It all started with a few pioneering crypto entrepreneurs who were looking for a jurisdiction that would allow them to experiment with a new technology – blockchain. Their success attracted like-minded companies, and soon Switzerland’s Crypto Valley had established a worldwide reputation as a catalyst for new blockchain business ventures with a variety of new applications that go far beyond the finance sector.
In the life science industry, Switzerland’s longstanding expertise has produced a strong ecosystem across the entire value chain that has always been attractive to biotech companies. Sources of innovation in this sector increasingly stem from other business models, in particular through the application of processes, databases and data analytics that allow the smart application of therapies or selection of patient groups. This allows more effective and targeted therapies for personalized medicine and more focused drug development. In the following section, the enormous potential of blockchain in the development and funding of healthcare applications is discussed by industry experts.