No, it is not America or Japan but it is a tiny Baltic state called Estonia with only 1.3 million citizens. The nation stands out from its neighboring Eastern European countries in terms of technology, economy and high standard way of living.
Although it has an unfortunate background, Estonia managed to stand up and create a country where people are tech-savvy. Even kids as young as 7-years-old are taught the basics of coding. With advanced technologies, everything is made easier in their nation.
Because it is a high tech country, signing documents, filling out tax returns and even voting are done online through a tool called X-Road. This allows all Estonians an equal access to any data that they need for business transactions, permits, licenses and others. In other countries, it would take weeks or months to access these documents.
The advancements have a great impact to Estonians which made them forward-thinking, driven and entrepreneurial. Since it takes only five minutes to register a company, the country is known as the world's number one in terms of startups per person in 2013, Economist reported.
One of its most successful startups is Skype which is used all over the world. Other startups include Transferwise, GrabCAD, Cloutex, Click & Grow, Lingvist, Fortumo, Pipedrive, Erply, and others.
If you are living in a different country and you are planning to open a business in Estonia, it is also very easy to do that. Estonia has an e-residency service which means you don't even need to travel to the place in order to transact business, according to Market Watch.
Once you are an e-resident, you can access online services that locals could use which includes, remote money transfer, e-banking, digital signing, contracts and documents verification, declaring taxes online and others.
An e-resident will receive a smart ID card which has a legal value and is equivalent to a handwritten signature and face-to-face identification. It features a 2048-bit encryption with a microchip that stores two security certificates.
But that's not all. A blockchain, which is also used for Bitcoin, secures the health records of the Estonian which also secures e-residency data.
Amazing, right? Does your country have technological advancements too like Estonia?
This article is copyrighted by Travelers Today, the travel news leader
