Blockchain services provider STORM Partners made a major announcement During Web3Fest we will be showcasing Cardano (ADA), MultiversX as well as other important projects within the cryptosphere. The event took place in Switzerland. “Crypto Valley,” The company has unveiled its new logo “Lightningbox,” A new Web3 Sandbox relocated to Geneva from Montreux.
The aim of the initiative is to empower large companies in Europe to leverage blockchain technology, and to be at the forefront of their digital transformation.
STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption
Lightningbox is an initiative that aims to encourage the wide adoption of blockchain technology by creating a secure environment, equipped with high-quality tools. This initiative empowers larger organizations to use Web3 tools in order to create new solutions.
Lightningbox’s initial focus will be on three key pillars of the Geneva ecosystem: Impact, Consumer and Finance. Life Sciences is expected to follow soon. These focus areas were chosen due to the high demand of local players who wanted deeper involvement. digital economy.
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STORM Partners also partnered up with integration firms to help drive innovation in the Lightningbox eco-system. They have invested significant amounts of internal resources as well as technological expertise in this program.
Early contributors to the field include stablecoin issuer Circle MultiversX, Hacken’s cybersecurity, the law firm Walder Wyss, and Walder Wyss.
Lightningbox is a development program that consists of four phases. The initiative begins with workshops and brainstorming, then moves on to observation, improvements, feedback from the industry, and finally testing and private launches.
Decentral House’s Web3 Corporate Innovation Day, which focused on Web3 technology, served as a platform for this announcement. industry leadersEntrepreneurs and global brand representatives such as eBay. UNHCR. Hublot. BBVA. and UNICEF.
The event was also attended by prominent blockchain projects, such as Cardano and Mina Protocol. MultiversX and Hedera, were also present, highlighting the significance of the event, and Switzerland’s desire to promote cryptocurrency and blockchain adoption.
Geneva As A Global Blockchain Hub?
Sheraz Ahmed was excited about this announcement. He stressed the importance of strengthening the blockchain industry through a central hub. “bright minds and disruptive projects” In the meantime, decentralized applications (dApps) space.
It was announced as well that STORM Partners would be located in Geneva at Decentral House, which is considered to be the epicenter for a vast ecosystem that promotes collaboration and community while fostering the development of blockchain technology. Ahmed, the founder of Decentral House said:
Geneva’s rich heritage of innovation, global institutions and digital transformation makes it the ideal location to accelerate this change. Geneva is the ideal location for a number of local organizations with a global focus, including the World Economic Forum and the United Nations. Many private banks are also part of this group.
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At the event, Lightningbox was praised by a number of distinguished speakers. Chris Fabian expressed satisfaction at the growing interest among Geneva’s corporations in blockchain and innovation.
Similarly, Philippe Meyer, Head of Digital & Blockchain Solutions at BBVA, emphasized the importance of blockchain technology Dissemination across all industries including Banking and Finance to optimise operational flow and support Industry 4.0.
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Source: www.newsbtc.com