Telecom Operator SwissCom launches Blockchain Company SwissCom Blockchain

Daniel Haudenschild Blockchain technology will revolutionize business and administration as we know it.

SwissCom, Switzerland’s leading telecom operator announced its launch of a new Blockchain company. The company under the name SwissCom Blockchain will be dedicated to the development of Blockchain applications.  SwissCom Blockchain will be a Fintech startup owned 70% by Swisscom and 30% by its founding partners. 

Mr. Daniel Haudenschild, the CEO of Swisscom Blockchain will lead the company into the implementation of Blockchain application, and the support of initial coin offerings. He has previously worked for Ernst&Young where he led the team responsible for the acceptance of Bitcoin as a means of payment at EY. 

In an interview on SwissCom website, Haudenschild explains, “Blockchain technology will revolutionize business and administration as we know it. Supply chains, payment flows, and contractual relationships which are often complex and expensive could be simplified and Blockchain technology with its distributed databases could take over this role.”