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Blockchain

A blockchain represents a data structure in which the authenticity and integrity of the data sets (e.g. transactions) stored in it are secured with the aid of cryptographic methods, and which can be stored decentrally via a peer-to-peer (P2P) network. This allows, for example, a distributed ledger or a distributed register to be implemented.

With regard to its use in administration, it must be clarified whether and, if so, how blockchain technology can be used to implement and offer public services more efficiently, effectively, securely and directly. Potential areas of application include distributed register management and potentially improved verifiability of votes and elections in the context of eVoting. It can also involve the use of programs that can be stored decentrally in a blockchain and executed automatically as so-called smart contracts in order to carry out transactions that are traceable, transparent and cannot be falsified. This allows, for example, purchase contracts for tangible assets or real estate to be implemented in a technically simple and direct manner.
 
The Federal Council wants to further improve the framework conditions for companies in the area of blockchain and distributed ledger technology (DLT). On 14 December 2018, it published a report on the legal framework for blockchain/DLT in the financial sector. The report shows that Switzerland's legal framework is well suited to dealing with new technologies, including blockchain.

Projects

Documentation

Improvement of framework conditions for DLT/blockchain