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E-residency And Blockchain

Blockchain And E-residency A Perfect Partnership

Blockchain And E-residency A Perfect Partnership

Estonias E-residency program, has taken a step forward with a new offering from Change , aSingapore and Estonia-based company. Change is building a marketplace offering seamless access to numerous financial services within a single platform, as well as a spending card. The company is going to conduct an initial coin offering (ICO) on 16 September to fund the creation of this first decentralized bank. They are piloting with the use of digital identification through the e-Residency programme by the Government of Estonia. Digital Identity is one of the keys to solving financial inclusion so we are delighted that Change is using our secure government-backed digital identities to help solve this issue and develop their business. Kaspar Korjus We live in a time where for almost every single service a bank offers, there is a Fintech company that utilizes state-of-the-art technology and a lean & mean team to provide a better, faster and cheaper service. This isnt a forecast, this is today, says Kristjan Kangro, CEO of Change. The company focuses on nailing one specific service, be it transfers (Transferwise), payments (Stripe), investing (Smartly) or insurance (Oscar). Powered by blockchain technology and crypto currencies, Changes marketplace will allow a user to select between various specialized Fintech service-providers, all within the same app. To ensure a seamless experience and operational efficiency, all service-providers are connected via an open API. By using crypto currencies, Change can surpass drawbacks of existing financial infrastructure. In order for the marketplace to be regulatorily compliant, Change is building a multi-tiered standardized KYC (Know-Your-Customer) utility. Users wont need to present extensive information to simply sign up for the app and get Continue reading >>

Ksi Blockchain E-estonia

Ksi Blockchain E-estonia

KSI is a blockchain technology designed in Estonia and used globally to make sure networks, systems and data are free of compromise, all while retaining 100% data privacy. A blockchain is a distributed public ledger a database with a set of pre-defined rules for how the ledger is appended by the distributed consensus of the participants in the system. Due to its widely witnessed property, blockchain technology makes it also impossible to change the data already on the blockchain. KSI Blockchain scales to1012items of data every second With KSI Blockchain deployed in Estonian government networks, history cannot be rewritten by anybody and the authenticity of the electronic data can be mathematically proven. It means that no-one not hackers, not system administrators, and not even government itself can manipulate the data and get away with that. The e-Law system is an online database for the Estonian Ministry of Justice that allows the public to read every draft law submitted since February 2003. Built using blockchain technology, it is formally known as the Electronic Coordination System for Draft Legislation. Readers can see who submitted the legislation, its current status, and changes made to it as it passed through the parliamentary process. Once an act becomes law, it is published in the online state gazette Riigi Teataja, another searchable database that acts as an open legal library. A similar system used by Tallinn City Council makes it possible to follow all council sessions online, while city legislation and other documents are available on the municipal homepage. Projects such as these create an unprecedented level of transparency in the state, cut down on corruption, and encourage citizens to take an active interest in legislative affairs. To increase interna Continue reading >>

E-residency And Blockchain

E-residency And Blockchain

Volume 33, Issue 4 , August 2017, Pages 470-481 Get rights and content In December 2014, Estonia became the first nation to open its digital borders to enable anyone, anywhere in the world to apply to become an e-Resident. Estonian e-Residency is essentially a commercial initiative. The e-ID issued to Estonian e-Residents enables commercial activities with the public and private sectors. It does not provide citizenship in its traditional sense, and the e-ID provided to e-Residents is not a travel document. However, in many ways it is an international passport to the virtual world. E-Residency is a profound change and the recent announcement that the Estonian government is now partnering with Bitnation to offer a public notary service to Estonian e-Residents based on blockchain technology is of significance. The application of blockchain to e-Residency has the potential to fundamentally change the way identity information is controlled and authenticated. This paper examines the legal, policy, and technical implications of this development. Continue reading >>

Estonia E-residency & Blockchain Governance, Explained

Estonia E-residency & Blockchain Governance, Explained

Estonia E-Residency & Blockchain Governance, Explained Estonia is a small Baltic nation of 1.3 million people, but theyre leading a digital revolution in governance with the Estonia e-Residency program. Its a country where the state drives technological innovation, not just the private sector. Since 2007, theyve been working on proposals to digitize identity and citizenship. Today, every citizen of Estonia has their own ID card and PIN that links with their digital identity. Recently, in 2015, Estonia opened this digital identity system up to non-citizens. Anyone in the world can now apply to become an e-resident of Estonia. Being an e-resident doesnt confer citizenship, but it does allow you to open a bank account and start a business in Estonia. In the future, Estonia hopes to expand the capabilities of e-residency. In this article, well look at what e-residency entails, how to become an e-resident, and Estonias future plans for digital identity and blockchain-based governance. Estonia is well-known in the region as a tech and startup hub. Theyve been at the forefront of digitizing state services over the past few years. U.S. President Barack Obama, when visiting Estonia, remarked, With their digital IDs, Estonians can use their smartphones to get just about anything done online, from their childrens grades to their health records I should have called the Estonians when we were setting up our health care website. Citizens can use their ID cards to vote online and all government records are accessible online. Moreover, Estonian citizens control their data. They can choose to restrict access to various information in their personal profiles. The new e-residency program opens some of the functionality of citizen IDs to the entire world. The Estonian government calls the Continue reading >>

Estonian Id Integration

Estonian Id Integration

Authenticate yourself at Stamp.io via e-Residencys government issued digital IDs The Republic of Estonia is the first country to offer e-Residency a transnational digital identity available to anyone in the world interested in administering a location-independent business online. e-Residency additionally enables secure and convenient digital services that facilitate credibility and trust online. Verify the authenticity of signed documents Administer the company from anywhere in the world Conduct e-banking and remote money transfers Digital signatures and authentication are legally equivalent to handwritten signatures and face-to-face identification in Estonia and between partners upon agreement anywhere around the world. Recent changes in EU law mean that within the next few years Estonian e-residents will be able to easily identify themselves, access online services, and conduct business across Europe. The e-Resident ID card and services are built on state-of-the-art technological solutions, including 2048-bit public key encryption. The smart ID card contains a microchip with two security certificates: one for authentication, called PIN1, and another for digital signing, called PIN2. PIN1 is a minimum 4-digit number used for authorization, and PIN2 is a minimum 5-digit number for digital signing. Your browser does not support the video tag. Continue reading >>

E-residency E-estonia

E-residency E-estonia

Estonia has by far the most highly-developed national ID card system in the world. Much more than a legal photo ID, the mandatory national card also provides digital access to all of Estonias secure e-services. The chip on the card carries embedded files, and using 2048-bit public key encryption, it can be used as definitive proof of ID in an electronic environment. Here are some examples of how the ID-card is regularly used in Estonia: 5 daysper year saved with digital signatures legal travel ID for Estonian citizens travelling within the EU Thanks to the ID-card, Estonia has one of the worlds most advanced digital signature systems. To learn more about the ID-card, visit the ID-card webpage Find out, what are the costs on signing contracts in Your organization Mobile-ID allows people to use a mobile phone as a form of secure digital ID. Like the ID-card, it can be used to access secure e-services and digitally sign documents, but has the added advantage of not requiring a card reader. The system is based on a special Mobile-ID SIM card, which the customer must request from the mobile phone operator. Private keys are stored on the mobile SIM card along with a small application delivering the authentication and signature functions. Heres how a Mobile-ID is used to log into a secure site, for instance a bank account: The user clicks the Log in with Mobile-ID option on a supported website The phone beeps and displays a screen indicating that a connection is being made The user is prompted to enter a Mobile-ID pin code into the phone The screen on the phone disappears and the user gains access to the secure website As smart phones have become standard, having the Mobile-ID option will become increasingly handy, allowing users to vote, for instance, via a phones web browse Continue reading >>

Estonia's Plans To Build A Digital Nation Using Blockchain Are Taking Shape

Estonia's Plans To Build A Digital Nation Using Blockchain Are Taking Shape

Estonias Plans to Build a Digital Nation Using Blockchain Are Taking Shape Earlier this August, government officials from Estonia announced plans for a national cryptocurrency.Ever since the proposal for whats been dubbed the estcoin came out, cryptocurrency enthusiasts have expressed their interest for an Initial Coin Offering (ICO) or token sale for estcoin. Much of the support comes from understanding what the estcoin would be for as a currency to support Estonias plans for a digital nation, a program they call e-Residency. While the Baltic nation isnt the first to have shown interest in adapting an official cryptocurrency, Estonias plans seem to have a more solid foundation than the Chinese protoytpe or Russias dreams of an Ethereum blockchain . In a blog post on December 19, 2017, e-Residency program managing director Kaspar Korjus explained three potential uses for estcoin . The crypto coin would primarily serve as a community token for Estonias e-residents, and plans for this crypto token system have been unveiled this week. Korjus described the e-Residency program as a government startup, in which virtually anyone with access to the internet can become a digital citizen of Estonia. The idea is to simplify the requirements for setting up a business in Estonia. Join the digital nation, says the e-Residency official website . Ethereum co-founder Vitalik Buterin said that the e-Residency program and estcoin would benefit from being built on a blockchain. [I]f these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications, Buterin wrote in his blog , where he gave feedback on the whole p Continue reading >>

Welcome To The Blockchain Nation

Welcome To The Blockchain Nation

The worlds most advanced digital nation is helping entrepreneurs unleash the potential of blockchain technology. If you want a glimpse at the future potential of blockchain, visit Estonia . Ten years ago, our country gained the unenviable title of being the first in the world to experience a nationwide cyber attack. Although no data was compromised, the attackers sent large amounts of web traffic to overwhelm systems in an attempt to take them offline. This caused temporary disruption to a country that was already investing heavily in digital governance and emerging as a thriving startup hub, particularly for digital services. Skype was born here just five years earlier. As a result, the attack also served as a wake-up call for how the countrys digital infrastructure could be further secured through radical new technology. The longer term impact of the attack is that it helped Estonia develop into what is now widely considered to be the worlds most advanced digital nation. Today, almost all public services in Estonia are digitalised and accessed through secure digital identities that are provided to every citizen and resident. The technology behind this digital infrastructure is incredibly impressive. The Public Key Infrastructure (PKI) and eID system is based on advanced encryption technology and includes 2-factor authentication. Data is decentralised, yet never duplicated and always shared securely thanks to the X-Road. You can find out more in this short video. One of the innovations that was integrated into several of these services is a distributed ledger that can never be erased or rewritten. This kind of ledger technology is now more commonly known as a blockchain and is more famous for its role in enabling cryptocurrencies like Bitcoin and Ethereum to operate w Continue reading >>

Estonia Partners With Change Bank For Blockchain E-residency Program

Estonia Partners With Change Bank For Blockchain E-residency Program

Estonia Partners With Change Bank for Blockchain e-Residency Program September 28, 2017, 12:39:48 PM EDT By Giulio Prisco, Distributed Change Bank is a global cryptobank offering a wide range of financial services including investment opportunities on a global marketplace, support for cryptocurrencies, insurance and more. Change Bank is headquartered in Singapore, a global financial and innovation hub, and licensed by the Monetary Authority of Singapore (MAS). The Bank also has a strong presence in Estonia. In October 2014, the Estonian government launched its " e-Residency " program, which offers anyone, anywhere a digital identity issued by the government with the potential to start and operate a business online under Estonian regulations. In the same innovative, digital spirit, Estonia could issue crypto tokens to e-residents , becoming the first country with an initial coin offering (ICO). The e-Residency program is creating a new borderless, digital nation where many opportunities provided by traditional nations can be offered entirely online, said program manager Kaspar Korjus. Of course, modern digital banking services are an integral part of a borderless digital nation. Change Bank considers Estonia as the most digitally advanced society in the world and has partnered with the e-Residency program to make Change's banking services available to the projected 10 million e-residents. In fact, Change Bank wants to be the first decentralized crypto bank for e-residents and leverage the e-Residency program's digital identities for identification. "Digital identity is one of the keys to solving financial inclusion so we are delighted that Change is using our secure, government-backed digital identities to help solve this issue and develop their business," said Korjus. Continue reading >>

Clare Sullivan | Comcast Center Of Excellence For Security Innovation

Clare Sullivan | Comcast Center Of Excellence For Security Innovation

Comcast Center of Excellence for Security Innovation Abstract: Estonian e-Residency and Blockchain In December 2014, Estonia became the first nation to open its digital borders to enable anyone, anywhere in the world to apply to become an e-Resident. Estonian e-Residency is essentially a commercial initiative. The e-ID issued to Estonian e-Residents enables commercial activities with the public and private sectors. It does not provide citizenship in its traditional sense, and the e-ID provided to e-Residents is not a travel document. However, in many ways it is an international passport to the virtual world. E-Residency is a profound change and the announcement that the Estonian government is now collaborating with Bitnation to offer a public notary service to Estonian e-Residents based on blockchain technology is significant. The application of blockchain to e-Residency has the potential to fundamentally change the way identity information is controlled and authenticated. This talk examines the legal, policy, and technical implications of this development. Dr Clare Sullivan is a Professor at the Law Center, and a Fellow at the Center on National Security and the Law, at Georgetown University. Professor Sullivan is the author of internationally published articles on digital identity, privacy and cyber security, the first report on international trade-based money laundering, Digital Identity, the first international study of the legal implications of digital identity, and a report for the Commonwealth Secretariat examining digital identity, privacy, and data security in 54 Commonwealth countries. She is currently undertaking research for the U.S. Department of Defense on the national security implications of e-Residency, research for a consortium of U.S. corporations on Continue reading >>

E-residency And Blockchain

E-residency And Blockchain

In December 2014 Estonia became the first nation to open its digital borders to enable anyone, anywhere in the world to apply to become an Estonian e-Resident. Although labeled residency, Estonian e-Residency is essentially a commercial initiative. The e-ID issued to Estonian e-residents enables commercial activities in the public and private sectors. It does not provide citizenship in its traditional sense. The e-ID provided to e-Residents is not a travel document but in many ways it is an international passport to the virtual world. Like a passport, an e-ID is issued by a nation state. Unlike a passport, any citizen of any country can acquire this validated identity. As such, E-Residency is a profound change in global identity management. In addition, the recent announcement that the Estonian government is now partnering with Bitnation to offer a public notary service to Estonian e-Residents based on blockchain technology is of major significance. In particular, e-Residency raises questions of sovereignty, who vouches and backs identity, and who accepts a nation-state backed, yet commercial Internet identity. The application of blockchain to e-Residency has the potential to fundamentally change the way identity information is controlled and authenticated and used in the communications context. As far as we are aware, this is the first study of its kind to examine these policy issues around blockchain. This paper examines the legal, policy and technical implications of this development. Keywords: Internet Governance, Identity Management, Economic Sovereignty, Policy Sullivan, Clare Linda and Burger, Eric W., E-Residency and Blockchain (March 31, 2016). TPRC 44: The 44th Research Conference on Communication, Information and Internet Policy 2016. Available at SSRN: Continue reading >>

Estonia Inches Closer To National 'crypto Token' Launch

Estonia Inches Closer To National 'crypto Token' Launch

Estonia Inches Closer to National 'Crypto Token' Launch The Baltic nation of Estoniais moving closer toward the potential launch of its own crypto token. In a blog post published today, Kaspar Korjus, managing directorof the country's e-Residency initiative, set out three possible use cases for the token - dubbed "estcoin" - that have been arrived at since the concept was first aired in August. As Korjus noted in his blog post, the concept quickly went viral as speculation swirled that Estonia might become the first country with its own dedicated digital currency. And while the e-Residency program isn't yet launching the token, Korjus laid out some of the conceptual groundwork in the new blog post, noting the different ways in which the cryptocurrency might be used - as well as how the e-Residency program could serve as a basis for how initial coin offerings within the Baltic nation could be conducted. Firstly,Korjus sets out the case for a "community estcoin," which would be aimedto support the objective of developing Estonia's aims to build a "digital nation" by incentivising people to "apply for and make greater use of e-Residency." This could include rewards schemes that pay out in estcoin, encouraging businesses to adopt the token, and also includes "encouraging investors and entrepreneurs to use e-Residency as their platform for trusted ICO activity," he said. A second use case for the token would be to provide a basis for secure, government-issued digital identities. In this role, estcoins would be used as "blockchain-based tokens used for activities within our digital society, such as digitally signing documents, logging into services or enforcing smart contracts,"Korjus indicates. While "identity estcoins" may ultimately need to be bought by users of the e-Res Continue reading >>

Back Again: Estonia Announces Plans For E-residency Cryptocurrency, Estcoin

Back Again: Estonia Announces Plans For E-residency Cryptocurrency, Estcoin

Back Again: Estonia Announces Plans for e-Residency Cryptocurrency, Estcoin Join our community of 10 000 traders on Hacked.com for just $39 per month. Remarkably, the blockchain system has evolved into building concepts that were not originally intended for a decentralized ledger technology. Such will be the case of Estonias proposed e-Residency Project , powered by the Nation itself, and expected to be a platform that builds a digital nation for global citizens. Virtual reality is one thing, however, a virtual community based on a real-life landmass is novel. Although, the programme started in 2014, the programme is currently moving at a fast pace and is receiving the cooperation it requires and its community is growing exponentially. It was originally intended for location-independent entrepreneurs and non-Estonians who had interest in investing in the country without physically being present. Back in August, 2017 , the Estonian government proposed its own currency based on the blockchain a national cryptocurrency, which would have made them the first country whose currency was decentralized. However, it received an astonishing reprimand from the higher-ups , as Estonia is a country under the EU jurisdiction and euro is the central currency, for Estonia to have its own separate currency was unacceptable. Whereas, crypto enthusiasts were excited and embraced the idea of a country finally accepting the responsibilities of cryptocurrencies. More so, the responses of crypto entrepreneurs are no different from previous crypto projects, they wouldnt mind purchasing estcoin, even if at the moment all the coin is, a solution looking for a problem. Estonias objectives implied are honorable, as they intend to increase their income per capita, through the networks built on the Continue reading >>

E-residency New Digital Nation

E-residency New Digital Nation

Even though there are only a little over a million of us, thanks to Estonias capabilities, we can make ten million payments, perform ten million requests and sign ten million contracts in just ten minutes. Even ten times larger states cannot beat us. But the good news is that it is possible to join our exclusive club of digitally empowered citizens. Senior Editor of The Economist and 1st e-resident Estonias e-Residency is a game-changer. Anyone in the world can now apply for a rock-solid digital ID, giving them what Estonians have taken for granted for years: the ability to identify themselves online, to make binding agreements and to communicate securely. This turns the internet from a confusing Wild West into an environment where trustful interaction is frictionless and ubiquitous. e-Residency makes it easy for anyone in the world to invest in the innovative startup ecosystem in Estonia. Founding Partner of Draper Associates and DFJ The Estonian government has shown great forethought in creating the first virtual government, allowing all citizens of the world participate in the growth and business of Estonia. As we become more mobile and able to communicate across borders freely, geographic borders dissolve allowing us all to choose which government is right for us. Governments need to compete for the great minds, the capital, the businesses, and the citizens of the world. We believe no one should be held back from their entrepreneurial potential just because of where they live or where they choose to travel. Through e-Residency, a new digital nation is emerging with a population who share that vision of a borderless digital world for all. Were very thankful to all the pioneers and early adopters that are already benefiting from e-Residency, but were also really exci Continue reading >>

Estonian Start-up Crowdcoinage Launches Revolutionary Financial Ecosystem Powered By E-residency And Blockchain

Estonian Start-up Crowdcoinage Launches Revolutionary Financial Ecosystem Powered By E-residency And Blockchain

Estonian Start-up CrowdCoinage Launches Revolutionary Financial Ecosystem Powered by e-Residency and Blockchain TALLINN, Estonia, January 10, 2018 /PRNewswire/ -- CrowdCoinage, Financial ecosystem for funding powered by blockchain and e-Residency, has announced the launch of its Public CCOS Token Sale, commencing January 15, 2018 and concluding March 12, 2018. CrowdCoinage provides financial ecosystem OS for startups and companies to grow outside the borders. Transparent and user-friendly financial operating system also solves the ICO fraud problem, by making sure the collected investments will be used purposefully. Estonian unique e-Residency, the CCOS and blockchain solution open the ICO market to founders and investors from countries where it's banned or hard to do. "The project aims to involve community's attention and raise funding for startups with huge potential which can change the world," said Peep Paum, the CEO of CrowdCoinage. "Moreover, CrowdCoinage is going to protect investors from potential ICO frauds and gives them more control over their investment," he added. The first version of the OS focuses on the functionality of crowdfunding. The user gains insight into the steps on how to create an ICO campaign from the scratch by filling a form. In addition, it will be possible for users to see how to contribute to the project by inserting the amount they want to invest. In the future development, the CC platform will provide a job marketplace and a broad variety of financial blockchain services: P2P loans, insurance, saving deposits, debit cards, an exchange and a wallet. KYC will be handled by deep integration with Estonian e-Residency program. Estonian e-Residency is a government-issued digital ID available to anyone in the world. E-Residency offers the pos Continue reading >>

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