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The metropolis of Italian-speaking Switzerland has created an unprecedented shared, institutional and non-profit data structure, for the benefit of all
Authoritative, reliable e accessible: so it is described “3Achain”, the blockchain created by City of Lugano in Switzerland as part of the economic promotion of the urban laboratory Lugano Living Lab.
With this initiative, the municipality on the banks of the Ceresio strengthens one's vocation “crypto-friendly city”, i.e. a pole of reference within the sphere of blockchain technology.
As you know, a blockchain consists of a set of capable technologies to record transactions in one chain of blocks which keep memory and proof of it (be they purchases, contracts, agreements, and so on).
one of the crucial aspects di this technology is the verification of every transaction made by a decentralized network, what makes this type of immutable, therefore stable and secure digital exchange.
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Non-profit initiative, daughter of the LVGA payment tokens
La Lugano cityor has therefore decided to create one private blockchain, institutional and non-profit, in favor of companies, the academic world, research and the interested public bodies.
With this initiative, which promotes the networking of economic and institutional actorsthe major center Ticino settlement is positioned as a point of reference in the field of technologies related to the blockchain.
It is a clear sign of the opening of thepublic authority with mayor Michael Foletti towards these new digital tools, interesting for entrepreneurs and active professionals in the sector even beyond i cantonal and national borders.
With this project the City of Lugano wants, on the one hand, to make a factual contribution to understanding of this technology (favoring the public debate and creating opportunities to meet and disclosure in the form of events, workshop e conferences) and, on the other hand, render it concrete, tangible e accessible.
Lugano has already gained experience in the sector with theMyLugano app and cashback on purchases (cash-back) Furthermore 120 exercisescitizens, through i payment token LVGA points, a true digital complementary currency based on blockchain, to which is now also added “3Achain”.
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A sustainable technical solution also in terms of energy
The most common applications of this technology they have a limit energy expenditure.
Lugano wanted to overcome that limit with a sustainable technical solution in energy terms, also eliminating the expense fees for citizens and traders.
La identified solution is the creation of one institutional network guarantor of transactions that allows the evolution from a "validation algorithm" to a “authority algorithm”.
The authority of the partners in fact guarantees the blockchain to operate without the need to carry out costly computer controls which generally constitute the main cause of a increased energy consumption.
Thus Lugano has evolved into the most dynamic Swiss digital hotspot
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“3Achain” wants to be within everyone's reach: citizens and companies. Accessibility is one of three pillars which distinguish the Lugano blockchain. The project allows anyone who wants to approach this innovative tool the possibility of doing it with the least possible effort.
Users have available advantageous rate plans, which encourage experimentation and the start of new business ideas.
partners, directly managing the platform, they will develop a unique knowledge and they will put their own at the service of all ideas and experiences in the sector. This infrastructure is, in fact, based on open source technologies. The advantages of innovation they will therefore always be shared.
In addition to accessibility, it is also characterized by the its authority, which is primarily guaranteed by the promoter, the City of Lugano, and then from the solidity of partners who join the project.
Reliability is there third characteristic of the initiative and is based on numerosity andheterogeneity of the partners: a peculiarity that allows to overcome the limits of the current ones public blockchain.
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Governance and independence: one node for each of the partners
“3Achain” will be structured so that each partner must host an infrastructure node (ie a computer server) so as to ensure governance distribution and platform independence.
To the "3Achain" project, promoted by City of Lugano, have joined: Industrial Companies of Lugano (AIL) SA; BancaStato; Casino Lugano SA; Cantonal Hospital Authority; Ex Machina SAGL; Fidigit SA; IBSA Institute Biochimique SA; Interroll Management Ltd; Lifestyle Tech Competence Center; Logol AG; Luxochain S.A; Swiss Mobiliar Insurance Company Ltd – Lugano General Agency; Moresi.com SA; Noku S.A; Poseidon Group AG; SUPSI – University of Applied Sciences of Southern Switzerland; Lugano Regional Bus Company; Swisscom (Switzerland) Ltd; Ticino Blockchain Technologies Association; Ticino Tourism; Tinext SA; DOORS – University of Italian Switzerland
“3Achain” is a project that fits into the digital evolution process of City of Lugano, consistently with the Development Lines 2018-2028 promoted by the Town Hall and the vision of a Lugano innovative city e specialized pole and reference in digitization.
The project represents an important piece aimed at expanding the networking of public and private actors in favor oflocal economy.
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The livestream of the event “BeatCoin &nd BlockChange” in Lugano on October 29, 2021 (in Italian)
The livestream of the “BeatCoin &nd BlockChange” event in Lugano on October 29, 2021 (in English)
