{"id":175433,"date":"2025-10-14T13:00:33","date_gmt":"2025-10-14T10:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=175433"},"modified":"2025-10-14T12:42:24","modified_gmt":"2025-10-14T09:42:24","slug":"ethereum-powers-bhutans-new-digital-identity-revolution","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-powers-bhutans-new-digital-identity-revolution\/","title":{"rendered":"Ethereum Powers Bhutan\u2019s New Digital Identity Revolution"},"content":{"rendered":"<p data-start=\"511\" data-end=\"793\">The upgrade allows citizens to generate decentralized identifiers and hold verifiable credentials on-chain, enabling them to confirm information like age, nationality, or residence without using centralized databases. The full transition is expected to be finalized by early 2026.<\/p>\n<p data-start=\"795\" data-end=\"1073\">Ethereum co-founder Vitalik Buterin welcomed the initiative, describing decentralized identity as a way to return control of personal data to individuals. He said Bhutan\u2019s decision reflects the broader goal of using open-source technology to drive meaningful, positive change.<\/p>\n<p data-start=\"1075\" data-end=\"1419\">Initially launched in 2023 with support from Input Output Global \u2013 the company behind Cardano \u2013 Bhutan\u2019s digital ID platform followed international W3C standards for self-sovereign identity. The program\u2019s national rollout was symbolically marked when Crown Prince Jigme Namgyel Wangchuck became the country\u2019s first registered digital citizen.<\/p>\n<p data-start=\"1421\" data-end=\"1599\"><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-175375\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p data-start=\"1601\" data-end=\"1977\">Industry observers see the new Ethereum integration as both groundbreaking and risky. Kirill Avery, CEO of the decentralized identity network Alien, said the move proves that governments are beginning to understand how trust can exist without centralization. Still, he warned that placing ID data directly on a public chain could compromise privacy if not carefully managed.<\/p>\n<p data-start=\"1979\" data-end=\"2185\">\u201cOnce information exists on-chain, it\u2019s permanent,\u201d Avery said. \u201cThat transparency improves auditability, but it can also invite surveillance. Digital identity must be verifiable without being traceable.\u201d<\/p>\n<p data-start=\"2187\" data-end=\"2649\">Bhutan\u2019s growing involvement with blockchain extends beyond identity systems. Earlier this year, the government\u2019s planned Special Administrative Region, Gelephu Mindfulness City, announced plans to hold Bitcoin, Ethereum, and BNB as part of its strategic reserves.<\/p>\n<p data-start=\"2651\" data-end=\"2900\">According to <strong><a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/druk-holding-investments\" rel=\"nofollow\">data<\/a><\/strong> from Arkham, Bhutan holds approximately 6,370 BTC \u2013 around $725 million \u2013 making it the fifth-largest sovereign holder of Bitcoin, just above El Salvador. Its Ethereum reserves stand at roughly 656 ETH, worth about $2.73 million.<\/p>\n<p data-start=\"2902\" data-end=\"3130\">Despite the decline in Bitcoin reserves from 13,000 BTC in late 2024, Bhutan continues to position itself as one of the world\u2019s most crypto-progressive nations, blending blockchain innovation with its national identity agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bhutan has taken a pioneering step in digital governance by linking its National Digital Identity system directly to the Ethereum blockchain \u2014 becoming the first nation to operate a live, population-wide ID framework on a public network.<\/p>\n","protected":false},"author":9,"featured_media":170853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[72,258,112,424,271],"coin_category":[],"class_list":["post-175433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-bitcoin","tag-bnb","tag-cardano","tag-crypto","tag-ethereum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Powers Bhutan\u2019s New Digital Identity Revolution - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"Bhutan has taken a pioneering step in digital governance by linking its National Digital Identity system directly to the Ethereum blockchain \u2014 becoming the first nation to operate a 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