Switzerland is home to over 800 blockchain firms, more than 40 of which are based in the country’s Italian-speaking region. CNNMoney Switzerland heads to Ticino to find out how blockchain is breathing new life into the canton.
The International Testing Agency is exploring blockchain to fight doping at the Tokyo 2020 Summer Olympics, Avenir Suisse releases report on blockchain’s impact on the financial sector, the first Swiss-Polish Blockchain Symposium kicks off in Warsaw, and Blockchain Valley Ventures sets up new office in Singapore.
BlockFactory is collaborating with the International Testing Agency in Lausanne on a blockchain prototype to combat doping. The Zug-based blockchain firm walks us through how it works and what happens when a tampered document is discovered. “I think there is a lot of potential for using blockchain in sports,” says Antoine Verdon, a partner at BlockFactory. “Another field I would see, for example, is when you are testing samples....I would also see a lot of potential by digitizing the identities of the athletes.”
The International Testing Agency revealed to CNNMoney Switzerland today that it is exploring the use of blockchain for the 2020 Summer Olympics in Tokyo. The independent organization based in Lausanne is working on a prototype with blockchain firm BlockFactory to see how the technology can be used to fight doping.
“I think it’s ambitious to have it ready by Tokyo, but we are there to be ambitious,” says Benjamin Cohen, director general of the ITA.
The agency has chosen to focus on Therapeutic Use Exemption, or TUE, which states that athletes can take prohibited substances if they have a medical reason. The ITA is trying to digitize this process so that any of the documents uploaded can’t be forged. “Blockchain can be one of the answers,” Cohen says.
On the partnership with BlockFactory, Cohen says: “Today I am pretty sure that we can reach a satisfactory solution where we can have some of the processes secured at a reasonable cost.”
Global blockchain accelerator Blockchain Propulsion backed by Switzerland Global Enterprise launches in Crypto Valley, Cryptix eyes blockchain-based electronic money, and swissnex India and Presence Switzerland organize a Swiss blockchain tour for an Indian delegation.
A new global blockchain accelerator has launched in Crypto Valley, backed by the cantons of Zug and Uri, and the Greater Zurich Area. Stefan Deiss, the founder and CEO of Blockchain Propulsion, says that the aim is to onboard 100 blockchain projects over the next five years across 15 to 18 hubs around the world.
Trust Square, the world’s biggest blockchain hub, celebrated its first anniversary this month in Zurich. Co-founder Semih Kacan says they want to roll out the innovation hub in Seoul and are scouting locations in Hong Kong and Istanbul. “Part of the internationalization strategy is to bring Trust Square likewise toward East and West,” he says.
Here’s what happened in blockchain in Switzerland this week. Blockchain hub Trust Square celebrates its first anniversary, the Crypto Valley Association heads to Consensus 2019, and Wecan mixes wine with blockchain at VivaTech in Paris.
Geneva fintech firm Wecan is showcasing its blockchain wine solution at the Swiss Pavilion of VivaTech 2019 in Paris. It aims to trace the wine you drink from the vineyard to the table. Managing partner Fabio Sofia says they are in talks with French wine producers and hope to bring Wecan Wine to market by the end of the year.
Where do your rubies and emeralds come from? Switzerland’s Gübelin Gem Lab says consumers today are more critical and curious about the origins of their gemstones. Managing Director Daniel Nyfeler tell us from GemGenève 2019 that around 50 companies are now tracing gemstones using Gübelin's blockchain solution, which was launched in February.
CV Labs in Zug welcomes its inaugural batch of 12 global start-ups in Switzerland’s first blockchain incubator. Up to USD 125,000 will be invested in each start-up in exchange for 10 percent equity. CV Labs explains its plans to set up between five and seven hubs around the world over the next three years.
Bitcoin Suisse is building up its Liechtenstein arm with a new hire, Mauro Casellini. He’s currently the head of blockchain at Bank Frick but will take over as CEO of Bitcoin Suisse Liechtenstein on July 1. Casellini explains the move and why Liechtenstein is a gateway for Bitcoin Suisse to access European clients.