Nordics Blockchain Summit returns to Estonia

Moontec is an internationally recognised Nordic event, devoted to blockchain technology and its implementation in various industries and is proudly hosted in Tallinn every year.

When Estonia started building its information society about two decades ago, there was no digital data being collected about its citizens. The general population did not have internet access or even devices with which to use it. For this reason, it took great courage to invest in IT solutions and take the information technology route within that scenario.

Since this decision was taken in 1997, the best step-by-step implemented e-solutions have made Estonia one of the world’s most developed digital societies. With the application of e-Governance, e-Tax, X-Road, Digital ID, I-Voting and e-Residence this Nordic country is moving towards real-time economy and industry 4.0.

At the end of October, ‘WePower’ the Estonia based energy company announced the successful delivery of a landmark; a nationwide pilot project in conjunction with transmission system operator, TSO Elering.

Representing a significant step forward in the digital energy sector, the initiate will convert energy consumption and production data onto the blockchain on a national scale. This is the first research and development project that aims to eventually enable consumers to purchase green energy directly from producers, with all relevant information stored on the blockchain.

Estonia benefits from 100% countrywide smart meter coverage and a data sharing platform called Estfeed, which allows customers to download and share their data with whoever they choose. This made the country the ideal location for such a pilot, as it already had much of the required infrastructure in place and fully functioning.

The interest towards blockchain in Estonia has never been higher. The momentum is shifting from a focus on learning and exploring the potential of the technology, to identifying and building practical business applications. Today, many tech companies started investing in blockchain Research and Development, yet they have no clear guidelines on its effectiveness.

This year’s Moontec, held between the 26th and 27th November, is dedicated to finding answers to the biggest challenges faced by blockchain nowadays, such as regulation, application in real-world practice and market adoption.

E&S Group team is attending the event to talk about the use of blockchain technology in the legal, iGaming and logistics industries. In order to make the system work on a European scale, the representatives of the Blockchain Island community should connect with the specialists from the Digital Nation, allowing the blocks to build an effective network.

Meet us in Tallinn on between the 26th and the 28th November. Please send an email to [email protected] to arrange an appointment or contact our team members directly: Yuliya Khrenova and Rick Goddard.