Share this article
Crypto Valley Declares Blockchain Voting Trial a 'Success'
Zug, home of the "Crypto Valley" in Switzerland, has successfully completed its first test of a blockchain-based voting system.
By Muyao Shen
Updated Sep 13, 2021, 8:07 a.m. Published Jul 2, 2018, 9:05 p.m.
Make us preferred on Google
Zug, a city in Switzerland known as the "Crypto Valley," has successfully completed its first test of a local blockchain-based voting system.
As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on a blockchain as part of the city's efforts to embrace the technology. The voting process took place between June 25 and July 1, and stored both polling information and residents' IDs on the system.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SWI swissinfo.ch, a news outlet owned by the Swiss Broadcasting Corporation, reported on Monday that the city's head of communications, Dieter Müller, claimed that "the premiere was a success."
Following the positive results, Müller said that "technical details" of the voting process will be evaluated over the coming months.
According to a press release from the city government on June 25, the goal of building this blockchain-based platform was to make the voting process "safer and less susceptible to unnoticed manipulation."
The e-voting system was developed by Luxoft, a software company based in Zug, in partnership with the city and the department of computer science at the Lucerne University of Applied Sciences.
At the time, Vasily Suvorov, Luxoft's chief technology officer, said:
"There are concerns about electronic voting because voting is a fundamental mechanism for direct voting.... That's why we believe that this technology should not belong to a single company. We will build the e-voting platform 'Open Source' so that people can understand what the technology is and how it works. We want to encourage more people to develop blockchain-based applications for governments worldwide."
Swiss flags image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20
One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.
What to know:
- ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.
- One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.
- The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.
Top Stories
