A new non-profit blockchain advocacy and development group has launched the Crypto Valley Association in Switzerland. The project is supported by the
A new non-profit blockchain advocacy and development group has launched the Crypto Valley Association in Switzerland. The project is supported by the country`s government.
The Switzerland-based “Crypto-Valley” hosts a number of bitcoin and blockchain start-ups. The association backs up “the development of blockchain and cryptographic related technologies and business”.
Launched in the beginning of March, the association will support industry start-ups, establish companies through policy recommendations, organize hackathons and conferences, as well as invest in research in the field.
Some of the founding members are venture capital, media houses, IT companies and universities, as cryptocoinnews.com noticed. Specifically, Thomson Reuters, ConsenSys, the Lucerne University and consulting and accounting company PwC are among the participants.
“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 center of innovation in this sector.”, said Oliver Bussman, President of Crypto Valley.
The Swiss authorities have previously shown interest in the blockchain technology. For example, the operator of Switzerland`s national railway service initiated a two-year pilot project that sells bitcoin from a thousand ticketing kiosks last year.
“The formation of Crypto Valley Association has already engaged local government, startups, venture capital and larger corporations. This gives us access to a pipeline of interesting startups, talent and an opportunity to participate directly in initiatives driving the technology”, commented David Craig, President of Financial & Risk Businesses at Thomson Reuters in an interview with cryptocoinnews.com.