Zug Blockchain Initiative.Why Zug is Investing $40M in Blockchain Research?

Canton of Zug invested 40M CHF in a joint blockchain research initiative between University of Luzern and Luzern University of Applied Sciences and Arts

The initiative focuses on interdisciplinary research beyond just technology, examining blockchain’s impact on social, economic, and political aspects

Funding is dedicated purely to university infrastructure and research, not for business/startup support

Project effectiveness will be evaluated after 3 years, with parliament requiring tangible results

Research will maintain close ties to industry through partnerships with companies and startups, with approximately 50% involvement from industrial partners

Initiative aims to strengthen Zug’s position as a global blockchain hub and compete with other regions like Singapore, UAE, and US

Focus areas include energy, healthcare, basic processes, and examining fundamental questions in private law and regulations

Project combines fundamental academic research with applied science approaches

International collaboration is emphasized, with existing partnerships with universities in Singapore and Silicon Valley

The initiative includes creation of a hub to spread knowledge and facilitate global dialogue in blockchain research