Swiss consortium exploring blockchain transaction options

posted about 6 years ago
A diversified Swiss consortium from the worlds of research, finance, ICT and telecommunications is developing a blockchain solution for conducting financial transactions.

The goal is to produce a decentralised, encrypted platform that will enable small companies to more efficiently raise funds by selling shares outside of stock exchanges.

Switzerland is home to a growing ‘CryptoValley’ of blockchain innovators, including Ethereum, which which will provide the blockchain platform.

The current project is being led by Mathias Bucher of the Lucerne University of Applied Sciences and Arts. The consortium also includes state-owned telecommunications firm Swisscom, the Swiss stock exchange, Zurich Cantonal Bank and other players.

The consortium is testing its system on over-the-counter (or off-stock exchange) company shares in Switzerland as these are relatively simple assets with low volumes. In a year’s time the group hopes to have a system that could be expanded to a range of globally transacted financial products.
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