Blockchain service provider STORM Partners has achieved success announcement during Web3Fest, which was accompanied by Cardano (ADA), MultiversX and other immense projects in the crypto space. During the event in the Swiss “Crypto Valley”, the company presented the novel “Lightningbox”. Web3 Sandbox and moved its headquarters from Montreux to Geneva.
The initiative aims to enable immense enterprises in Europe to harness the potential of blockchain technology and lead digital transformation efforts.
STORM Partners Join Cardano (ADA) to Accelerate Blockchain Adoption
The Lightningbox initiative aims to facilitate widespread adoption of blockchain by creating a trusted environment equipped with institutional-grade tools. This initiative enables immense organizations to apply Web3 tools and create novel solutions.
Initially, Lightningbox will focus on three pillars inherent to the Geneva landscape: impact, consumers and finance, with life sciences soon to follow. The selection of these areas of focus is driven by significant demand from local, customary players who want deeper involvement in the market digital economy.
STORM Partners has also partnered with integration companies to drive innovation in the Lightningbox ecosystem. These integration partners have committed significant internal resources and technological expertise to the program, representing significant six-figure support.
Notable early contributors include Stable coin issuer circle (USDC), cybersecurity provider Hacken, infrastructure MultiversX and law firm Walder Wyss.
Lightningbox’s goal is to turn ideas into reality through a four-phase development process. Beginning with brainstorming and workshops, the initiative moves through observation and improvement, industry and community feedback, and culminates in testing and private go-to-market campaigns.
The platform for the announcement was the Corporate Innovation Day organized by Decentral House, focusing on Web3 industry leadersentrepreneurs and representatives of global brands such as eBay, UNHCR, Hublot, BBVA, and UNICEF.
As mentioned, notable blockchain projects such as Cardano, Mina Protocol, MultiversX and Hedera were also represented, highlighting the importance of the event and Switzerland’s desire to promote cryptocurrency and blockchain adoption.
Geneva as a global blockchain center?
Sheraz Ahmed, managing partner of STORM Partners, was enthusiastic about the announcement. He stressed the need to strengthen the blockchain industry by providing a hub for “bright minds and breakthrough projects” in decentralized applications (dApps) space.
It was also announced that the STORM partners’ headquarters will be located at Decentral House in Geneva, considered the epicenter of a immense ecosystem that supports community, collaboration and the development of blockchain technology. Ahmed, who is also the founder of Decentral House, said:
Geneva has a luxurious history of innovation and global institutions; this is the perfect place to drive this digital transformation. Local organizations that strive for global impact, such as the World Economic Forum, the United Nations and many private banks, make Geneva an ideal location to lead and strengthen blockchain development around the world
The launch event featured esteemed speakers who praised the Lightningbox initiative. Chris Fabian, co-chair of Giga (UNICEF), expressed his delight at seeing increased corporate interest in innovation and blockchain in Geneva.
Similarly, Philippe Meyer, director of digital and blockchain solutions at BBVA, emphasized the importance blockchain technology dissemination across industries, including banking and finance, to optimize operational flows and support emerging Industry 4.0.
Featured image from DALL-E, chart from TradingView.com
