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Estonia developed X-Road, its proprietary decentralised, distributed system in 2001 and has utilised Blockchain since 2008. World-class technical skills supported by practical experience implementing public and permissioned Blockchain’s place Estonia at the forefront of the emerging Blockchain economy.
| World leading expertise in strategic, technical and operational aspects of Blockchain. | |
| Daily utilisation of distributed systems, electronic ID and smart contracts. | |
| Ability to seamlessly integrate Blockchain into everyday processes and services. | |
| Proven benefits for all stakeholders from application of Blockchain technologies. | |
| Estonian Blockchain soulutions attract global clients, awards and funding. |
Estonia’s journey to becoming the world’s most digitally enabled nation began 25 years ago when visionaries committed to IT as a country strategy and conceived X-Road, the decentralised, distributed information system on which e-Estonia runs.
Launched in 2001, X-Road has processed over 2.3 billion transactions since. Blockchain based protection of data, e-services and devices began in 2008 and has operated at scale since 2012.
Today state services ranging from tax to e-Health plus private sector service providers utilise the system. Blockchain usage is invisible to users yet the benefits are proven, ultra-high security, data immutability and 800 years of time savings annually.
With such unique proof of concept, it is unsurprising that Estonia is at the forefront of the emerging Blockchain economy.
Guardtime (read more), the world’s largest Blockchain company, was born and continues to have significant operations in Estonia. Guardtime’s KSI Blockchain is utilised by clients including Verizon, the US and Thai governments, Lockheed Martin and Ericsson. Application of the technology increases rapidly and Guardtime has created the world’s first Blockchain platform of marine insurance in partnership with EY, Møller-Maersk, Willis Towers Watson, Microsoft and others.
Blockchain innovation is high across a range of sectors where security and immutability at scale are critical. In FinTech NASDAQ has completed successful trials of Blockchain based shareholder voting in Estonia and Funderbeam’s Blockchain based capital market attracts global investment. A growing list of governments trusts Estonian consulting expertise and solutions to protect their operations.
Success stories in the Estonian Blockchain industry include:
Funderbeam, Guardtime (read more), Ignite, Icefire (read more), the Republic of Estonia and others.
These websites can be useful when interested in Blockchain in Estonia:
You are also welcome to send us a request for personal e-consulting to obtain more specific information.
Estonia is a cashless society with over 99% of financial transactions occurring digitally. Electronic ID and Blockchain are widely used in FinTech applications. 80+ FinTechs ranging from innovative startups such as Wise to Blockchain leader Guardtime make Estonia a global centre of excellence for FinTech.
Estonia has a sizeable Advanced Industrial sector and world-class IT expertise in areas including high tech systems, control technologies and cyber security. Supported by a collaborative ecosystem well suited to research and development, Estonia is emerging as a centre of excellence in industrial automation.
Estonia developed X-Road, its proprietary decentralised, distributed system in 2001 and has utilised Blockchain since 2008. World-class technical skills supported by practical experience implementing public and permissioned Blockchain’s place Estonia at the forefront of the emerging Blockchain economy.
Patient records in Estonia are digitised and secured by the Blockchain, providing a single immutable data source for healthcare professionals. With a unique digital platform and collaborative ecosystem, Estonia is positioned to lead on preventative medicine, patient self-treatment and industry efficiency.
What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?
The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.
