7 September 2021 – Today, the 4T-DLT initiative, publishes a whitepaper. Broken down into the so-called “4 Trusts”, the authors provide fundamental information on the technical and legal framework to establish and operate a secure, interoperable, reliable and trusted digital infrastructure. The whitepaper is both a navigation guide and a source of knowledge for users, advisors and authorities. Read the 4T-DLT whitepaper here.
Are you interested in becoming part of the community? (i.e. to stay up to date, to contribute to the discussion or to participate in the creation of a secure, interoperable and reliable Swiss Distributed Ledger Technology (DLT) infrastructure). Join the community here.
We want to help citizens leverage the potential of distributed ledger technology (DLT), facilitating the independent storage of digital information, values and rights, and the straightforward and efficient transfer of these.
To this end, we want to work together to develop the technical and legal framework/requirements/standards necessary to establish a secure, interoperable and reliable digital infrastructure (a ‘DLT infrastructure’).
- Switzerland will become an innovative and sustainable location for DLT infrastructures.
- Property, assets, contracts and rights will be digitally represented, managed, transferred and executed on a DLT infrastructure.
- The DLT infrastructure will be limitless, efficient, fast and accessible to all market players.
- New assets can be created, exchanged and traded.
- The owner can store these assets independently (without intermediaries).
- New marketplaces will be created.
- New services and service providers will emerge.
- Laws and regulations will define the rules for digitally managed property, providing legal clarity on the use of the new technologies.
T1 – Trust Element of Configuration
How may the authenticity, integrity, confidentiality and availability of information associated with digital assets be ensured?
T2 – Trust Element of Consensus
What are the requirements for DLT protocols to allow for a seamless execution of transactions?
T3 – Trust Element of Custody
How may both companies and private individuals (themselves) be enabled to store digital assets in a reliable and easy manner?
T4 – Trust Element of Transaction
How may the liability (value deposit), allocation and transfer of digital assets be ensured in an efficient, legally secure and simple manner?
As first deliverables, the collaborators have produced four explanatory videos for each element of trust as well as an initial whitepaper outlining the technical and legal framework to establish a secure, interoperable and reliable digital infrastructure.
Outlook: The team is already working on “season 2”: Building up a community with members interested in being part of the 4T-DLT journey to discuss and participate in the creation of a secure, interoperable and reliable Swiss Distributed Ledger Technology (DLT) infrastructure.
We are not an association. We are experts who want to build the foundations for a DLT infrastructure from different perspectives. To achieve this, we are looking for thought leaders, movers and shakers from start-ups, SMEs, major corporations, financial intermediaries and industry associations to help us to define and flesh out the key issues.
Delimitation from other initiatives: The primary aim is to support all initiatives, whether by analysing information or the participation of our exponents in various other initiatives.
We will work together as a team to prepare the information and basic requirements for the use of a DLT infrastructure in a functioning ecosystem. Training and information are part and parcel of this. We will be pursuing a community approach. Results are open source.
The project was kicked off by the coordinators Luka Müller and Johs Höhener, who are also responsible for ensuring an efficient implementation. We are being supported (organisation, administration, communication) by digitalswitzerland.
The stakers will contribute to developing the 4T-DLT initiative and nominate a representative for the shapers. Full visibility in all activities, cooperation with decision-makers from business and politics
Estimated effort: 5 person days per year
Annual contribution: CHF 8,000
Visibility in all activities, liaison with leading experts from business and politics, development and co-determination of the infrastructure of tomorrow.
The shapers will work on the implementation and coordinate the activities in their organisations and the respective working group. Persons with special knowledge in the field of DLT, who are interested in working on the ecosystem, are very welcome. Already involved are:
- Harald Baertschi, Prof. Dr. iur., LL.M., Attorney at Law, Zurich University of Applied Sciences (ZHAW), Baertschi Attorneys at Law Ltd
- Dr. Sebastian Bürgel, Founder HOPR Association
- Yannick Hausmann, Dr. iur. LL.M., Attorney at Law
- Johs Höhener, Head FinTech Swisscom Digital Business
- Dr. Jacques Iffland, Partner and Head of Capital Markets at Lenz & Staehelin
- Dr. Luka Müller, Legal Partner MME
- Patrick Oltramare, SwissCaution SA
- Fedor Poskriakov, Partner at Lenz & Staehelin
- Dr. Mattia Rattaggi, Crypto Valley Association/METI Advisory
- Patrick Salm, Head Token Platform Seba
- Dr. Adrien Treccani, Founder and CEO at Metaco SA
- Gino Wirthensohn, Chief Legal, Compliance & RegTech Officer, Sygnum Bank AG
The contributors will work with the shapers on the development of background and information material for the infrastructure of tomorrow.
They will have an opportunity to actively develop the initiative alongside leading experts; visibility will depend on the contribution made.
Estimated effort: 5-10 person days per year
- Guillaume Gabus, Co-Lead Leap at digitalswitzerland
- Rolf W. Guenter, Attorney at Law, MBA University Rochester NY, Partner Suter Howald Attorneys at Law, Zurich University of Applied Sciences (ZHAW)
- Nathan Kaiser, General Counsel at SIX Digital Exchange
- Travin Keith, Co-Founder Immunefi
- David Meirich, Junior Legal Associate MME
- Aurelia Nick, Legal Advisor MME
- Bruno Pasquier, PD Dr. iur., LL.M., Attorney at Law, senior lecturer at Zurich University of Applied Sciences (ZHAW) and professor at School of Management Fribourg (HES-SO)
- Gian Pfister, Finance & Risk Team at SEBA Bank AG
- Orkan Sahin, Manager, EY Digital Law Switzerland
- Marc Stammbach, Global Sr. Mgr. PM Safe Locks at Dormakaba Schweiz AG
- Michael Svoboda, Co-Founder & CEO, atpar AG
- Dominic Vincenz, FinTech Expert at Swisscom Digital Business
Let’s work together to consolidate the 4 Ts and define the standardisations to lay the foundation for a trustworthy, ecosystem-ready DLT infrastructure. To achieve this, we need passionate individuals with an interest in pushing the agenda forward with drive and enthusiasm.
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