Down in ‘crypto valley’: Is the Swiss town of Zug blockchain paradise, or just a “bit half-baked”?

With startupland currently inundated with hype around initial coin offerings, Bitcoin forks, and disruptive new blockchain companies, one startup veteran says the Swiss town of Zug — recently coined as ‘crypto valley’ — might not be all it’s cracked up to be.

Zug is the home of the foundation behind second-largest cryptocurrency Ethereum, which can be thanked for the swirl of new money flooding into the blockchain space due to the ease of developing and issuing company-specific coins via the blockchain.

Jack Hurley is a serial startup founder, early-stage Bitcoin and Ethereum investor, and the founder of regional coworking space Possum Labs. His most recent project is a company called Heart, which is aiming to utilise the blockchain for humanitarian purposes through a tokenised offering called the Human Response Token (HRT).

“My previous experience in the humanitarian space has lead me to discover some of the areas that need work in the sector, including things like having the ability to follow donations all the way through the financial supply chain, which the blockchain can facilitate,” Hurley told StartupSmart. Read more

Dominic Powell - Smart Company - 22 Nov 2017