🤞Demand and Opportunities

The demand for platforms like Pangea is underscored by the emerging challenges and opportunities in the digital world, supported by statistics and real-world examples:

Need for Secure Digital Identity Systems: A study by McKinsey Global Institute suggests that implementing digital IDs can unlock economic value equivalent to 3-13% of the 2030 GDP in emerging economies. The Pangea Passport, as a sovereign identity model, can play a pivotal role in this transformation by providing secure and universally recognised digital identities, especially in areas with low trust in traditional systems.

Opportunities in E-Governance Services: The United Nations E-Government Survey 2020 highlights a global trend towards digital government services, while also noting that most participatory discussions are still facilitated through social media at the city level. Pangea's platform aligns with this trend, offering enhanced e-governance solutions that are more transparent and participatory.

Collectively Owned, Autonomous Currencies: The increasing interest in decentralised currencies is evident from the rapid growth of the cryptocurrency market, which reached a valuation of over $2 trillion in 2021 [Ref#10]. Pangea's vision of creating collectively owned, autonomous currencies aligns with this trend. These user-friendly mediums of exchange can empower communities by facilitating equitable financial participation and offering an alternative to traditional financial systems. This approach not only fosters economic inclusivity but also aligns with the growing global interest in financial autonomy and community-driven economic models.

Creating Decentralised Marketplaces: The rise of decentralised finance (DeFi) has shown the potential for blockchain-based systems to transform markets. As per a report by DeFi Pulse, the total value locked in DeFi projects grew from under $1 billion in 2019 to over $40 billion in 2021 [Ref#11], indicating a significant market opportunity for decentralised marketplaces like those Pangea can facilitate.

Autonomous Governance Systems for Communities: Instances like Catalonia's push for independence or the self-governance efforts of small island nations demonstrate a real-world need for autonomous governance models [Ref #12]. Pangea can offer these communities the tools and infrastructure to establish their governance systems effectively.

Global Governance and Participation Platforms: According to the Pew Research Center, there is growing public interest in global participation platforms, with 70% of surveyed individuals expressing a desire for more direct involvement in political decision-making[Ref#13]. Pangea meets this demand by enabling global citizens to actively participate in governance processes.

Addressing Trust Issues with Web 4 Technologies: The World Economic Forum reports that trust in internet-based services is declining due to concerns over data privacy and security[Ref#14]. Pangea's use of Web 4.0 technologies can address these trust issues by providing a more secure and transparent digital environment.

Contributing to Social and Environmental Causes: The Global Impact Investing Network estimates the current market size of impact investing at $1.164 trillion, [Ref#15] reflecting a growing investor interest in projects that generate social and environmental impact. Pangea's commitment to addressing global challenges like climate change positions it to capture a share of this market.

The sections on Governance and Economics, further on in this paper, describes the options available and operation of Pangea governance and economic systems.