The National Institute for Research and Development in Informatics (ICI) of Romania announced a new national program that will utilize blockchain technology. This will make it easier for citizens to access, transfer and store their official documents. The goal of “Romania National System for Issuers and Assets” (NSIDA), is to make obtaining and managing government documents easier. The documents include birth certificates, driver’s licenses, and land/property deeds.
As you might have guessed, these documents will be stored in the form of NFTs. And each of them will have a non-fungible counterpart that will live on the Elrond blockchain. Which is highly scalable and friendly to the environment. But those who still want to use their physical documents will still do so. Because these “old school” ways will still work.
The project will also include the launch of an exclusive and secure NFT marketplace. Where citizens can buy verified government documents without having to go to official offices and pick them up in person. Which is a very difficult task.
In the future, after NSIDA starts up in Romania, Elrond’s services will enable the ICI build a decentralized network for the country’s most important public resources.
This use of blockchain technology, shows that Web3 is the next step in the evolution of technology in human society. Still, it’s likely that larger media companies will choose to ignore this innovative project and instead focus on Bill Gates’ recent attack on “expensive digital images of monkeys.”
Changing the way Romania government works
his system will not only make Romania’s public services less bureaucratic. But it may also make it easier for Romanians to get loans and other financial services in the future. According to Mincu:
“through the open and seamless public blockchain technology of the Elrond Network, NFTs can act as digital assets that can be traded globally, removing the friction of property ownership transfers and enabling a new internet economy that will make it easier to get financial services, like loans against properties.”
ICI Director Adrian Vevera also thinks that using web3 technologies like NFTs “can change public administration and help its institutions and processes make huge leaps forward in terms of speed and efficiency while reducing costs, overhead, and unnecessary government activities.”
At the moment, ICI’s planned project is the first of its kind in the whole of the European Union. If it works, it will be a win-win situation for governments all over Europe, and maybe even the whole world. By moving a lot of government services online, they can save money and make life easier for the people.
Elrond CEO Beniamin Mincu said in a press release that when government and technology work together, it opens up a wide range of ways to improve society. Let’s hope this particular corner works out.