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Blockchain-focused ‘Crypto Valley Association’ launches in Switzerland

A new non-profit association focusing on the development of blockchain and cryptographic related technologies and businesses launched in Switzerland on 01 March 2017.

Called ‘Crypto Valley Association’, the initiative is being backed by a number of leading companies and startups. Founding members include PwC, Luxoft, UBS, ConsenSys, Thomson Reuters, Lucerne University, Lykke Corp, Monetas AG, iprotus GmbH, Inacta AG, bacademy, Canton Zug, Lakeside Business Center AG, Lakeside Partners AG, Leon Partners and the City of Zug.

Headquartered in Zug, Crypto Valley Association is an independent, government-supported association established to leverage Switzerland’s strengths to build the world’s leading blockchain and cryptographic ecosystem. It aims to work with government to foster the development of pioneering digital technologies in Switzerland and internationally.

The association is led by President Oliver Bussmann, Founder and Managing Partner of Bussmann Advisory and ex-CIO of UBS and SAP; Vice President Vasily Suvorov, Vice President Technology Strategy Luxoft; and Treasurer Professor René Huesler, Director of the Lucerne School of Information Technology, Lucerne University of Applied Sciences and Arts.

“Blockchain and cryptographic related technologies and businesses are the wave of the future. With the founding of Crypto Valley Association, we are promoting more than a region: we have founded a global association as a base for the sector’s most innovative and forward thinking companies, further strengthening Switzerland’s position as a leading centre of innovation in this sector,” said Bussmann.

According to the official release, the association is drawing venture capital, private equity, media, established IT firms, universities, and young startups. Network effects include attracting a highly skilled labor force and developing a rich ecosystem of resources and know-how for entrepreneurs and established players.

The Crypto Valley Association will support startups and established enterprises through policy recommendations, initiating and enabling research projects, and organizing conferences, hackathons, and other industry events.

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August 20 00:00 UTC Released

RUGDP YY Monthly

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