Swiss institutions are going to organize a Blockchain Hackathon

Six of Switzerland’s top blockchain institutions are going to organize a hackathon 21 to 23 June. The companies hosting it are Trust Square, Bitcoin Association Switzerland, CV Labs, Crypto Valley Association, Swiss Blockchain Federation and swissICT.

The event is assumed to draw over 200 developers, creators, and inventors from Switzerland and abroad to collaborate on solutions to a number of specific real-world problems. The tests will be produced by industry associates Accenture, Agroscope, Canton of Zurich, Die Post, GCZ, Six Digital Exchange and ZVV and they will collaborate with the biggest academic institutions.

The main goal is to explore use Cases that will solve real-world challenges. At the Verticals, you will build sector-specific solution offerings, which help the Vertical partners in their digital transformation journey.

The challenges will be announced in March 2019. Participants can compete in the following areas: Agriculture, Finance, Intelligent Parcel, Mobility, Public Service, Sport, and Supply Chain. Trust Square co-founder Marc Degen said:

“The Swiss Blockchain Hackathon demonstrates the shared commitment of our blockchain community to put the country’s position as a leading global blockchain location on a sustainable basis. With the initial hype slowly fading, it is now the time to demonstrate the power of blockchain to solve real-life business problems. We are thrilled to host this event and thank all partners involved for sharing our vision and being engaged in this project with great enthusiasm.”

Switzerland has established itself as a cryptocurrency and blockchain-friendly country, with its global hub for virtual currencies known as the “Crypto Valley” in the canton of Zug. According to the annual “State of European Tech” report from technology investment firm Atomico, the “Crypto Valley” was ranked the fastest-growing tech community in Europe.

Switzerland is one of the top destinations for crypto and blockchain companies. End of last year they unveiled a new legal framework for distributed ledger technology. The goal of the regulation is to create the best possible framework conditions so that Switzerland can establish itself and evolve as a leading, innovative and sustainable location for fintech and blockchain companies.

Last December, the Swiss Minister of Finance, Ueli Maurer, indicated that instead of a specific blockchain or cryptocurrency legal framework, Switzerland should tweak existing laws to allow for the new technology and its financial application. The government reportedly expects to propose changes to six laws, including the civil code and bankruptcy law, this year.