Deloitte and Omega Software Battle Out to Integrate Decentralized Ledger Technologies in Croatia
Europe is one of the fastest growing regions in blockchain technology as more countries and governments become friendly to the technology. The development progress in Russia, adoption in the crypto valley in Zug, Switzerland and financial options of digital assets in London show the acceptance of blockchain in the region is doing well. The latest country to join the blockchain adoption train is Croatia, as several top firms in the country have submitted project proposals to implement decentralized ledger technologies (DLT).
In an announcement from one of Croatia’s press releases, Vecernji, three companies are fighting it out for exclusive rights to launch DLTs and possibly blockchains in the country’s capital Zagreb systems. Deloitte, a global professional services firm, New technologies, the only major Croatian software company created by the merger of IT Systems and Omega Software, the first open source software in Croatia are the companies pushing for the rights to launch DLTs for the metropolis of Zagreb.
The government has estimated the total amount needed for the process of installing decentralized systems to cost about 1.5 million kuna in total. The bids submitted on Friday by the three companies quoted fewer amounts in what has been a very competitive bidding process. The lowest was Deloitte who put their total cost for the project at 965,090 kuna excluding VAT while Omega Software and New Technologies offered 1.43 million kuna and 1.48 million kuna without VAT respectively.
Speaking on the latest developments, the deputy mayor of Zagreb, Olivera Majic stated that the cities will soon have to implement blockchain to solve its issues. With the country facing issues in data management, blockchain development will be a key factor in ensuring the cities’ problems are solved.
“It's part of the wider transformation of business processes in the city that is doing us very well.”
The efforts to integrate decentralized technologies solve the problem of the validity of digital certificates which cannot be stored for over 10 years. The city of Zagreb warns that electronic documents will be protected by e-signature or e-signature, or some form of a digital certificate, and all digital certificates have short and limited validity. As an example, it states that Fine certificates are valid for two years, and AKD's five. After the validity of these certificates expires, the City interprets the legitimacy of the credibility of each e-document.