Indeed, it is a fairly novel concept but one that has been proven out by Urbit (urbit.org) over the last decade.
The core innovation that makes it possible is the Solid State Interpreter (see the vaporware site for links) - something like an event log-bssed virtual machine that is extremely simple and durable. end users "just start the binary" and never have to do any setup or maintenance.
Very interesting...
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I agree :)
I co-founded an urbit development shop before I co-founded vaporware. happy to answer any questions about either!
This is on my list of things to look into. It's a really fascinating way to go about things and I can think oh a few use cases already.