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New Ethereum based project ‘Hermicity’ releases rainbow paper

Hermicity, a new Ethereum based project that aims to make solo living accessible, has released its rainbow paper.

Developed by John Dummett, an 18 years old coder and designer from Australia, the project puts forward the concept of “Hermit cities” powered by decentralised autonomous organisations (DAOs) on the Ethereum blockchain. It facilitates hermit lifestyle, meaning people would be able to stay in isolated homes with little social interactions.

The Merkle reported that Dummett came up with the idea of sending packages of Soylent, a nutritionally complete and cost effective food, using a combination of drones, smart-contracts, and ether to Hermicities.

“Residency is paid for with ether to a smart contract. The smart contract will dispatch a drone, bearing supplies, from a solar powered docking station to the dwellings and will verify that services are delivered. Powering your hermit lifestyle via a DAO ensures that you can live alone with peace of mind”, the website reads.

The paper explains the structure and processes of Hermicity, broken into two layers – Meta and Reality:

  • Meta is the governance and financing layer of Hermicity. It is a parent DAO through which anyone in the world can propose a Hermicity. Through an auction process, these future residencies are bid for with ether.
     
  • Reality is the process of deploying and operating Hermicities. When a proposal is successfully funded through Meta, a new DAO is birthed to hold the resident's ether. Reality encompasses the individual Hermicities, although each Reality is independent of every other Reality and the world outside of it.

“Proposals are submitted via IPFS to the Hermicity forums, detailing a potential Hermicity. The eligibility of each proposal is assessed with a prediction market, key metrics being viability (as a percentage) and estimated capital gain (in Ether). This provides a rough consensus as to whether the particular Hermicity proposed should move to the funding stage”, the paper explains.

It calls Meta as the “future of real estate development, ownership and operation of property” and regards Reality as the “future of civilization”.

Hermicity will use a general DAO framework with successive improvements to allow room for growth. For ensuring compliance with government regulations, it will require a real world custodian – a legal entity – similar to DAO.Link.

“The first community on Mars will not be enabled by a state, nor a private company, it will be a Hermicity”, the website reads.

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