Swiss Industry Consortium to Use Ethereum’s Blockchain

Household names in Switzerland, including Swisscom, the country’s largest telecommunications company, the Swiss stock exchange, Zurich Cantonal Bank, the country’s third largest bank, and others, have formed a consortium to use blockchain technology for the facilitation of selling shares outside of a stock exchange, according to a translated press release. Project coordinator, Dr. Mathias Bucher, states:

“After a thorough assessment of the Blockchain platforms available today, we decided to go with Ethereum, and more specifically, with Ethcore’s Parity client.”