We have been writing so many times about how blockchain is changing different industries, governments and companies. And in general, distributed ledger technology is going to change the way in which the economy works.
Swiss Federal Councillor Johann N. Schneider-Ammann, said that blockchain will have a big impact in the entire economy. The information has been released by the Federal Department of Economic Affairs, Education and Research on June the 21st.
Switzerland Convinced About Blockchain’s Potential
Mr. Schneider-Ammann commented about blockchain technology:
“We need to put even greater emphasis on digitalisation and technology in schools. We need more IT specialists (not to mention Blockchain experts). And we need more research projects and professorships in this field.”
Moreover, he explained that all the existing abuses must be prevented and avoided in the new digital era. He stated that this is very important because otherwise, investment will be withheld.
But, it is also important to mention that Thomas Moser, board director at the Swiss National Bank (SNB), believes that central banks do not have the same interest in developing Central Bank Digital Currencies (CBDC) as they have some time ago.
He said during the Zug Crypto Valley Conference:
“The whole technical issue, which excited everyone, really takes second place to this conceptual policy issue. The mood now is: everyone is monitoring it, some are experimenting with it, heavily, but I think everyone is waiting for someone else to do it first so we can.”
From June the 25th to July the 1st, residents of the Swiss city Zug, will be able to use the eID system implemented by the government in order to vote via their smartphones on a blockchain based voting test. The main intention is to see whether it is possible to implement the technology in future referendums that may take place in the region and the country.
Switzerland has taken very open policies towards crypto-related companies, virtual currencies and blockchain technology. But it is important to follow how the country will keep evolving in the future.
