company in Estonia

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The tiny Baltic nation of Estonia is fast becoming one of the most exciting places in the world for blockchain innovation. It’s home to several leading blockchain companies, as well as top-level programmers and coders who are actively engaged in developing new applications and implementations of the technology. Estonia is also home to Krediidiinfo, an enterprise that provides credit information on individuals, businesses and other entities throughout Estonia. As such, this has led to many people considering moving there to take advantage of its favorable tax situation — though perhaps not for long. The country has been laser-focused on digital transformation since the millennium shift and its government agencies have recently implemented a wide range of services based on artificial intelligence (AI), big data, IoT, and blockchain technology.

Estcoin: The Cryptocurrency of Estonia

Estonia has been actively exploring the creation of its own cryptocurrency for some time. In 2017, the country’s central bank announced that it would create its own digital currency, the estcoin. The estcoin would be managed by the Estonian e-Residency program, which allows individuals and businesses to run their operations remotely from the country. In this way, estcoins could be used to incentivize international business and trade. However, the project has been largely abandoned as the current administration explores other blockchain-based solutions. If Estonia does eventually implement a central-bank-issued digital currency, it may address some of the concerns that have been brought up about the estcoin — namely the fact that it may be too centralized.

Guardtime: Blockchain based integrity monitoring

Guardtime is an established blockchain company founded in 2006 in Estonia. The company is built around the idea of blockchain based integrity monitoring. This means they use blockchain to monitor and track important data such as oil pipelines, critical infrastructure, and even medical devices. Since the company’s foundation, they have grown to employ more than 1,000 people and have expanded to offices around the world, including the United States, China, Germany, and the UK. They have worked with a range of top companies and organizations, including the UN, the World Health Organization, FedEx, and many more. In 2017, Guardtime partnered with the Republic of Estonia to create the world’s first government-run blockchain.

Synchtank: Smart Contract Development Company

This blockchain company was founded in 2017 in Tallinn, Estonia, where it operates today. It focuses on developing smart contracts and decentralized applications (dapps) for a range of different industries. The company has partnered with a number of other innovative blockchain companies to create platforms that enable new and exciting ways to work and share. Synchtank’s dApp development team is named TEND, and they have created a variety of different products, including a decentralized stock exchange, a decentralized ride-sharing service, and a decentralized sports entertainment platform. TEND’s decentralized sports entertainment platform, called PlaySports, is perhaps their most interesting project. PlaySports aims to create a game that allows sports fans to participate in real-world events as if they were playing a video game. Fans can collect virtual tokens when their favorite teams win, and can then trade these on the decentralized exchanges.

TokenEST: An ICO Launch Platform

TokenEST is a blockchain company that helps entrepreneurs launch their own initial coin offerings (ICOs). This company is designed to help entrepreneurs navigate the complex world of running an ICO. They offer a wide range of services such as marketing and PR assistance, ICO smart contract development, and assistance with legal compliance. TokenEST is part of a wider confederation of blockchain companies in Estonia. This confederation is known as the e-Residency program, which is a program that allows anyone in the world to apply for a digital identity from Estonia. This digital identity allows entrepreneurs to operate their businesses remotely from Estonia, taking advantage of the country’s low taxes and robust data protection laws.

Blockchain Foundry: Ethereum Development Company

Blockchain Foundry is a blockchain service and software development company based in Toronto, Canada. Founded in 2015 by people with deep ties to the blockchain industry, they have created a wide range of different products and services. The company is one of the top Ethereum development companies in the world. They help clients build their own decentralized applications and smart contracts using Ethereum. Blockchain Foundry has helped build a wide range of different blockchain projects, including decentralized exchanges, supply chain management systems, and more. One of their most interesting projects is a blockchain-based platform for the publishing industry. It enables authors to more accurately track how their books are being consumed, and it also provides them with more accurate royalty payments.


Estonia is an excellent example of how blockchain technology can be used to make a country more efficient. Although the Baltic state may be small, its impact has been huge in the crypto world. The country has created a centralised cryptocurrency and partnered with Guardtime to launch the world’s first blockchain-based government system. If Estonia continues to embrace change, the country could be an example for the rest of the world.