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.
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The latest extension of the Baltic region’s e-Residency program will be a blockchain-based e-voting service that enables people to become shareholders of Nasdaq’s Tallinn Stock Exchange. The system is an identity platform that gives Estonian citizens and businesses digital authentication. This gives members of the e-Residency program access to certain government programs. Users are fingerprinted, and the Estonian state also performs a background check. e-Residency citizens are then issued an electronic ID that uses a 4-digit pin. The program’s description states:
After becoming an e-resident entrepreneurs and freelancers can open and run location independent businesses online, apply for a bank account* and conduct e-banking, get access to international payment service providers, declare taxes, sign all relevant documents and contracts remotely, and get easier access to EU markets.