Nasdaq Heads for Estonia to Build Blockchain Applications

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Nasdaq plans to develop applications for blockchain in Estonia – a tiny country in northeastern Europe, just below Finland which is the size of The Netherlands, with 13 times less people at 1.3 million inhabitants (which is comparable to the population of Hawaii).

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Two and a half decades after Estonia regained its independence in 1991, after the collapse of the Soviet Union it is a world leader in technology. Estonian hackers developed the code behind Skype and Kazaa (an early file-sharing network).

In 2007 it became the first country to allow online voting in a general election. It has among the world’s fastes broadband speeds and holds the record for start-ups per person. Its 1.3m citizens pay for parking spaces with their mobile phones and have their health records stored in the digital cloud. Filing an annual tax return online, as 95% of Estonians do, takes about five minutes. 

According to a recent article at Reuters by John McCrank:

Nasdaq is on track to roll out the technology on its market for private companies, Nasdaq Private Market, later this year, helping firms keep track of the shares they issue and enabling them to almost instantaneously settle transactions, Nasdaq Co-President, Hans-Ole Jochumsen, said in an interview.

The New York-based company is also preparing plans to develop new blockchain applications in Estonia, where Nasdaq owns the Tallinn Stock Exchange, Estonia’s only regulated secondary securities market, as well as The Estonia Central Securities Depository (ECSD), he said.

The applications will focus on improving the proxy voting process for companies, as well as for company registration and public pension registration, which Nasdaq has a contract to manage with the government of the Baltic country of around 1.3 million.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur.

He sits on the advisory boards of some two dozen Blockchain startups
and has written over 1500 articles on Blockchain technology and
startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat

Ad honorem - Honorary Ph.d - Chair Professor of Blockchain at
China's first Blockchain University in Nanchang at the Jiangxi Ahead
Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business
Automation 4.0 programme. Chevalier (Knight) - Ordre des Arts et des
Technologies at Crypto Chain University and on advisory board of Advisory Board Member of International Decentralized Association Of Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member at U.S. Blockchain Association.

Over a half a decade experience judging and rewarding some 1000+
innovation projects as an EU expert for the European Commission's SME
Instrument programme as a startup assessor and as a startup judge for
the UK government's Innovate UK division. Kastelein has spoken
(keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San Francisco, Santa Clara, Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich

His network is global and extensive. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe

He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.

A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world

In his 20s, he sailed around the world on small yachts and wrote a
series of travel articles called, 'The Hitchhiker's Guide to the Seas'
travelling by hitching rides on yachts (1989) in major travel and
yachting publications. 

He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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1 COMMENT

  1. […] などの組織とも契約している。さらに、アメリカの Nasdaq はアプリケーション開発のためにバルトの小国エストニアに手を伸ば…、 Skype の共同設立者 Jaan Tallinn 氏もエストニアを拠点とする Funderbeam […]

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