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Crypto Valley Association forms blockchain group


Crypto Valley Association, the Swiss-based not-for-profit association supporting the development of blockchain and cryptographic-related technologies and businesses, has joined forces companies that include ConsenSys, UBS, PwC, Thomson Reuters, Luxoft, Canton of Zug, and Lucerne University of Applied Sciences and Arts.
Headquartered in the Swiss canton of Zug, Crypto Valley Association is an independent, government-supported association established to take advantage of Switzerland’s strengths to build the a blockchain and cryptographic ecosystem, working with government to foster the development of pioneering digital technologies in Switzerland and internationally.
The association will support startups and established enterprises through policy recommendations, initiating and enabling research projects, and organizing conferences, hackathons, and other industry events.
Crypto Valley Association is led by president Oliver Bussmann, the founder and managing partner of Bussmann Advisory and ex-CIO of UBS and SAP; vice-president Vasily Suvorov, vice-president: technology strategy Luxoft; and treasurer Professor René Huesler, director of the Lucerne School of Information Technology, Lucerne University of Applied Sciences and Arts.
“Blockchain and cryptographic related technologies and businesses are the wave of the future,” says Bussman. “With the founding of Crypto Valley Association, we are promoting more than a region: we have founded a global association as a base for the sector’s most innovative and forward thinking companies, further strengthening Switzerland’s position as a leading centre of innovation in this sector.”
Crypto Valley Association is drawing venture capital, private equity, media, established IT firms, universities, and young startups. Network effects include attracting a skilled labour force and developing a rich ecosystem of resources and know-how for entrepreneurs and established players.