Switzerland chocolate or Patek Philippe watch?

We could not help but talk about Switzerland. Switzerland was ranked 5th in the 2018 IMD World Digital Competitiveness Ranking while the blockchain industry has been evolving there since its early adoption. The Swiss city of Zug is considered to be The Crypto Valley: the place where Ethereum foundation was born. Not only this tiny city holds more than 450 blockchain companies and startups, but the government is also positioning itself as a crypto friendly space for newcomers. The tax regulations are very friendly and bearable and that is one of the main reasons why Zug is home to so many entrepreneurs and enthusiasts (not mentioning the picturesque views of the country).

The Swiss government went even further than that — apart from supporting the blockchain community, they decided to incorporate the technology on a local level to make the lives of the residents easier. To this day the Zug government has created a blockchain-based identity solution and also accepts bitcoin for some government payments.

In summer of 2018 the Zug municipality tested the blockchain-based elections for the first times and the experiment was recognized a successful one. The voting process was digitized and made use of the town electronic eID system, that is also decentralized and blockchain based, letting users identities be confirmed digitally and allowing citizens to pay taxes, register businesses and other things from their phones.

Switzerland covers almost every sector of the blockchain industry: financial services, healthcare, insurance, logistics, public administration, pharmaceuticals, mechanical engineering and electronics, tourism and construction. To put all of these together and introduce the enthusiasts to each other, the Smart City Hub Switzerland association was created by the Swiss cities of St Gallen, Winterthur, Zug and Zurich in partnership with SBB, Swisscom and Swiss Post. Founded in September 2018, the association will promote the idea of smart cities over Switzerland by facilitating public and private projects.

That’s it for today. Way to go, Switzerland! We hope to be a part of your smart blockchain-based city infrastructure sometime soon :)