New Blockchain Lab launched at Fusion Geneva

Set in Geneva, Switzerland the Blockchain Lab by Fusion helps create new blockchain-enabled ventures & businesses and supports in tokenizing assets & raising funds.

Over the last 5 years together with Hong Kong and Singapore, Switzerland has emerged as a leading hub for blockchain. Amongst the 15 largest ICOs of 2017, 4 were already hosted in Switzerland. Blockchain and Bitcoin community have grown tremendously attracting individuals and startups to put a foothold in Switzerland.

The Canton of Geneva supports Fusion’s Blockchain Lab. Geneva State Councillor, Pierre Maudet says: “Geneva recognizes blockchain as an essential element of future applications including for public services. The State of Geneva has already initiated testing for blockchain technologies in the commercial register area and we are supportive of Fusion's initiative to strengthen the capacity of the local blockchain community.”

Conditions that have favored this process range from:

1. Progressive and forward-thinking regulation 

2. Strong & stable socio-economic framework 

3. Strong tradition of privacy & data-protection 
 

The canton of Zug has been a precursor to the rising trend of blockchain investments and taken progressive steps in support of the early Bitcoin and Ethereum community (Ethereum itself is established in Zug).

Over the last 2 years other Swiss hubs like Geneva have developed in a promising Business-Oriented Blockchain community and Fusion has played a strong role in this process. In 2017, Maecenas - a Fusion Fellow Startup focusing on tokenizing Art raised > USD 16 M in ICO while BankEx - another Fusion Fellow Startup - is enabling conversion of other assets like real estate into digital with issuance of tokens has raised over USD 70 M.

“With 11 Blockchain startups as part of the Fusion family and many more reaching out to seek assistance we have seen tremendous traction with the community of Entrepreneurs over the last 12 months. We are now seeing more and more interest from large Corporations,SMEs and Government and are happy to launch the Blockchain Lab to provide the right capabilities for Blockchain product innovation, education & development.”

“Over the last 12 months Fusion has been an incredible catalyst of Blockchain education and community development supporting initiatives from members of the blockchain community - to educate developers on the technical side of the Blockchain’’ says Cyril Lapinte (CTO of SMEX).

Fusion is working on with community of developers on strong Blockchain technologies like Ethereum and Stellar.

‘‘Great kudos to Fusion to bring together the blockchain community of Geneva and Western Switzerland and creating the right environment to foster knowledge sharing and further developments. Looking forward to the upcoming developments”.  Says Vincent Trouche, CEO of TokenEstate

“Whilst still in its infancy, the Blockchain is the next generation of the Internet. As entrepreneurs and venture builders we want to enable the transformation of traditional businesses as well as help entrepreneurs realize their visions.”

“Ethereum has been an incredible catalyst for the development of blockchain companies and has allowed more people to get closer to blockchain tech and start developing apps. While we continue to foster and develop the community of Ethereum in Switzerland we also plan to work closely with Stellar and other promising blockchain technologies.’’ Says Jean-Etienne Durand - Head of the Fusion Blockchain Lab and CIO at Fusion.

Fusion was also able to showcase some simple applications of Blockchain that are to be applied to various aspects of the economy: insurance, payments and even voting.

(Press release)