About MRC
Marianas Rai Corp. (MRC) is a technology solutions company based in The Commonwealth of the Northern Mariana Islands (the CNMI).
Our mission is to provide governments and institutions with the software and services to build, grow, and maintain vibrant digital economies.
The elite team unites industries and cultures and brings over 150 years of experience in technology, innovation, blockchain, regulatory, enforcement, and entrepreneurship.
About The CNMI
The Commonwealth of the Northern Mariana Islands (the CNMI) is an unincorporated territory and commonwealth of the United States consisting of 14 islands in the northwestern Pacific Ocean. The CNMI has a singular arrangement with the U.S. administered, since 1978, by the Covenant and unique among the states, territories, and other commonwealths.
The Covenant is a “mutually binding” document that “establish[es] a self-governing commonwealth for the Northern Mariana Islands within the American political system and … define[s] the … relationship between the Northern Mariana Islands and the United States.”
U.S. President Gerald Ford signs the Covenant Agreement that allowed the Northern Mariana Islands to enter into a political union with the United States, but with the right to local self-government on March 24, 1976. (Source)
The Rai Stones
The rai stones are large artifacts manufactured and treasured by the native inhabitants in Micronesia, specifically in Yap. The stones, weighing up to 8,800 lbs., were quarried from limestone on Palau, Guam, and Rota and have been used for centuries as a traditional form of money.
The ownership of a large stone, which would be too difficult to move, was established by its history as recorded in oral tradition rather than by its location. Appending a transfer to the oral history of the stone thus effected a change of ownership. This is very similar to Bitcoin and blockchain technology.
Rai stones were, and still are, used socially as part of important ceremonies such as marriages, inheritance, and signs of alliance. Marianas Rai Corp. is named in recognition and respect of the rai stones.
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