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The Estonian government is building a futuristic digital society thanks to Blockchain

The Estonian government is building a futuristic digital society thanks to Blockchain

In an attempt to get rid of bureaucracy and corruption from its very roots, the Estonia government has just implemented an ambitious project that will make the management of its population of 1.3 million people much more streamlined.

Not only that, many economists also believe that by using a decentralized blockchain platform to oversee the nation's public and private sectors, the Baltic country is ready to see tremendous financial growth in the coming months.

What does Hype talk about?

For those who are unaware, Estonia has become the first nation in the world to create a unified platform that supports features such as electronic authentication and digital signatures to facilitate card-less communication across all companies private and public services in the country.

However, with that being said, there are still some things that need to be done manually by the citizens of the nation. For example, divorce procedures and transfers of property at the time have yet to be done in person, because the government has considered that such important events are too important to be performed online.

Following these restrictions, when the documents relating to these events are signed, all the parties involved must be present.

Regarding the latest government efforts, Marten Kaevats, Estonia's national digital advisor, said that the goal of the whole exercise is to empower citizens and introduce a new level of transparency that does not It has never been seen in any other part of the world. Kaevats then added:

"In an ideal world, in the case of an invisible government, when a new child is born, none of the parents should ever apply for maternity leave, to get child support from the municipality, to get a nursery, to put the child's name in. All these different services will be delivered automatically. "

More on The Matter

Since its release, the Estonian population in general seems to have welcomed this latest digital system with open arms. During a showcase of the aforementioned digital offering, project manager Indrek Onnik stressed that the recording system maintains an accurate record of crucial user data such as:

  • High school diplomas
  • Driving license record
  • Record of vaccination of the pet
  • Job History
  • Credit score

Speaking of how this new system can revolutionize the way governments interact with their citizens, Onnik went on to say:

"To generate trust, you really have to have transparency, which is why people have access to their data, which is why they can actually see if the government has used their data."

What is fueling this system?

From a technical point of view, we can see that Estonia's new governance platform is based on a software protocol known as "X-Road". Essentially, it includes a decentralized data exchange system that not only helps to efficiently connect native databases, but also ensures that all outgoing information is digitally signed and encrypted.

Also noteworthy is the fact that since its independence in 1991, this is the first time in its short history that the Estonia economy is booming, largely due to the success of its blockchain / cryptocurrency initiatives.

To deepen this point, we can see that at present, over 99% of Estonia of banking operations now take place digitally without the need for any physical accounting (which is an impressive undertaking to say the least, especially considering that Estonia has been independent for just under 30 years).

Trust is the key element

Given that the new administrative system is widely accepted by the Estonian population in general, many blockchain developers are now wondering if this governance platform can be used by larger countries as well. Regarding this question, Zvika Krieger, head of technology policy at the World Economic Forum, recently said that:

"When you add more people, more different stakeholders, more levels of governance at the city, state, and local levels, you're adding exponentially more complexity."

Final take

Over the past few months, many news agencies around the world have questioned how the Estonian government has succeeded in convincing its citizens to accept such an adventurous project.

Also in this case, Krieger was quick to point out that:

"Estonians hate their politicians as much as anyone else, but at least since the state administration works extremely efficiently and efficiently, people trust the system."

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