Zug sets standards in global blockchain research
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The canton of Zug is investing CHF 39.35 million in a five-year project to promote blockchain research in order to establish the so-called "Crypto Valley" as a leading global centre for blockchain technology. An innovative research institute is being founded in cooperation with the University of Lucerne and Lucerne University of Applied Sciences and Arts.
With the support of the Canton of Zug, an interdisciplinary research centre is being established that will focus on the diverse applications and effects of blockchain technology. The initiative, which is being realised in cooperation with the University of Lucerne and Lucerne University of Applied Sciences and Arts, will not only research the technological aspects of blockchain, but also the social, economic and political aspects. Finance Director Heinz Tännler emphasises that the project not only promotes scientific research, but also strengthens Zug as a business location, particularly in light of the new OECD minimum taxation that was introduced at the beginning of 2024.
Globally unique research initiative
The newly founded Zug Institute for Blockchain Research at the University of Lucerne will focus on the challenges and opportunities of this disruptive technology. Nine new chairs will be created to address the various facets of blockchain technology. The research will pursue a holistic approach that encompasses technological innovations as well as the associated social, economic and political issues. The aim is to develop an in-depth understanding of blockchain technology and its potential impact on society.
Strengthening research capacities at the Lucerne University of Applied Sciencesand Arts
The Lucerne University of Applied Sciences and Arts will significantly expand its existing activities in blockchain research through the new initiative. The university is contributing its expertise in the fields of computer science, finance and technology to the project and is working closely with the University of Lucerne to create a comprehensive research environment. This cooperation forms the basis for the hub, a platform for collaboration and communication that promotes exchange between the participating researchers and the global blockchain community.
Sustainable funding and long-term goals
Following the initial start-up funding from the canton, it is planned that the project will switch to sustainable sources of funding. An external evaluation after three years will assess the effectiveness and progress of the research initiative. These measures will ensure that the “Blockchain Zug – Joint Research Initiative” becomes a permanent fixture in the global research landscape in the long term and establishes Zug as a leading centre for blockchain technology.