Recently, I came across some explosive news—The Bermuda government announced directly at Davos that they are planning a major move: moving the entire country's economy onto the blockchain!

This sounds like a pipe dream, but they are already taking concrete steps. The specific plans include:

✅ Government agencies pilot paying salaries and collecting taxes in USDC
✅ Promoting local businesses to fully adopt stablecoin payment systems
✅ Financial institutions integrating tokenized asset trading
✅ Rolling out digital financial education nationwide

The logic of Bermuda’s Prime Minister is straightforward: eliminate the high costs associated with traditional payment systems, allowing residents to directly enjoy the convenience and benefits of blockchain.

What does this mean? I think there are a few points worth considering:

1. If a nationwide on-chain economy truly takes off in Bermuda, it could serve as a replicable model for the world. Small countries might have an advantage—greater flexibility and lower adjustment costs.

2. With participation from leading international institutions and official government promotion, this indicates a quiet shift in attitudes among regulators and industry players. It may hint at a new wave of policy integration brewing.

3. This could inspire other small nations—using blockchain to "overtake on the bend," bypassing traditional financial cumbersome processes. We might see more countries experimenting with similar schemes, accelerating the restructuring of traditional financial systems.

Bermuda’s move might be the turning point where "sovereign states + crypto economy" merge. Will 2024 become the inaugural year for on-chain nations? Stay tuned.