I will quote from an article I wrote in CoinDesk last year:

https://www.coindesk.com/tech/2020/03/12/in-defense-of-block...

  For every technology we use today, there was a time it was laughably inadequate as a replacement for what came before.

Code isn’t law, code is better than law. I wondered what I would have done 300 years agi before computers, and realized I’d probably be an architect or one of those lawmaker guys who wrote the Constitution. I mean think about it … you’re setting initial conditions, trying to think of edge cases, putting in Byzantine Consensus (checks and balances between branches of government, mutually distrusting parties checking election results etc.), but making it an Upgradeable smart contracts (process to do amendments etc.)

Now CODE can do a lot more. In our applications for instance, you can:

1) Know the average amount spent on food or clothing by a citizen of a city

2) Vote on how much of food, clothing etc to simply subsidize by issuing more currency and airdropping it to the people (universal basic income)

3) Take a dot product between 1 and 2, and issue the universal basic income or stipend etc. and redistribute the wealth in the community according to the

And best of all — it is entirely voluntary, thanks to smart contracts. No one has to accept your currency by fiat. But if they do, they’re helping to end food insecurity in your community. Just like that. No representative democracy and out of touch elites. Just the community taking care of its business and its vulnerable. Via a smart contract and decision making.

And that is just ONE of the many applications that are possible. Intercoin has produced 10-15 applications that can all work together like LEGOs. Now we will be giving them to communities. Here are some more possibilities:

https://intercoin.org/communities.pdf