Virtual Country (Tim Draper Thought Concept)

Is it possible that there are going to be entirely new virtual countries that don’t exist now? Yeah, there already are in fact. There is something called DAO, which is a new virtual country on the blockchain. They use ethereum (a decentralized platform for applications to run as designed without outside interference – ed.) for it and they’re creating their own set of rules and regulations. They are in fact much more efficient than most governments are.