Announcement: Geneva Foundation for Future, Values and Trust for Impact investing ORAL PRESENTATION

Our multi-disciplinary team is involved in the development of companies and NGOs. In this context, it has observed a mismatch between interesting projects worthy of sponsorship funding and the requirements of public and private funding bodies. This is particularly true in terms of the presentation of projects, in order to apply for funding and - at the end of the reporting exercise - to meet their standards.

This mismatch leads to a lack of productive interaction between projects and funding agencies. If they were brought together, the available funds, which are not being met, and the serious projects, which are not being funded, would have a much greater potential for societal impact, both qualitatively and quantitatively.

We propose to make available user-friendly and efficient instruments within a Foundation called Fondation de Genève pour le Futur, which could at the same time provide the necessary services, consulting, training and coaching to the actors concerned in order to make all these interactions fluid.
Mrs Christa MUTH, co-founder, Geneva Foundation for the Future, Switzerland

How electronic negotiable instruments (promissory notes / bills of exchange) can enable sustainable organic economic growth - strategies, tactics and a roadmap for governments and central banks. ORAL PRESENTATION

FQX is radically facilitating trade finance & money markets by using eNotes, a disruptive short-term financing & payment instrument. In essence, an eNote is an unconditional promise to pay a specific sum to another party at a specific future date. The eNote is based on Blockchain technology and can be flexibly sold and transferred to any third party (i.e. an investor). When compared to other financing options, eNotes as negotiable instruments outperform through their financial steering capabilities and global transferability. eNotes are based on the globally proven, formerly paper-based “promissory notes”. The enforcement regime applicable to eNotes is recognized in over 165 countries. FQX is the first market-ready solution for eNotes built on a banking-grade Blockchain (Swiss Trust Chain) with a unique, patent-pending authentication mechanism (based on regulated and qualified electronic signatures provided by Swisscom). The eNote infrastructure can be integrated into financing platforms of banks and Fintechs, allowing their customers to benefit from the entire eNote lifecycle from issuance to settlement.

Mrs Benedikt SCHUPPLI and Mr Frank WENDT, Executive Chairman, FQX AG, e-promissory notes, Winner of Swiss Fintech Award 2021

GainForest: A sustainable smart contract to restore our natural world ORAL PRESENTATION

Protecting and restoring our natural world is a resource-intensive task and conservation projects around the world depend on sustainable funding. Unfortunately, traditional donations require mutual trust between all parties. Donors must trust that communities are using their received donations for the agreed purposes. Communities on the other hand have to incentivize donors to donate to them. This usually happens through time-intensive and costly actions such as public marketing, scientific studies, expensive data collection, or third-party certification to verify impact. In addition, a middleman (such as a bank) usually sits in between the transaction of donors and communities, introducing significant legal (e.g. blocking transfers) and economic friction (e.g. large fees).
GainForest is an open platform that empowers sustainable conservation efforts by unifying 1) accessible and automated monitoring, 2) auditable and decentralized payments and 3) stakeholder engagement and user-focused token incentives into one system. GainForest leverages artificial intelligence and blockchain technology to develop a cryptocurrency that rewards you for sustainable nature stewardship. We believe that GainForest enables payments from private citizens to local communities in need at a much faster, easier, and safer rate than existing approaches with less legal work, resulting in urgently needed and accelerated climate action.

Mr. David DAO and Mr. Simge SANDAL, Co-Founder and CEO/ Co-Founder COO, GainForest, ETH Zürich, https://daviddao.org/

Youth Focused Action for Climate Empowerment Innovation - United Citizens Organization & DigitalArt4Climate ORAL PRESENTATION

At the UN Climate Change Conference COP26 in Glasgow/UK, the Global Challenges Action Empowerment consortium GloCha announced the formation of the United Citizens Organization for Action for Climate Empowerment, a blockchain technology based quasi-international organization for all-of society engagement in climate action and citizen centric resource mobilization innovation for action for climate empowerment (https://www.glocha.org/united-citizens-organization-announcement-at-cop26/). The UCO is going to facilitate youth focused non-state actors’ climate action coordination and incentivization with a focus on resource mobilization innovation (DigitalArt4Climate, Carbon footprint compensation cryptostamps, Climate philanthropy innovation, digital bonds for climate neutral cities/disaster resilient cities), gamification and digital communities building. In the context of the Geneva Forum Smart Finance and cryptoassets programme, UCO proponents will present elements of its draft Whitepaper and explore with the audience how such blockchain based and citizen centric climate governance and finance innovation can create synergies with the international community and blockchain community in Geneva/Switzerland.

Mr Miroslav POLZER, founder and CEO, Irina KARAGYAUR, IAAI GloCha, https://www.glocha.org/

The impact of cryptocurrencies on sustainable development and world peace ORAL PRESENTATION

Peace has always been a long-standing dream of every human being and an international goal and ideal for every community from the beginning of time.
But what is peace and what are its dimensions? Peace is mostly an internal concept rather than an external concept and it originates from within. Internal peace leads to external peace and ultimately world peace. Peace is a complex and multidimensional topic which consists of numerous and interconnected components, the realization of which will be achieved with realization of its components and concepts, and thus the concept of lasting peace is formed in the context of time. This means that it is considering all concepts constituent of peace that will guarantee its stability; otherwise it would be a temporary peace and the calm before the storm, which in a short time will lead to tension and then another violence.

Over time, peace has evolved from the absence of war to the existence of peaceful relations, and positive peace depends on the development of relations and strengthening of international cooperation in all areas referred to in the second paragraph of Article 1 – Charter of the United Nations. It is perfectly clear that the most important kind of cooperation is Economic Cooperation, and there’s a reason that some believe when goods do not cross the borders, soldiers will.
Productivity in the development of economic relations requires financial exchanges, and the use of cryptocurrencies can undoubtedly remove many of the current barriers to trades and play an effective role as a facilitator of trade in the international scene.

Today, in the international scene, technology plays a key role in all fields, and the economy has not been devoid of these technological changes. Blockchain and crypto mining technology is also an emerging phenomenon that needs to be regulated more legally by the United Nations.

These cryptocurrencies, as facilitators of trade in the international scene, can also become white trade’s Achilles’ heel and be at the service of black trade in the international economy. In this study, by referring to the United Nations Convention on the Use of Electronic Communications in Concluding International Contracts, it is suggested to use electronic (smart) contracts in the context of blockchain to record trade transactions based on cryptocurrencies. This, while monitoring the flow of money in the national scene, will also induce countries to implement it in their trades via international convention.

Mr Ghasemali SABOURI and Atefeh AMININIYA, Islamic Azad university-Dubai branch, Ialamic Azad university, Islamic Republic of Iran

Sustainable crypto: the real yield farming ORAL PRESENTATION

In 2021 the crypto industry has surpassed 100M users and DeFi has grown from a few million $ of total Locked Value to over 100B$.

Crypto is shaking the world but what is the impact? How can you merge the beauty of the tech while protecting the world?

Mr Cyrus FAZEL, Founder and CEO, SwissBorg

Digital Financial Inclusion For All ORAL PRESENTATION

No fiat currency has been able to last 3 generations without going out of existence or depreciating at least 90% against gold. Having good quality money is a necessary condition for sustainable economic development.

With digital financial inclusion, AgAu is determined to build economic resiliency. Many populations and governments lack sufficient financial literacy and fiscal discipline to provide a prosperous and sustainable economic environment.

AgAu aims to leapfrog the traditional financial system by providing the bedrock of a prosperous economy with a sound money system backed by gold and silver. AgAu allows anybody with a mobile phone and internet connection to engage in an inclusive financial ecosystem and revive the free enterprise system.

Mrs Takhmina NASIMOVA and M. Thierry ARYS RUIZ, AgAu AG, Switzerland, https://agau.io/projects/agau-for-sdgs/

Decentralized Finance: The future of finance ORAL PRESENTATION

Decentralized finance (DeFi) combines several technologies that enable the ownership and trading of financial assets without the need for a central authority - a development that has the potential to fundamentally change the current financial system and many more areas in business and government. Following the introduction of the main building blocks of DeFi such as blockchain and smart contracts, we will explore the benefits and risks of decentralized finance for societies.

Prof. Aleksander BERENTSEN, University of Basel, Switzerland, www.unibas.ch

The role of Self-Sovereign Identity and virtual currencies for economic inclusion and sustainable development ORAL PRESENTATION

Legal Identity for all (SGD 16.9) is a pre-requisite for effectively implementing smart finance and the use of virtual currencies. But, if we are to achieve smart finance and the legal use of virtual currencies, then, we would need to address a huge challenge: infrastructure availability.

Mrs Christiana ARISTIDOU, Christiana Aristidou LLC, Cyprus

Intellectual Property & Asset Tokenisation ORAL PRESENTATION

Florian DUCOMMUN will explain the notion of “asset tokenization”, expose the differences between native and asset tokens and between primary / secondary markets. He will then highlight the potential of disruption of asset tokenization / distributed ledger technology on capital markets and financial market infrastructures. Finally, he will explain the strategy for the future of the Swiss financial center and the new DLT infrastructure license adopted by the Swiss legislator.

Mr Florian DUCOMMUN, HDC, Suisse

Archiving “Health For All” in the era of digital financing ORAL PRESENTATION

The Decentralized Health (dHealth) Network is the proposition of a distributed and community-owned network for healthcare-related transactions that powers a global data-driven healthcare ecosystem. It is adapted to patients’ and industry needs and targets healthcare-related transactions without the noise from other industries. The Centiva app has developed a solution poised to transform health financing: the value of health information can be tokenized and converted into the future health currency. Through blockchain-technology people control access to their health data and get a fair reward for its use. Centiva’s goal is that everybody can afford health services by making their data shareable.

Mrs Quy VO-REINHARD, HIT Foundation and Centiva Health, Switzerland

Finethics: an immersive serious game to build your ethics in finance ORAL PRESENTATION

Finethics is an immersive serious game created by Grenoble Ecole de Management in 2018 to take up the following pedagogical challenge: "How to make strong ethical dilemmas emerge and confront finance students with them in order to enable them to survive, to explain them, to analyze them in order to enable students to better act on the next dilemmas they encounter".

The communication focuses on the way in which the assets of the game as well as the total immersion of the learner support this issue. The aim is to highlight the relevant game levers to meet this need and also to demonstrate the added value of immersion (Virtual Reality) to meet this challenge.

This serious game has been designed to also support companies and businesses in the field of finance to start questioning ethics and finance.

Mrs Isabelle PATROIX, Arnaud RAFFIN et David COURTY, Grenoble Ecole Management, France, https://www.grenoble-em.com/serious-games

Building Vibrant, Inclusive, Green and Prosperous Neighbourhoods Towns, Cities and Regions ABSENT

Throughout human history, and in particular during the past 30 years, complementary forms of money and credit have been invented in order to strengthen social and economic resilience. In this presentation we will examine what has been done, and how it points to the future of a money that promotes cooperation, stability, sustainability and social resilience to climate change and other crises.

Mr Stephen DEMEULENAERE, Qoin Foundation, Canada, https://www.qoin.org

Cryptocurrency and Blockchain for Democracy ORAL PRESENTATION

Gabriel Jaccard is a PhD candidate at the University of Geneva his thesis studies smart contract under swiss law. In addition, Gabriel is very active at political and associative level. Notably, he holds the position of Vice-Chair of the Regulatory Working Group at the Crypto Valley Association. Firstly, we will discuss the role of private instruments of payment as a democratic tool. We will review some of the regulatory reactions that were taken, from prohibition to adoption. Finally, we will discuss how cryptocurrency might be an incredible tool for democratic ideas. Secondly, we will discuss the use of blockchain for voting system and as a democratic tool. We will review some of the projects that use this technology. Finally, we will discuss how blockchain can be an efficient solution for democracies.

Mr Gabriel JACCARD, Université de Genève, Switzerland

New technologies in the tax matters: the way forward ABSENTE

New technologies as blockchain, DLT, ML, even robotics have some characteristics which could be useful in the new digital age we are living in. Imperativ for tax authorities is to follow and implement new technologies for the benefits for the both sides: tax authorities and taxpayers and citizens. Developing cryptocurrencies is another aspect that is very interesting for tax purposes. Challenges of the digital era, bring tax authorities and governments possibilities to embrace advantages of new technologies to achieve their strategic goals: increasing compliance, timely collecting the taxes, providing quality services to the taxpayers and citizens and preventing tax frauds. Exchange information between countries in real time is crucial.

Mrs Ksenija CIPEK, Ministry of Finance, Croatia