STORM Partners, a blockchain services provider, made a significant announcement during the Web3Fest event in Switzerland’s “Crypto Valley.” Alongside Cardano (ADA), MultiversX, and other leading projects in the crypto space, the company unveiled “Lightningbox,” a new Web3 Sandbox. Additionally, STORM Partners relocated its headquarters from Montreux to Geneva.
The initiative aims to empower large enterprises in Europe to leverage blockchain technology and drive their digital transformation efforts.
STORM Partners Collaborates with Cardano (ADA) to Accelerate Blockchain Adoption
The Lightningbox initiative aims to promote the widespread adoption of blockchain by creating a trusted environment equipped with institutional-grade tools. This initiative enables large organizations to utilize Web3 tools and develop innovative solutions.
Initially, Lightningbox will focus on Impact, Consumer, and Finance pillars, with Life Sciences to be added later. These focus areas were selected based on the high demand from local traditional players looking to engage more deeply in the digital economy.
STORM Partners has partnered with integration companies to drive innovation within the Lightningbox ecosystem. Notable contributors include stablecoin issuer Circle, cybersecurity provider Hacken, MultiversX’s infrastructure, and law firm Walder Wyss.
Through a four-phase development process, Lightningbox aims to turn ideas into reality, starting with brainstorming sessions and workshops and concluding with testing and private launch campaigns.
Decentral House’s Web3-focused Corporate Innovation Day provided the platform for the announcement, bringing together industry leaders, entrepreneurs, and representatives from global brands like eBay, UNHCR, Hublot, BBVA, and UNICEF.
Prominent blockchain projects such as Cardano, Mina Protocol, MultiversX, and Hedera were also present, highlighting the event’s significance and Switzerland’s commitment to promoting crypto and blockchain adoption.
Geneva: A Global Blockchain Hub?
Sheraz Ahmed, Managing Partner of STORM Partners, expressed enthusiasm about the announcement, emphasizing the importance of creating a hub for innovative projects in the decentralized applications (dApps) space.
STORM Partners will be based at Decentral House in Geneva, known as a hub for blockchain technology growth and collaboration. Ahmed, also the founder of Decentral House, stated:
Geneva’s rich history of innovation and global institutions makes it the ideal location to drive blockchain’s global growth. Local organizations like the World Economic Forum, the United Nations, and private banks position Geneva as a hub for blockchain innovation.
The launch event featured esteemed speakers praising the Lightningbox initiative. Chris Fabian from UNICEF and Philippe Meyer from BBVA highlighted the increasing corporate interest in blockchain innovation within Geneva and the importance of blockchain technology in optimizing operational flows across industries.
Featured image from DALL-E, chart from TradingView.com
