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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 >>

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 >>

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 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 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 >>

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 >>

Blockchain And Crypto Key To Estonia's Plan To Build Digital Country | Inverse

Blockchain And Crypto Key To Estonia's Plan To Build Digital Country | Inverse

Filed Under Blockchain , Bitcoin , Cryptocurrency , History & Money Estonia, located on the Baltic Sea in northern Europe, is a small country, only home to 1.3 million inhabitants. But its government announced a new plan this month that could someday make it one of the worlds biggest nations online. The plan lets anybody with an internet connection become a resident of Estonia, thanks to the blockchain. Join the new digital nation is the welcome message on the Republic of Estonias e-Residency website , touting stats that more than 27,000 people from 143 countries have applied to become digital denizens. Despite much of the negativity in the news right now, the overall trend appears to be positive for the opportunities that await our generation and the next ones, Arnaud Castaignet, head of public relations for e-Residency, tells Inverse. The economic impact is most obvious thus far. Already, 4,272 companies have been established by e-residents seeking to avoid the bureaucracy and taxes that their home countries might impose on running a business. The internet and other advances in digital technology are enabling more people to live and work globally with greater freedom, independent of any fixed location, he adds. As a consequence, governments like ours in Estonia are evolving fast into borderless digital nations in order to better serve and benefit from the rise of these new world citizens because we must respond to their changing opportunities and habits. Lets take a look at the official pitch from Estonia: While some countries push people away, Estonia pulls them in. What kind of problems can E-Residency solve for an entrepreneur? Say youre a freelance writer in Ukraine and you need to receive international payments. E-Residency enables it. Or maybe you run a startup 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'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 >>

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 >>

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, 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 >>

Estonia Planning Blockchain-based Residency Program

Estonia Planning Blockchain-based Residency Program

Estonia Planning Blockchain-Based Residency Program August 31, 2017, 02:48:52 PM EDT By Giulio Prisco, Distributed Distributed focuses on how legacy industries and sectors can, or should, adopt blockchain technology. Government is most certainly a legacy sector, and one that is not often considered as an early adopter of disruptive technologies. Yet, governments all over the planet have expressed interest in blockchain technology, forming official working groups and even starting pilot projects to find out how distributed ledgers can assist government work. In this vein, an interesting new proposal comes from 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. The foreigners who become e-residents of Estonia are not automatically entitled to physical residency in the small Baltic state, but they can base their online business there. Those who wish to apply for Estonian e-residency can submit standard ID documents and a "motivation statement" through a secure online form, pay a 100 fee with Visa or Mastercard and wait for approval (which involves a background check). Upon e-mail notification of approval, new e-residents can pick up their digital ID card in-person from a chosen pick-up location, which include Estonian embassies or consulates. No physical travel to Estonia is required. The digital ID card provides e-residents with a government-issued digital identity, secure access to services, digital signing and authentication of documents and all that is needed to establish and operate a location-independent business remotely. It appears that many people, not only "digital nom Continue reading >>

Estonian Government Partners With Bitnation To Offer Blockchain Notarization Services To E-residents

Estonian Government Partners With Bitnation To Offer Blockchain Notarization Services To E-residents

In May,Bitcoin Magazine reported that blockchain-based Governance 2.0 initiative Bitnation is developing a collaborative platform for DIY Governance based on the blockchain. Bitnation is a Governance 2.0 Operating System, designed to disrupt the nation-state oligopoly through offering more convenient, secure and cost-efficient governance services, said Bitnation founder and CEO Susanne Tarkowski Tempelhof. Bitnation is one of several emerging initiatives to empower connected global citizens with a growing range of options to bypass legacy governance systems based on nation states. The e-Residencyprogram launched by the government of Estonia is another such initiative. The program offers anyone, anywhere, a digital identity issued by the Estonian government and the possibility to start and operate a business online under Estonian regulations. The foreigners who become e-residents of Estonia are not automatically entitled to physical residency in the small Baltic state, but they can base their online financial life there. Estonia, a country at the forefront of modern e-government, has been offering efficient online services to its citizens for more than a decade. By offering e-residents the same services, Estonia is proudly pioneering the idea of a country without borders, proudly states the e-residency website. In particular, e-residents can digitally sign, verify and encrypt documents and contracts, establish an Estonian company online in 24 hours with a physical address in Estonia provided by an external service, and administer the company from anywhere in the world. Currently, establishing an Estonian bank account for the company requires one in-person meeting at one of the banks that recognize e-resident smart ID cards currently LHV, Swedbank and SEB but once the ac Continue reading >>

What Is Estonian E-residency And How To Take Advantage Of It?

What Is Estonian E-residency And How To Take Advantage Of It?

What is Estonian e-Residency and how to take advantage of it? What is Estonian e-Residency and how to take advantage of it? What is Estonian e-Residency and how to take advantage of it? By Avo Alender|Last updated: July 3, 2017 When you sign up for Estonian e-Residency, you receive a government-issued smart ID card that provides digital identification and authorisation. That way, you can digitally sign important documents, access secure services, and make secure transactions -- even if you don't live in Estonia. For example, e-Residency would allow an Indian entrepreneur to establish an Estonian company that he runs from Singapore to serve clients based in Germany. He'd also be able to use his digital signature to sign contracts with customers throughout the European Union. All of it would be done online, remotely, and completely hassle-free. Estonia (Eesti) is a small country in Northern Europe that sits south of Finland, across the Baltic Sea from Sweden, just north of Latvia, and just west of Russia. It's estimated that 1.3 million people call this country home, which makes it one of the least-populous member states of the European Union, Eurozone, NATO, OECD, and the Schengen Area. The official language is Estonian, and the capital -- which doubles as the country's largest city -- is Tallinn. More importantly, though, Estonia is the world leader in digital governance and a founding member of Digital 5 (D5), a global network of leading digital governments. In fact, in December 2014, Estonia became the first country in the world to introduce the concept of e-Residency. As the name suggests, e-Residency gives foreigners the ability to apply for a secure digital residency in Estonia, even though they don't actually live there. e-Residency in 2 minutes, Kaspar Korjus (P Continue reading >>

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