"Swiss Hashgraph Association" Launches the "Hashgraph Innovation Program" to Accelerate Adoption of the Hedera Network Worldwide
Swiss Hashgraph Association, established with a grant from Hedera Hashgraph, in partnership with Swiss
SCHWYZ, Switzerland, April 20, 2022 /PRNewswire/ -- Hedera Hashgraph has entered into a strategic partnership with Swiss Digital Assets Institute (SDAI) – a professional training and education company – for the delivery of a custom-designed global "Hashgraph Innovation Program" out of Switzerland. Hedera has earmarked USD 16.3M worth of hbar in grant funding to the newly established, non-profit Swiss Hashgraph Association for the ramp-up phase of their Hashgraph Innovation Program, to be delivered by SDAI. This training and innovation program is aimed at empowering innovative startups, enterprises, and government institutions around the world to design and develop enterprise-grade solutions and decentralized applications on the Hedera network
The Hedera network is owned and governed by the members of the Hedera Council, a group of the world's leading organizations responsible for governing the network, operating nodes, and allocating the network's treasury of hbars. Last year, the Council approved the allocation of 10.7 billion hbars (~20% of total supply), worth $5 billion at the time, to further the development of the Hedera ecosystem.
The Hashgraph Innovation Program is structured to be delivered over five years and in three implementation phases. Program participants that qualify and receive a grant from the Swiss Hashgraph Association will go through three development stages, beginning with 1. Learn & Discover (training and ideation workshops), followed by 2. Visualize & Design (design-thinking and proof-of-concept modeling) and concluding with 3. Develop & Deploy (minimum viable product development and integration). Startups with high-potential business plans will be eligible to receive grants in HBAR up to $250,000, enterprises up to $750,000, and government initiatives shall receive up to $1,500,000 in co-investment funding.
Brett McDowell, Chair of the Hedera Governing Council, said:
In the foreground of the Swiss Hashgraph Association is the digital enablement of businesses and preserving decentralized technology structures for the global community through the adoption of leading-edge distributed ledger technologies (DLT), including funding raining and innovation for the benefit of digital empowerment and wider financial inclusion, with a positive environmental, socioeconomic, and governance (ESG) impact.
Kamal Youssefi, President of the Swiss Hashgraph Association, who was previously an initial Governing Council representative for Swisscom Blockchain, said:
Shayne Higdon, CEO of HBAR Foundation, said:
Andreas Barraud, Governing Councilor and Chairman of Department of Economic Affairs Canton Schwyz, said "It's our great pleasure to extend a warm welcome to Hedera Hashgraph and the newly founded Swiss Hashgraph Association in Switzerland. In close partnership with SDAI, we look forward to supporting the Hashgraph Innovation Program out of Canton Schwyz through our business-friendly environment and technology cluster as the launchpad for Hedera's global expansion plans."
Stefan Deiss, Co-Founder & Director of SDAI, said:
The Hedera network is the most-used, sustainable, enterprise-grade public ledger for the decentralized economy. The platform is governed by a council of the world's leading organizations, including Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, Development Bank of Singapore (DBS), DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, Indian Institute of Technology (IIT), LG Electronics, Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.
For more information, visit www.hedera.com or follow us on Twitter at @hedera, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/papers.
Swiss Hashgraph Association
Swiss Digital Assets Institute
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