will be used for the payment of city services and worker wages and for funding civic projects.

According to City Chain Labs, its platform gives existing and emerging cities like Liberstad the opportunity to build and offer services conducted on a private, internal, and voluntary basis. City Chain’s suite of features includes City Hub, a dashboard for smart city residents where they can interact with the community, manage their identities, create city-wide initiatives or vote on existing ones, register property, contract insurance, and more. City Hub’s voting framework will be implemented in the Liberstad Incubator Program “to allow investors to vote on suggested applications to the incubator program.”