|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.
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.
Estonia has a diversified energy sector which comprises long-standing expertise in oil shale, a sizeable renewables sector and growing CleanTech capability. World-class expertise within a highly digital, pro-business environment will see Estonia play a leading role in the energy revolution
Estonia has a sizeable food industry which benefits from ecological raw materials, skilled workers and modern production facilities. With an established export capability and growing application of food science and technology, Estonia is the ideal location for export and R&D oriented investment.
Estonia has one of Europe’s largest bioeconomies, including world leading expertise in forest-based activity. Supported by high-quality natural resources, ultra-high use of IT and supportive policy making, Estonia offers a range of production and innovation opportunities.
Estonia is a world leader in identity cards and mobile and device-independent e-ID solutions. Based on ultra-high encryption and user convenience, e-ID can be used to vote, sign smart contracts, make contactless payments and is being adopted by business and governments globally.
Estonia is a cashless society with over 99% of financial transactions occurring digitally and electronic ID and Blockchain utilised daily. 80+ FinTechs ranging from innovative startups such as TransferWise to Blockchain leader Guardtime make Estonia a global centre of excellence for FinTech.
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?