A week ago, the Parliament of Israel found in its basements the original wording of the oath of office, signed by the former president, Chaim Herzog. This moved the parliament that decided to deliver a version of the document in non-fungible token (NFT) format, to President Isaac Herzog (son of Chaim), just before his inauguration, on July 7
According to officials of the Israeli Parliament, the objective of this installment is to “connect the past with the present.” This act, they say, makes its parliament the first in the world to present the drafting of a declaration in this format . NFTs use encryption technology to create unique digital objects.
The President of the Knesset (the name by which the aforementioned legislative institution is called), Mickey Levy, expressed his hope that the president be moved by this delivery.
“I am excited to present to President Herzog, a special memory of his father that includes the wording of the oath he signed 38 years ago. (…) It is a great honor for the Knesset to implement one of the world’s most innovative technologies to preserve such an important historical document for future generations. ”
(Mickey Levy, Speaker of the Parliament of Israel)
They also gave the president-elect a printed copy of the document so that he can hang it in his new office. Yitzhak Herzog, was elected on June 2 with 87 votes of the deputies.
Although the Israeli Parliament only spent a few hundred shekels (local currency) to create the archive , due to the worldwide success of NFTs, could increase in value to millions of dollars
Other governments around the world also explore NFTs
Although the NFT market has been little explored by governments of the world, some have dared to take the first steps. For example, in Venezuela a non-fungible token was recently launched to commemorate the 200th anniversary of the Battle of Carabobo. This technology gives digital creations a certificate of authenticity impossible to replicate.
As we have recently reported in CriptoNoticias, NFT market sales volumes have reached USD 2.5 billion, during the first half of the current year.
