The Commonwealth of Dominica has announced its partnership with TRON and Huobi to develop the first government-issued blockchain-based Digital Identity (DID) system. In addition to serving as a distinctive digital ID in the forthcoming Dominica Metaverse, the Dominica Digital Identity (DDID) initiative seeks to offer residents and visitors a more user-friendly and safe method of identity verification.
According to Prime Minister Roosevelt Skerrit, “This digital identification project is a significant milestone for us as it marks the first Web3 initiative since the passage of our Crypto Ordinance last year. We are excited about the prospect of blockchain innovation and look forward to continued collaboration with TRON to advance the digital economy for Dominica.”
The DDID initiative will make it simpler to travel across borders, facilitate global trade, and improve trade agreements. Also, the project will support Caribbean economic stability and make it simpler for people to conduct secure cryptocurrency transactions.
Given that TRON has been chosen as the nation’s official blockchain, the company’s participation in the project is significant. Seven TRON-based cryptocurrencies, including the Dominica Coin (DMC), have also been authorized for use as legal money on the territory.
Another creative concept that will connect the physical and virtual worlds is the Dominica Metaverse project. The Dominica Metaverse digital environment and platform are intended to be built and run as part of this project. As the first blockchain to collaborate with a government to supply technology that will transform business strategy in the Caribbean, TRON’s involvement in the project is ground-breaking.
It will act as a platform for online communication and business transactions as well as tourism promotion. The initiative would help Dominica thrive economically in the cryptocurrency industry by promoting the island as a tourism destination.
Given the significance of digital identification in Web3, TRON is honored to collaborate on, carry out, and enable the distribution of DDID and DMC alongside the development of the Dominica Metaverse. By partnerships like this one, TRON continues to enable global trade and community for all people.
Dominica’s creative collaboration with TRON and Huobi positions the nation as a pioneer in digital transformation as the crypto industry in the Caribbean area expands. The partnership will promote the nation’s status as a leading tourism destination in the area and boost economic growth.