Blockchain service provider STORM Partners has made a big announcement during Web3Fest, along with Cardano (ADA), MultiversX and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley”, the company unveiled “Lightningbox”, a new Web3 Sandbox, and moved its headquarters from Montreux to Geneva.
The initiative aims to enable large companies in Europe to harness the potential of blockchain technology and lead their digital transformation efforts.
STORM Partners Joins Cardano (ADA) to Accelerate Blockchain Adoption
The Lightningbox initiative seeks to facilitate widespread blockchain adoption by establishing a trusted environment equipped with institutional-grade tools. This initiative empowers large organizations to leverage Web3 tools and build new solutions.
Initially, Lightningbox will focus on three pillars intrinsic to the Geneva scene: Impact, Consumer and Finance, followed soon by Life Sciences. The selection of these priority areas results from substantial demand from local traditional actors seeking deeper involvement in the digital economy.
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STORM Partners has also partnered with integration companies to drive innovation in the Lightningbox ecosystem. These integration partners committed significant internal resources and technological expertise to the program, totaling substantial six-figure support.
Notable early contributors include Stablecoin issuing circle (USDC), cybersecurity provider Hacken, MultiversX infrastructure and law firm Walder Wyss.
Lightningbox aims to turn ideas into reality through a four-phase development process. Starting with brainstorming and workshops, the initiative progresses through observation and improvements, industry and community feedback, and ends with testing and private launch campaigns.
Decentral House’s Corporate Innovation Day focusing on Web3 served as a platform for the announcement, bringing together industry leadersentrepreneurs and representatives of global brands such as eBay, UNHCR, Hublot, BBVA and UNICEF.
As mentioned, prominent blockchain projects such as Cardano, Mina Protocol, MultiversX and Hedera were also represented, highlighting the importance of the event and Switzerland’s willingness to promote the adoption of cryptography and blockchain.
Geneva as a global blockchain hub?
Sheraz Ahmed, managing partner at STORM Partners, was excited about the announcement. He highlighted the need to strengthen the blockchain industry by providing a hub for “brilliant minds and disruptive projects” in the decentralized applications (dApps) space.
It was also announced that STORM Partners will be located at Decentral House in Geneva, considered the epicenter of a large ecosystem that promotes community, collaboration and the growth of blockchain technology. Ahmed, who is also the founder of Decentral House, said:
Geneva has a rich history of innovation and global institutions; is the ideal place to fuel this digital transformation. Local organizations striving for global impact, such as the World Economic Forum, the United Nations and many private banks, make Geneva the perfect place to guide and amplify the growth of blockchain across the world.
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The launch event was attended by renowned speakers who praised the Lightningbox initiative. Chris Fabian, Giga (UNICEF) co-leader, expressed delight at witnessing increased corporate interest in innovation and blockchain in Geneva.
Likewise, Philippe Meyer, Head of Digital Solutions and Blockchain at BBVA, emphasized the importance of blockchain technology dissemination across all sectors, including banking and finance, to optimize operational flows and support the emerging Industry 4.0.
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