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Crypto Valley Association, World’s leading Blockchain ecosystem.

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Switzerland is among the pioneers in accepting Cryptocurrencies, Blockchain Technology along with ICO's so it is deemed as the Crypto Valley of the world

Switzerland’s Crypto Valley Association is thriving by leap and bounds.

Introduction

The cryptocurrencies are still in their nascent stages and its technical applications are spread across the world. While some of the countries embrace the technology some of the others have taken from decisions to ban it. Therefore, the effective nurturing and development of the technology is constantly faced with hindrances. The technology can only develop in a good way only when there are suitable facilities required by the technology in one a single place itself, rather than being distributed among different people in different places. Let us read about the Crypto Valley, Switzerland.

 

Switzerland – The Crypto Valley

The technological developments in Switzerland with respect to the Blockchain Technology and cryptocurrencies have been very appreciable. With its amazing financial market capabilities, which is evident from the fact that almost 27% of the total of-shore Global wealth is vested with Switzerland, it is no wonder that the locale is also one of the favorites for Blockchain Technology and cryptocurrencies. Switzerland was one among the pioneers in accepting the Cryptocurrencies, Blockchain Technology along with Initial Coin Offering. Therefore it was also deemed as the Crypto Valley of the world. Nevertheless, later on, this unofficial name given to the Nation was envisioned to initiate an official Association which would integrate various blockchain based institution for the growth and development of the industry.

 

The Crypto Valley Association

In January 2017, the Crypto Valley Association was established which integrates a number of Blockchain startups in the country for the overall development of the cryptocurrencies. Founded in the city of Zug, Switzerland, the association was led by 5 Board members who are also representatives of the technology at an international level. Switzerland was favorable for this initiation due to its blockchain friendly environment and the incorporation of the decentralization paradigm. This association was introduced to further strengthen the attributes of Switzerland with respect to the Blockchain Technology.  

Even the financial regulators in Switzerland has been endorsed by a number of prominent figures in the Crypto field, as they say, that they are the only some of the handful of regulators who seems to have understood the real application and working methodology of the Blockchain Technology. In the year 2017, most of the Crypto based Initial Coin Offerings had raised $550 million collectively which accounted for 14% of the global ICO market.

How does Crypto Valley Association help?

The concept was initially put forth by Johann Gevers, as he moved his startup Monetas to Zug, Switzerland in 2013. It was then he realized the potential of such an Association in Switzerland. The association assist in connecting various Crypto organizations with each other to create an enterprise and jointly work to solve a particular problem. They even help in pushing research and development along with initiating events like hackathons to keep alive, a spark in the crypto domain.

 

Associating one’s company with the Association is highly advantageous as joining hands with them would enable the startup to gain access to some the most scarce features like best talent in the industry, deep capitals, getting to know the working paradigm of startups and major companies. Most importantly when surrounded by people with similar values and beliefs even the impossible becomes possible, in short, The Crypto Valley is the hub of most of the cryptocurrency development around the world.

Companies collaboration with the Crypto Valley

This amazing venture any blockchain field has attracted this supports from various prominent organisations in the field like the canton and city of Zug, Monetas, Switzerland Global Enterprise, Bitcoin Suisse, the Digital Finance Compliance Association, the Bitcoin Association of Switzerland, Lucerne University of Applied Sciences and Arts, Ethereum, the Greater Zürich Area, the Swiss Financial Market Supervisory Authority (Finma), MME Legal, etc. all of which has played a major role in sustaining the association.   The vibrant community is also supported by the Swiss Federal Government.

The Crypto Valley Association initiates a number of Blockchain related events including conferences and hackathons to improve the Blockchain development around the world. Apart from Bitcoin and Ethereum most of the cryptocurrency organizations has achieved its success in making use of the economic support provided by Switzerland. There are very positive vibes in the country where healthy competition seems to be taking place between the Crypto Valley, Zug, and Chiasso.   

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea

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HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.

 

HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.

 

According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.

 

HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange

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The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.

 

World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.

 

The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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