Republic of Palau and Cryptic Labs launch digital residency program
The Pacific island nation is now offering a digital residency and blockchain-based verified ID, which can be used for KYC and ID verification. The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday.To inaugurate the partnership between Palau, Cryptic Labs and the sovereign-backed digital residency program, Palau’s President Surangel S. Whipps Jr. signed an agreement to grant “all global users” digital residency through the RNS under the country’s Digital Residency Act.The Republic of....
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The tiny country introduced its digital residency program at the beginning of the year in the hope that it will help to retain the youthful population and attract business and industry. The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Binance founder and CEO Changpeng Zhao (CZ) was on hand in the Pacific Island nation for the unveiling of the NFTs and to meet with Palauan President Surangel S. Whipps, Jr.Palau introduced its Root Name System (RNS) Digital....
In a surprising turn of events, Jay Hunter Anson, the Digital Residency Office Director at the Palau Ministry of Finance, announced the cessation of the Ripple based Palau Stablecoin (PSC) pilot program. The announcement came via Twitter, where Anson stated, “On Friday we will cease distribution of the Palau Stablecoin. For those with PSC still […]
The Republic of Estonia has officially introduced e-Residency, a government-issued digital identity card that provides a way to operate a location-independent business online. Estonia announced the e-Residency program today at Nordic Digital Day, an e-government conference at the Swissotel Tallinn, Estonia. The e-Residency program enables secure and convenient digital services that facilitate credibility and trust online. Applicants can apply online for e-Residency at e-resident.gov.ee. A one-month process. Applicants must fill in the online application, upload their photo and a photo of....
Nasdaq (Nasdaq: NDAQ) has just announced its collaboration with the Republic of Estonia in its second official blockchain project. The partnership will implement the distributed ledger Linq to facilitate Estonia’s e-Residency platform. The latest extension of the Baltic region’s e-Residency program will be a blockchain-based e-voting service that enables....
The Estonian e-Residency program in collaboration with BITNATION are launching a new Public Notary using Blockchain technology to e-Residents valid in ‘blockchain jurisdiction’. The World Blockchain media outlet, CoinTelegraph, investigated what is at the roots of this project. According to the announcement, starting December 1, 2015, the e-Residency program and BITNATION new public notary service will be available for Estonian e-residents, “regardless of where they live or do business, they will be able to notarize their marriages, birth certificates, business contracts, and much more on....