[[Smart Contractcontract]]s, [[cryptocurrencies]], and [[decentralized autonomous organization|Decentralized Autonomous Organization]] are mentioned as means to replace traditional ways of governance.<ref name=indiadao>{{cite news |last1=Bindra |first1=Jaspreet |title=Transforming India through blockchain |url=https://www.livemint.com/Technology/UZIex6fPPyAqVuTHqpzZiN/Transforming-India-through-blockchain.html |access-date=31 May 2020 |work=Livemint |date=30 March 2018}}</ref><ref>{{cite news |last1=Finn |first1=Ed |date=10 April 2017 |title=Do digital currencies spell the end of capitalism? |work=The Guardian |url=https://www.theguardian.com/science/political-science/2017/apr/10/do-digital-currencies-spell-the-end-of-capitalism |access-date=31 May 2020}}</ref><ref name=algocracyblockchain/> Cryptocurrencies are currencies, which are enabled by algorithms without a governmental [[central bank]].<ref>{{cite web |last1=Reiff |first1=Nathan |title=Blockchain Explained |website=Investopedia |url=https://www.investopedia.com/terms/b/blockchain.asp |access-date=31 May 2020}}</ref> [[Central bank digital currency]] often employs similar technology, but is differentiated from the fact that it does use a central bank. It is soon to be employed by major unions and governments such as the European Union and China. [[Smart contracts]] are self-executable [[contract]]s, whose objectives are the reduction of need in trusted governmental intermediators, arbitrations and enforcement costs.<ref>{{cite journal |last1=Szabo |first1=Nick |author-link1=Nick Szabo |title=View of Formalizing and Securing Relationships on Public Networks |journal=First Monday |date=1997 |doi=10.5210/fm.v2i9.548 |s2cid=33773111 |url=https://firstmonday.org/article/view/548/469 |access-date=2020-05-31 |archive-date=2022-04-10 |archive-url=https://web.archive.org/web/20220410235953/https://firstmonday.org/article/view/548/469 |url-status=dead |doi-access=free }}</ref><ref name=conbook>{{cite book |last1=Fries |first1=Martin |last2=P. Paal |first2=Boris |title=Smart Contracts |year=2019 |publisher=Mohr Siebeck |jstor=j.ctvn96h9r |isbn=978-3-16-156911-1 |language=de}}</ref> A decentralized autonomous organization is an [[organization]] represented by smart contracts that is transparent, controlled by shareholders and not influenced by a central government.<ref>{{cite web |title=What is DAO - Decentralized Autonomous Organizations |url=https://blockchainhub.net/dao-decentralized-autonomous-organization/ |website=BlockchainHub |access-date=31 May 2020}}</ref><ref>{{cite book |last=Prusty |first=Narayan |date=27 Apr 2017 |title=Building Blockchain Projects |url=https://books.google.com/books?id=80EwDwAAQBAJ |___location=Birmingham, UK |publisher=Packt |page=9 |isbn=9781787125339}}</ref><ref>{{citation |last1=Chohan |first1=Usman W. |title=The Decentralized Autonomous Organization and Governance Issues |date=4 December 2017 |publisher=Social Science Research Network |ssrn=3082055}}.</ref> Smart contracts have been discussed for use in such applications as use in (temporary) [[employment contract]]s<ref>[https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3270867 The Gig Economy, Smart Contracts and Disruption of traditional work arrangements]</ref><ref>[https://www.researchgate.net/publication/328657407_A_Blockchain-Based_Decentralized_System_for_Proper_Handling_of_Temporary_Employment_Contracts A blockchain-based decentralized system for proper handling of temporary employment contracts]</ref> and automatic transfership of funds and property (i.e. [[inheritance]], upon registration of a [[death certificate]]).<ref>[https://www.europarl.europa.eu/RegData/etudes/IDAN/2017/581948/EPRS_IDA(2017)581948_EN.pdf How blockchain technology could change our lives]</ref><ref>[https://medium.com/@illuminatesofficial/business-inheritance-in-blockchain-b3fab4613c8c Business inheritance in blockchain]</ref><ref>[https://www.inc.com/chris-j-snook/4-small-business-verticals-artificial-intelligence-blockchain-will-destroy-in-coming-decade.html Blockchain and AI are coming to kill these 4 business verticals]</ref><ref>[https://silentnotary.com/#project SilentNotary vision]</ref> Some countries such as Georgia and Sweden have already launched blockchain programs focusing on property ([[Title search|land titles]] and [[real estate]] ownership)<ref name=ukrainereuteers>{{cite news |last1=Chavez-Dreyfuss |first1=Gertrude |title=Ukraine launches big blockchain deal with tech firm Bitfury |url=https://www.reuters.com/article/us-ukraine-bitfury-blockchain-idUSKBN17F0N2 |access-date=15 August 2021 |work=Reuters |date=17 April 2017}}</ref><ref>[https://bitfury.com/content/downloads/the_bitfury_group_republic_of_georgia_expand_blockchain_pilot_2_7_16.pdf The Bitfury Group and Government of Republic of Georgia Expand Blockchain Pilot]</ref><ref>[https://www.mitpressjournals.org/doi/pdf/10.1162/inov_a_00276 A BLOCKCHAIN - Journals Gateway]</ref><ref>[https://www.oecd.org/corruption/integrity-forum/academic-papers/Georg%20Eder-%20Blockchain%20-%20Ghana_verified.pdf Digital Transformation: Blockchain and Land Titles]</ref> Ukraine is also looking at other areas too such as [[Public records|state registers]].<ref name=ukrainereuteers/>
