Switzerland will sponsor the Swiss Blockchain Hackathon after this season in an attempt to help companies locate real-life software of blockchain technology, based on a statement printed on Feb. 27.
The three-day event is allegedly coordinated by Switzerland’s six major blockchain and IT associations — Trust Square, Bitcoin Association Switzerland, CV Labs, Crypto Valley Association (CVA), Swiss Blockchain Federation and also swissICT — also will occur from June 21 to June 23, 2019.
Per the statement, the hackathon was made to ease the installation of blockchain across a vast array of industry sectors and help locate the tech’s concrete applications and business models. The event reportedly intends to bring around 200 business players from Switzerland and other nations.
Switzerland has launched itself as a cryptocurrency and blockchain-friendly nation, using its worldwide hub for virtual currencies referred to as the “Crypto Valley” from the canton of Zug. According to the yearly”State of European Tech” report from tech investment company Atomico, the”Crypto Valley” was rated the high-tech technology community at Europe.
Lately, the president of the CVA, Daniel Haudenschild, announced who”we require a shift in our legislation and [sic] that needs more interaction with lawmakers and regulators. We will need to create Switzerland open and simple for organizations to invest in blockchain jobs” In addition, he noticed that the crypto keep market ruined Switzerland’s standing as a worldwide blockchain hub.
Last December, the Swiss Minister of Finance, Ueli Maurer, suggested that rather than a particular blockchain or cryptocurrency legal frame, Switzerland must tweak present legislation to permit for its new technology along with its own financial program. The authorities reportedly expects to suggest modifications to six legislation, including the civil code and insolvency legislation, this season.