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Estonia Blockchain Company

Lexit - Startup Marketplace Powered By The Blockchain

Lexit - Startup Marketplace Powered By The Blockchain

LEXIT is the first marketplace for IP and entire companies LEXIT allows entrepreneurs to trade intellectual property, copyrights and technology from discontinued projects, and even sell whole startups. Blockchain-based tokenization models and the disintermediation of appraisement and matchmaking services allow LEXIT to make Mergers & Acquisitions as easy as selling a car or real-estate. LEXIT revolutionizes Mergers & Acquisitions by replacing expensive and inefficient mediators with a distributed network of independent assessors and matchmakers. On LEXIT's easy-to-use marketplace, buyers and sellers meet directly, en masse, allowing market forces and network dynamics to bring M&A up to unparalleled speeds. LEXIT is Powered by a Distributed Network All projects listed on LEXIT are verified, analyzed, and assessed by a distributed network of independent appraisers and industry specific specialists. LEXITs service providers are screened, high-quality contractors, subjected to a rating and reputation system, generated through buyer input. To cut the best deals in the industry, LEXIT maintains a global partner program of highly connected players in the Tech ecosystem. LEXITs partners are incentivized to reach out to their large business networks and connect thousands of buyers and sellers. The LEXIT Solution allows for M&A processes to be concluded four times as fast, at about a quarter of the traditional costs. Entrepreneurs are empowered to discover the true value of their assets on a vibrant and highly liquid marketplace, without having to bear overpriced prepayments. And most importantly - for the first time an efficient market for IP and patents is established, allowing companies to trade assets as conveniently as one would buy or sell a car or real estate. Introducing Continue reading >>

Is Estonia A Preview Of Our Tech Future? | Fortune

Is Estonia A Preview Of Our Tech Future? | Fortune

On a Spring afternoon, Im gazing out the window of an office building on the outskirts of Estonias capital, Tallinn, watching people stroll below, when a cream-colored plastic container mounted on black wheels rounds the corner and begins maneuvering its way among the pedestrians. The device looks like a kids toy. But in reality its a high-tech delivery robot called Starship and potentially the next mega-profitable invention to spring from this snowy, miniature country on the northern edge of Europeone of the more unexpected launching pads on the planet. If you look at sci-fi movies set 20 years from now, you dont see people carrying their groceries. Robots just arrive at their homes, says Ahti Heinla, cofounder and CEO of Starship Technologies. Reality, he says, has caught up to sci-fi. About two years ago we realized it was possible to create this part of the future right now. For a snapshot of how we might all be living tomorrow, there are few better places to visit than this picturesque city of 400,000, whose winding medieval alleyways offer an elegant contrast to its digital present. Creating the future now, as Heinla puts it, is Estonias driving project, and increasingly it is its core business too. Most Americans or even Europeans would be unable to find this pinprick on a map, squeezed between its small Baltic Sea neighbor Latvia and mammoth Russia. Its population, just 1.3 million, is about the same as Dallas or the Bronx borough of New York City. But its modest size and remoteness belies its clout. It is here that a group of friends, including Heinla, invented the hugely popular Internet calling platform Skype. Given Estonias history, the invention of Skype in this country was ironic. While Americans were buying their first cell phones, about a quarter-centur Continue reading >>

Tallinn Blockchain Conference Blockchain In Europe | Tallinn Blockchain Conf

Tallinn Blockchain Conference Blockchain In Europe | Tallinn Blockchain Conf

22 March, 09:00 22 March, 09:00 Theme: Introductory speech of the sponsors and moderator 22 March, 10:00 22 March, 10:00 22 March, 10:10 22 March, 10:10 Edgar Bers have devoted his professional life to study the Global Market metamorphosis. Being immersed into politics, technologies, commodities and finance, Edgar Bers seek for deeper understanding of the macroeconomy clockwork. The analysis of the system is a crucial tool for governments and enterprises to successfully manage risks, deploy solutions, have opportunities visible and decisions clear. Theme: Decentralized Ecosystems using BitShares blockchain is the future of Blockchain technologies 22 March, 10:35 22 March, 10:35 Msc Banking and Finance Higher School of Economics, Bsc Banking and Finance London School of Economics, co-founder ofPredprocessing Ltd, the representative ofCoinsbankin Russia. Theme: The important legal regulations to come in Europe on the blockchain and cryptocurrencies 22 March, 11:00 22 March, 11:00 Thierry Vallat, a member of the Paris bar, has a DEA post-graduate degree in private Law from the University of Paris XII (1985). He founded his own Law Firm in Paris in 2011 with a subsidiary office in Tallinn. Before this, he was Legal Director of the Banque Gnrale du Commerce for almost 10 years, then a senior associate in notorious Paris law firms. He is a recognized expert in the fields of IT, personal data protection, cryptocurrencies and blockchain technology regulations. He managed numerous information technologies files as well as investment projects and his areas of expertise also include business litigation, drafting of IT contracts or contracts relating to e-commerce and intellectual property questions. As a lawyer who speaks tech in plain language, he regularly handles law questions Continue reading >>

Comment: Why Cryptocurrencies Are So Popular In Estonia

Comment: Why Cryptocurrencies Are So Popular In Estonia

Home > Regions > Europe > Comment: Why cryptocurrencies are so popular in Estonia Comment: Why cryptocurrencies are so popular in Estonia In 2011, the Baltic nation of Estonia was the poorest country in the Eurozone. The country had just been added to the eurozone, and its people were struggling to spur economic development. Seven years later, Estonia is a booming economy at the forefront of the world for one major reason: cryptocurrencies. With free wireless Internet on almost every street, a friendly business environment, low taxes and a progressive community, any startup would want to be incorporated in the country. Estonias business registration is much less time consuming than in most countries around the world. Their e-residency registration program , which takes less than 30 minutes to complete, ensures a startup is compliant with taxes, banking, and gets incorporated in an effortless manner. Although the Estonian government didnt embrace the concept of cryptocurrencies until early 2017, it still didnt overtax cryptocurrency startups. Bitcoin isnt subject to VAT tax as well. Digital assets are classified as property for tax reasons, and only cryptocurrency exchanges are regulated. That means the cryptocurrency mining companies cropping up in the country are hardly regulated. 6 unique features of the Estonian business environment Incorporation and registration is conducted online in a process that lasts less than an hour It costs less than 5,000 to start a limited liability company Welcomes investors from any part of the world Hardly regulates ICOs and cryptocurrency investments No limit on the amount of cryptocurrency investments ICO, the risk-filled crowdfunding model common with blockchain startups, isnt regulated so much in the country as well. In fact, the E Continue reading >>

Moontec17: Estonia Aims To Become The Global Hub Of Blockchain

Moontec17: Estonia Aims To Become The Global Hub Of Blockchain

Moontec17: Estonia Aims to Become the Global Hub of Blockchain TALLINN, Estonia, November 6, 2017 /PRNewswire/ -- North Europe's largest cryptocurrency and blockchain conference Moontec 17 will be hosted in the Estonian capital this December. More than 50 global industry experts will join the stage to share their experience concerning the development and promotion of Blockchain-based products and discuss the impact of such technologies on business processes across industries. Tallinn hosts North Europe's largest cryptocurrency & blockchain event. (PRNewsfoto/Moontec17) (Photo: ) This Baltic country, where almost every process is digitized, and the startup scene is thriving is now going even further. In 2000, Estonia declared Internet access as a basic human right - on the same level as food and shelter. In 2005, Estonia became the first country in the world to introduce e-Voting. Now, with the global rise of blockchain technology, Estonia is more than comfortable to welcome entrepreneurs to set up their blockchain business in Estonia, even without crossing its borders. In October 2014, the Estonian government launched its e-Residency program, which offers anyone on our planet a digital identity issued by the government with the opportunity to start and operate a business online under Estonian regulations. "We have been using digital identifiers for 17 years," said Estonian president Kersti Kaljulaid. "People have learned to trust the system." With trust, Estonians see great future potential in blockchain - a technology that combines the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust. Estonia is home to world's most known blockchain companies. Take for example Guardtime, which 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 >>

Estonia, A Blockchain Model For Other Countries? - Invest In Blockchain

Estonia, A Blockchain Model For Other Countries? - Invest In Blockchain

Estonia, a Blockchain Model for Other Countries? The Soviet Union collapsed in 1991, and with it came independence for the small Baltic nation of Estonia. At the time, less than half of Estonias population had a telephone line, and its only independent contact with the outside world was through a secret mobile phone owned by the prime minister. Cut 20 years into the future and Estonia is a digital society like no other. Named the most advanced digital society in the world by Wired , its become a startup hub and an early adopter of blockchain technology. Estonia may also be on the brink of launching its own crypto token called the estcoin . As it turned out, the collapse of the Soviet Union provided Estonia with a blank slate that it has capitalized on to great effect. Collectively, Estonians ditched old analog systems and leapfrogged into a digital future at a much faster rate than any other country in the world. If youre curious to know the full history of how this happened, The Economist has an excellent article written about it. But that isnt our interest per se. In the following, well focus on exactly how Estonia is using blockchain technology and whether they can be considered a model for other countries. One of the key events behind Estonias current position as a leader in blockchain was their being the target of a cyber attack in 2007. In retrospect, this attack was somewhat inevitable. In the 1990s, Estonia rushed to join NATO and the EU, to some extent pitting itself against former Russian leadership. Following a controversial decision to remove a Soviet statue from a Tallin park, the Estonian parliament and several public services suddenly went offline in one of the biggest-ever DOS attacks. Most concluded the attack came from Russia. This was a wakeup call f Continue reading >>

Verizon To Use Estonian Technology To Create Blockchain Platform Services

Verizon To Use Estonian Technology To Create Blockchain Platform Services

Verizon to use Estonian technology to create blockchain platform services Verizon, one of the largest telecommunication companies in the world, is to use technology created by the Estonian company, Guardtime, to launch a global portfolio of blockchain platform services. The US-based Verizon Enterprise Solutions, a division of Verizon Communications that provides services and products for its business and government clients around the world, announced that later in 2018, it will launch a portfolio of blockchain platform services based on Guardtimes KSI Blockchain capabilities, where KSI stands for Keyless Signature Infrastructure. Consumed as a service, Verizons enterprise and government customers will be able to integrate proven blockchain solutions into their existing business processes, Verizon said in a statement. The company said that large enterprises and government agencies were seeking new ways to maintain the integrity of their critical infrastructure, protect physical and digital supply chains, and safeguard customers essential information systems and thats why the new portfolio of services will be launched. Increasingly, our enterprise customers want to effectively leverage blockchain to meet the security demands from their customers, Alex Schlager, the executive director security services of Verizon Enterprise Solutions, said in a statement. Combining our security expertise with Guardtimes blockchain platform offers customers an advanced solution, he added. The company said its blockchain platform services will focus on privacy, portability and scalability adding proven managed security services on top of leading technology from Guardtime. Guardtime is a software security company, founded in 2007 in Estonia and headquartered in Amsterdam, the Netherlands. It Continue reading >>

Estonia, The Digital Republic

Estonia, The Digital Republic

Itsgovernment is virtual, borderless, blockchained, and secure. Has this tiny post-Soviet nation found the way of the future? The Estonian government is so eager to take on big problems that many ambitious techies leave the private sector to join it. Itsgovernment is virtual, borderless, blockchained, and secure. Has this tiny post-Soviet nation found the way of the future? The Estonian government is so eager to take on big problems that many ambitious techies leave the private sector to join it. Audio: Listen to this story. To hear more feature stories, download the Audm app for your iPhone. Up the Estonian coast, a five-lane highway bends with the path of the sea, then breaks inland, leaving cars to follow a thin road toward the houses at the waters edge. There is a gated community here, but it is not the usual kind. The gate is lowa picket fenceas if to prevent the dunes from riding up into the street. The entrance is blocked by a railroad-crossing arm, not so much to keep out strangers as to make sure they come with intent. Beyond the gate, there is a schoolhouse, and a few homes line a narrow drive. From Tallinn, Estonias capital, you arrive dazed: trees trace the highway, and the cars go fast, as if to get in front of something that no one can see. Within this gated community lives a man, his family, and one vision of the future. Taavi Kotka, who spent four years as Estonias chief information officer, is one of the leading public faces of a project known as e-Estonia: a cordinated governmental effort to transform the country from a state into a digital society. E-Estonia is the most ambitious project in technological statecraft today, for it includes all members of the government, and alters citizens daily lives. The normal services that government is involved wi 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 >>

Estonias Smartcard Security Problem Is Probably Not Blockchain-related But What Is Estonias Ksi Blockchain? | Attack Of The 50 Foot Blockchain

Estonias Smartcard Security Problem Is Probably Not Blockchain-related But What Is Estonias Ksi Blockchain? | Attack Of The 50 Foot Blockchain

Tags: e-estonia , estonia , guardtime , ksi blockchain Estonias ID card system apparently has a security flaw, though it hasnt been exploited yet. Technical details are not available, but Estonian World says The ID-cards issued before 16 October 2014 use a different chip and are not affected, which suggests this is more likely in the smartcard chip than in the underlying system. Someone emailed this morning asking if this had anything to do with Estonias widely publicised blockchain infrastructure initiatives. I would say probably not but the reason I cant say definitely not is that Estonias Blockchain promotion mostly supplies excellent examples of the media game of telephone I talk about in chapter 11 of the book : Talking about becomes considering doing, becomes will do, becomes is doing. Even if a given blockchain trial does in fact happen, later failure is not documented. The mainstream press assume this is specialist press rather than boosterism, and run stories taking all this at face value. As the buzzword Blockchain has gained currency, they have tended to run blockchain marketers press releases barely edited, assuming there must be something to all of this. I tried tracing back through to the original press releases (since zero of the journalists running these stories ask them even slightly pointed questions). Everything from e-Estonia itself is long on hype, short on detail and furiously mixes present and future tense. e-Estonias preferred Blockchain software is KSI Blockchain . Amongst the generic blockchain claims, the only specific claim on that page is that KSI Blockchain scales to 1012 items of data every second. This would be a remarkable number for an actual database for comparison, the extreme limit of IOPS (I/O operations per second) for an Oracle d 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 >>

Estonia Launches Green Energy Blockchain Project

Estonia Launches Green Energy Blockchain Project

Estonia Launches Green Energy Blockchain Project January 11, 2018, 01:04:24 PM EDT By Giulio Prisco, Distributed Elering AS , an independent electricity and gas system operator in Estonia, and WePower , a blockchain-based green energy trading platform that aims to drive global green energy adoption and promote sustainable living, announced a joint pilot project to test the large-scale tokenization of energy data on the blockchain in Estonia. According to the joint press release, the project will be a real-world test using anonymized data to demonstrate what the future of energy trading on a blockchain might look like throughout Europe. Elering is developing a smart grid platform based on an existing data exchange layer, dubbed Estfeed, to enable efficient market dynamics in its electricity and gas networks. "This announcement is very exciting for us because WePower is the first developer outside of Estonia to join the Estfeed platform and confirms our vision that giving access to live data is the best way to test and develop new technologies not only on the blockchain, but for the smart grid in Europe," Taavi Veskimgi, CEO of Elering, told Distributed . "We do this not just for ourselves, but for society in general to work toward a smarter and greener future." WePower wants to enable buyers to purchase green energy directly from producers at below-market rates using Ethereum-based smart energy contract tokens. According to WePower, energy tokenization ensures liquidity and extends access to capital. "The goal of the WePower platform is to bridge traditional energy producers and the crypto world together," Kaspar Kaarlep, CTO of WePower, told Distributed . "Building new infrastructure for green energy production is expensive and that is why our energy trading platform w Continue reading >>

High-tech Systems Invest In Estonia

High-tech Systems Invest In Estonia

Estonia has highly skilled architects who are experienced in creating complex, reliable, cross-border systems. Estonias early expertise stems from e-government solutions. X-Road is our system of public and private sector databases which function in harmony to support e-services. Outgoing data is digitally signed and encrypted while incoming data is authenticated and logged. New services and databases are easily added. Reliable, secure and scalable, X-Road has been adopted by countries as diverse as Finland and Namibia, and ensures Estonia has world class skills in decentralised databases and connected networks for the Blockchain and IOT era. Estonias e-Tax system provides automatic calculations, one click returns and real-time data. 95% of all tax declarations in Estonia are filed electronically, taking just minutes for users and providing efficiency to the state. As a result of this innovation Estonia has the most competitive tax code in the OECD. Estonia is also expert at managing and protecting high-tech systems, being home to the NATO Cooperative Cyber Defence Centre of Excellence (NATO CCD COE) and the European Agency for the operational management of large-scale IT systems (EU LISA). The latter supports high volume, cross-border flows of data in real-time in the areas of freedom, security and justice. Nor is Estonias expertise limited to government solutions. Guardtime , the worlds largest blockchain company, trusts Estonia to provide their cryptographers, developers and security architects. Estonian banking and fintech systems are adopted globally. Global telecoms giants Ericsson and Telia research and develop new systems in Estonia. As the global IT architecture transforms towards blockchain, platforms and cloud, Estonian expertise in developing, managing and p Continue reading >>

E-estonia We Have Built A Digital Society And So Can You

E-estonia We Have Built A Digital Society And So Can You

Increased cybercrime and politically motivated attacks on electronic services mean cyber security is more important than ever for both the private and the public sector. Estonias preparedness to handle cyber crises has significantly increased over the past decade. The country has created intrusion detection and protection systems, practised cooperation with both public and private institutions, significantly contributed to the awareness of users, and is participating in intensive international cooperation. After its experience with the 2007 cyber attacks, Estonia has implemented blockchain technology to ensure data and systems integrity and combat insider risk, and became one of the most recognized and valued cyber security experts internationally. Since then Estonia became the home of the NATO Cooperative Cyber Defence Centre of Excellence (NATO CCD COE) and European IT agency. CCD COE is organizing the worlds largest and most complex international technical live-fire cyber defence exercise Locked Shields with 900 participants from 25 nations. International conference Cycon is attracting 600 key experts and decision makers of the global cyber defence community to Estonia every year. The Data Embassy is an extension of the Estonian government in the cloud, which means the state owns server resources outside its territorial boundaries. This is an innovative concept for handling state information, as states usually store their information within their physical boundaries. Those resources are under Estonian state control and must be capable not only of providing data backups, but also of operating the most critical services. This new approach makes it possible for the Estonian state to continue operating under conditions where its local data centres have been stopped or d Continue reading >>

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