Alpine blockchain: "the chain of blocks will penetrate our entire economy," says Swiss government official Schneider-Ammann
In Switzerland, they seem to anticipate that Blockchain technology will further infiltrate the country's economy. Already, the Alpine nation has become known as a center of international interest for all activities related to the crypto ecosystem.
Now, the technology of the block chain is increasingly recognized as the tool that will give a definitive technological boost to the nation.
At the Crypto Valley Conference held in Bern, Swiss Federal Councilor Johann N. Schneider-Ammann said:
"Almost no one doubts that the chain of blocks will penetrate our entire economy."
A transcript of the event was published by the Federal Department of Economic Affairs, Education and Research on June 21.
Schneider-Ammann added: "We must put even more emphasis on digitization and technology in schools. We need more IT specialists (especially Blockchain experts). And we need more research projects and chairs in this field. "
The reason on which the counselor seems to support would be nothing more than the technological advance that the technology of the block chain would mean for the country. Although there is still much to discover about it, its educational benefits will be a decisive factor for its implementation.
It is already known that Switzerland is an extremely attractive place for business, and, more recently, business related to the crypto world, in which they are already well advanced.
Its capital city, Zurich, established its first Bitcoin ATM four years ago, well before the currency's sudden popularity in 2017; The national railway company allowed the purchase of virtual currencies in more than 1,000 distributors throughout Switzerland since 2016 and, according to financial regulator Finma, in 2017 four of the six largest ICOs in the world were made in Switzerland.
Zug appears on the map
Zug is a small city in the vicinity of Zurich, which has a tax plan very favorable for business and as a result is the headquarters of tens of thousands of companies, including the famous "CryptoValley".
It is currently home to more than 200 blockchain companies, including the Ethereum Foundation. Since 2016, Zug has also accepted Bitcoin payments for municipal services and hopes to release the first municipal voting system based on blockchain on June 25.
So it is clear that Switzerland has been a great support for the sphere of cryptocurrencies and the technology that gives it life.
Aware of the fact that it still needs to be done, Schneider-Ammann believes that in order to continue advancing in this type of space, diligent regulations and the action of a "Task Force Blockchain" headed by himself will be necessary:
"But to be clear, a good economic framework does not mean giving carte blanche! Abuses must also be constantly avoided in the new digital world. And companies need legal security. Otherwise, the investment will be retained, "he says.
With such support, and everything that happens in the country with respect to the chain of blocks and crypts, there is no doubt that Switzerland will stay ahead.