Swiss Hashgraph Association, created with a grant from Hedera Hashgraph, in partnership with Swiss
Digital Assets Institute (SDAI), to empower startups, corporations and government institutions around the world.
SCHWYZ, Swiss, April 20, 2022 /PRNewswire/ — Hedera Hashgraph entered into a strategic partnership with Swiss Digital Asset Institute (SDAI) – a professional training and education company – for the delivery of a tailor-made global program “Hashgraph Innovation Program” out of Swiss. Hedera has booked $16.3 million value of hbar in grant funding to new nonprofit Swiss Association of Hashgraphers for the ramp-up phase of their Hashgraph innovation program, which will be executed by SDAI. This training and innovation program aims to empower innovative startups, enterprises and government institutions around the world to design and develop enterprise solutions and decentralized applications on the Hedera network.
The Hedera Network is owned and governed by the members of the Hedera Council, a group of the world’s leading organizations responsible for governance of the network, operation of the nodes and allocation of the network’s hbar treasury. Last year, the Board approved the allocation of 10.7 billion hbars (~20% of total supply), worth $5 billion at the time, to foster the development of the Hedera ecosystem.
The Hashgraph Innovation Program is structured to be executed over five years and in three implementation phases. Program participants who qualify and receive a grant from the Swiss Hashgraph Association will go through three stages of development, starting with 1. Learn and discover (training and ideation workshops), followed by 2. Visualize and design (design-thinking and modeling of the proof of concept) and concluding with 3. Develop and deploy (minimum viable product development and integration). Startups with high potential business plans will be eligible to receive grants in HBAR until $250,000companies up to $750,000and government initiatives receive up to $1,500,000 in co-investment financing.
Brett McDowellChair of Hedera’s Board of Directorsmentioned:
“As we enter the next phase of decentralization and growth of the Hedera network, the Board continues to seek out partner organizations that can help accelerate the adoption of our best-in-class public registry globally. We recognize that Europe and the Middle East are important markets for innovative and disruptive DLT solutions. SDAI’s founders have experience bringing DLT innovation to these markets through a combination of education and incubation that leverages their network of influential partners in the region. We are delighted that SDAI has chosen to create the Swiss Hashgraph Association as a major initiative to promote the adoption of Hedera-enabled solutions, starting in the EMEA region and expanding globally from there. “
At the forefront of the Swiss Hashgraph Association is the digital enablement of businesses and the preservation of decentralized technology structures for the global community through the adoption of cutting-edge distributed ledger technologies (DLT), including training funding and innovation for the benefit of digital empowerment and more broadly. financial inclusion, with a positive environmental, socio-economic and governance (ESG) impact.
Kamal Youssefi, President of the Swiss Hashgraph Associationwhich was previously a first Representative of the Board of Directors for Swisscom blockchain, mentioned:
“We founded the Swiss Hashgraph Association to proactively empower the community, promote the growth of Hedera ecosystem projects, and confirm our commitment to enabling a vibrant ecosystem for DLT transformations worldwide. collaboration with Hedera Hashgraph and the HBAR Foundation, the Swiss Hashgraph Association will identify initiatives with high potential and enable the development of the most promising projects – offering significant grants to empower pioneers, innovators, entrepreneurs and startups, including helping large enterprises and government institutions to successfully launch their own solutions, while fostering synergies with other emerging technologies across multiple industry verticals.”
Shayne HigdonCEO of the HBAR Foundationmentioned:
“We are delighted to support training and innovation programs through the HBAR Foundation to empower startups, businesses and institutions around the world. The Swiss Hashgraph Association will play an important role in fostering new innovations in the DLT.”
Andreas Barraudboard member and Chairman of the Department of Economic Affairs of the Canton of Schwyz, said “It is with great pleasure that we welcome Hedera Hashgraph and the new Swiss Hashgraph Association to Swiss. In close partnership with SDAI, we look forward to supporting the Hashgraph innovation program from the Canton of Schwyz through our business-friendly technology and environmental cluster as a launch pad for Hedera’s global expansion plans. »
Stefan Deissco-founder and director of SDAImentioned:
“We are thrilled to bring Hedera Hashgraph to Swiss and help accelerate the wide-scale adoption of the Hedera network, as one of the highest performing and most energy efficient DLT platforms in the world. We appreciate the endorsement SDAI has received from the Swiss government via the Canton of Schwyz and look forward to implementing the Hashgraph Innovation Program, which is designed to promote wide adoption of Hedera and increase its Total Value Locked (TVL). ) as well as boosting its global developer community. .”
The Hedera Network is the most widely used, longest lasting, and widely used public ledger for the decentralized economy. The platform is governed by a board of leading global organizations, including Avery DenisonBoeing, Chainlink Labs, Dentons, Deutsche Telekom, Development Bank of Singapore (DBS), DLA Piper, EDF (Electricité de France), eftpos, FIS (WorldPay), Google, IBM, indian institute of technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro and Zain Group.
For more information, visit www.hedera.com or follow us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera white paper is available at www.hedera.com/papers.
Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups and organizations looking to launch decentralized applications in DeFi, NFT, CBDC, ESG and other sectors. . In addition to providing funding through a streamlined grant process, the HBAR Foundation acts as an integrated force multiplier through expert support in technical, marketing, business development, and other operations needed to scale. For more information on the HBAR Foundation, please visit us at www.hbarfoundation.org.
Swiss Association of Hashgraphers
The Swiss Hashgraph Association (SHA) supports training and education programs across multiple industry verticals. At the forefront is digital enablement and public empowerment through wide adoption of Hedera-powered enterprise solutions and applications in the distributed economy, including accreditation and certification. As a not-for-profit association, the association funds innovation, research and development for the benefit of economic inclusion with a positive environmental, social and governance (ESG) impact. For more information on the Swiss Hashgraph Association, visit www.hashgraph-association.com.
Swiss Institute for Digital Assets
Swiss Digital Assets Institute (SDAI) is a professional education and innovation company focused on empowering and empowering startups, corporations and government institutions around the world to adapt and compete in the age of digital assets and decentralized finance (DeFi). SDAI specializes in the design and delivery of tailor-made professional training and innovation programs in close collaboration with academic institutions, multinational companies, systems integrators, leading practitioners and government organizations. For more information about Swiss Digital Assets Institute AG, please visit www.sda-institute.com.