Bhutan became the first country in the world to choose Block Ethereum as a platform for storing data on citizens.
On October 13, the network integration process was completed. Ethereum into the government system, and by the first quarter of 2025, officials plan to transfer Block all the information needed to identify the country’s residents. The project’s launch ceremony was attended by the creator of the blockchain Vitalik Buterin and the president of the organization Ethereum Foundation Aya Miyaguchi.
Miyaguchi and Buterin
This milestone marks not only a national achievement for Bhutan, but also a step towards a more open and secure digital future globally, Aya wrote.
Blockchain It is considered a secure place to store data because it is transparent, secure, and well protected from manipulation. This is why, in August 2024, Bhutanese authorities decided to move it online. Polygon information about citizens. However, for unknown reasons, officials decided to abandon Polygon in favor of blockchain Ethereum and integrated it into the BhutanNDI identity verification system.
The Bhutanese government’s involvement with the crypto industry extends beyond its use of the ETH network. The country’s authorities mine Bitcoin using electricity generated by hydroelectric power plants. They have already accumulated 11,286 BTC worth $1,3 billion. In terms of the number of coins held by the government, Bhutan trails only the United States, China, the United Kingdom, and Ukraine.
The number of bitcoins owned by governments in different countries