Blockchain utility is materializing as we speak. This nation is using a blockchain to verify identification.
The Republic of Palau is located in the western Pacific Ocean and consists of about 340 islands inhabited by 18,221 residents. President Whipps said:
“Our Digital Residency Program will have capacity for internationally recognized standards of identity verification to ensure that Palau upholds the rule of law and our reputational integrity. We welcome all global citizens to apply to participate in Palau’s digital residency program.”a blockchain-based legal ID, digital residency to democratize access to global business opportunities, and geography-agnostic governance to aid in remote corporate formation and operation.
By using RNS, the digital residency program boasts end-to-end encryption which lets users control how much location and ID data they want to share with others. Once approved, users will receive a physical ID card and an ID as a nonfungible token (
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