Residents of this town in Switzerland are using blockchain to trade excess solar energy with their neighbors...

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Switzerland continues to open it's doors and welcome the blockchain & cryptocurrency industry into their country.  In March, the Federal Assembly of Switzerland has voted voted to put cryptocurrency on equal legal footing as traditional assets, and it's minister said they plan to make Switzerland the “Blockchain Capital of the World”.

The plan has been so successful, the City of Zug is now being called 'Crypto Valley' - which Business Insider describes as 'Switzerland's picturesque blockchain version of Silicon Valley'.

That's why when we learned of this story - we expected to hear it took place in Zug.

But the excitement over blockchain in Crypto Valley has begun to spread throughout Switzerland - and in St. Gallen, residents are now using blockchain technology to trade excess solar energy with neighbors.

Video courtesy of CNN Money Switzerland.



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