Swiss-based non-profit association Crypto Valley Association aims to support the creation of decentralized, cryptography-based business. It is created to support startups and corporations by means of governance recommendations, initiating research projects, organizing conferences and hackathons.
According to the site of the organization, “Crypto Valley is an ecosystem centered in and around the Swiss canton of Zug with active connections to international centers of blockchain innovation.”
Thanks to its business-friendly regulatory framework, deep talent pool and sophisticated infrastructure, Crypto Valley is aims to become a global center where emerging cryptographic, blockchain and other distributed ledger technologies and businesses can thrive in a safe, supportive, and vibrant environment. It has already attracted dozens of leading cryptographic companies and organizations, including Ethereum, Monetas, Bitcoin Suisse, Xapo, ShapeShift, ConsenSys, and Tezos.
Switzerland is becoming one of the world’s leading countries for digital security. Why Switzerland?
- It is the world’s most decentralized, stable, neutral political system.
- It is a world leader in labor market efficiency with the most flexible labor laws.
- It is a leader in attracting and retaining talent, and worker motivation.
- It has a best-in-class infrastructure in transportation, telecommunications, financial services, and technology innovation.
Crypto Valley Association is led by President Oliver Bussmann, Founder and Managing Partner of Bussmann Advisory and ex-CIO of UBS and SAP. Bussmann says:
“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.”
Crypto Valley 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. 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.
Some quotes from Crypto Valley Association insider:
Speaking on the announcement, Veronica Lange, Head of Innovation at UBS:
“Blockchain technology could transform the financial industry and help to create new and improved financial services for clients. Collaboration on innovation is core to our strategy and especially needed for blockchain. UBS strongly supports activities to build out the FinTech ecosystem in Switzerland, and is pleased to join the Crypto Valley Association to drive further collaboration on blockchain technology in the region.”
Manoj Kashyap, Global FinTech Leader for PwC
“Emerging technology such as Blockchain and Crypto-technologies are at the heart of the digital transformation of Financial Services. PwC have explicitly made digital one of our key priorities and support a number of initiatives around the world to foster innovation. By supporting and being part of the Crypto Valley in Switzerland, we engage with a rapidly growing ecosystem and contribute our expertise and perspectives on how to leverage technology for positive change in society.”
Joseph Lubin, Founder of ConsenSys
“As the largest blockchain startup, ConsenSys is proud to support and be part of the Crypto Valley Association in Switzerland. Through this initiative, we look forward to opportunities to collaborate with likeminded organizations that understand the power of blockchain to reshape our world for the better, and are committed to accelerating the adoption of decentralized technologies in use cases that range from government, to enterprise, to humanitarian impact.”
Vasily Suvorov, Vice President Technology Strategy Luxoft
“We see Blockchain and Distributed Ledger Technologies at the core of Digital Transformation. Many of our clients across key verticals are embarking on pilot projects and are considering decentralized, breakthrough business models. The Crypto Valley Association is a valuable ecosystem for the exchange of ideas, and as a technology partner, Luxoft will benefit from constant involvement in diverse technical, business, legal, and academic communities. We are committed to further strengthening and expanding the Crypto Valley Association’s core mission through our technical and thought leadership contributions.”