Romania wants to reduce bureaucracy with the help of NFTs
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Romania’s National Institute for Research and Development in Informatics (ICI) launched a plan to reduce bureaucracy by putting important forms and documents on the blockchain. The initiative, called the National System for Issuers and Assets (NSIDA), will allow people to access and store important documents securely and digitally.
“Our common goal is to evolve the relationship between citizens, the business environment and state institutions, using state-of-the-art digital innovation. Web3 technologies can help public administration and institutional processes run more efficiently, quickly and securely. We want to explore this significant potential with our Elrond Network partners.” said Adrian Victor Vevera, General Manager ICI Bucharest in a release.
The system uses the Elrond network to store the data with a minimum of energy usage. It will also allow for decentralized digital identity storage.
The country is also looking into the creation of a decentralized domain name system and top level domain system using Elrond. This means you could soon be registering your .ro domains on the blockchain.
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