The full potential of the distributed ledger technology (DLT) for all market participants has not been reached yet.
Creating an open repository for the technical and legal information, definition and standards for a secure, interoperable and reliable Swiss DLT infrastructure.
What’s the problem you’re trying to solve?
To extract the full potential of distributed ledger technology (DLT), reliable information, consistent definitions and subsequently standards and best practices are a prerequisite. This requires cooperation across companies, organizations and experts and interactions with politicians and regulators.
Though there are many initiatives and high government attention, the pace and extent of the adoption of DLT is ultimately a task of the ecosystem participants. They benefit from interoperability with higher volumes and lower integration, audit and supervision costs.
What are your goals and milestones?
To form a group of thought leaders and personalities from start-ups, SMEs, large companies, financial intermediaries and industry associations and to establish a co-working platform to define the core topics of tomorrow’s DLT infrastructure and fill them with content. The aim is to work on these fundamentals in a protocol and product-agnostic as well as a vendor-neutral manner and to produce in 2020 a first basis paper and four educational films.
What’s your approach?
We want to create a co-working platform for the industry, other initiatives and leading industry experts, to create a repository for technical and legal information, definition and standards for a secure, interoperable and reliable Swiss DLT infrastructure.
Our approach is systematic and structured based on (what we think) are the four essential trust elements (4 Trusts) of a DLT infrastructure:
- Trusted Digital Asset Information
- Trusted Protocol Consensus
- Trusted Digital Asset Custody
- Trusted Digital Asset Transfer
What’s the impact your aiming for?
We want to empower citizens to use the potential of DLT so that digital assets and rights can be stored and transferred in a self-determined way and transferred easily, efficiently and compliant between peers, financial intermediaries and other ecosystem participants. Switzerland, respectively Swiss 4 T Ecosystem players, could become global leader(s).
Official Launch with Feature in "Zukunft Banking - Sommeredition 2020"
July 13, 2020
As fast as technology is spreading and developing, there is still a lack of legal and technical groundwork. And it is necessary to gain the understanding and trust of the public. To this end, Digital Switzerland, Swisscom and MME, together with other partners, have launched the 4T-DLT initiative.
If you want to read the feature about the 4 Trust Elements of a Distributed Ledger Technology Infrastructure you can click here (only German). To visit or contact the people behind the 4T-DLT initiative, visit their website (in D, E, FR & I).
Milestone achieved: 4 Videos explaining 4T-DLT
April 19, 2021
As a first deliverable, the team has 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 a deep dive into DLT-innovations in action and standardization frameworks to support and boost adaption of the DLT technology.
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.
4T-DLT reaches a key milestone - the Whitepaper is published!
September 7, 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. Have a great read!
If you are 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.