Zug as a global centre for blockchain technology
The canton of Zug is positioning itself as a world-leading centre for blockchain innovation. The "Blockchain Zug - Joint Research Initiative" is creating a new research network that combines academic excellence and economic dynamism. This strengthens the region as a location for future technologies and secures its international competitiveness in the long term.
The Canton of Zug is supporting the establishment of the “Blockchain Zug – Joint Research Initiative” with a financial commitment of around CHF 40 million. This innovative cooperation project between the University of Lucerne and Lucerne University of Applied Sciences and Arts aims to develop Crypto Valley into an international centre for blockchain research. The Cantonal Council gave the go-ahead for the project in February 2024.
New research institute at the University of Lucerne
A central component of the initiative is the establishment of a Zug Institute for Blockchain Research at the University of Lucerne. With nine new chairs, an interdisciplinary research environment will be created to analyse the social, economic and legal aspects of blockchain technology. HSLU is contributing its expertise from the fields of computer science, finance and engineering, thus creating a unique synergy between technological innovation and a humanities perspective.
Lighthouse project with international appeal
The aim of the initiative is to establish Zug as a global centre for blockchain research. Finance Director Heinz Tännler emphasises the importance of this project: “Blockchain has the potential to transform many areas of our lives. With this initiative, we are ensuring that we are at the forefront of this development.” This is not only an investment in the technology of the future, but also a strategic measure to strengthen Zug as a business location.
Technology meets society
Unlike many purely technological research projects, the “Blockchain Zug – Joint Research Initiative” takes a broad approach. In addition to the technical foundations, the effects on the economy, politics and society are also being analysed. This emphasises the unique character of the project, which not only aims to drive innovation, but also to understand and shape social transformations.
Long-term perspective and sustainable funding
The initiative is designed for the long term. After five years of start-up funding from the Canton of Zug, the research network is to be placed on a sustainable financial footing. An external evaluation after three years will determine the way forward.