Things you should know about Swisstronik | Overview

4 min readApr 17, 2024

How to build a privacy-oriented and regulatory compliant dApp without huge budgets for the legal team? How to keep up with rapidly changing crypto regulations? And most importantly, how to play by the rules while at the same time staying decentralized and privacy-focused? All these issues could be resolved by Swisstronik, an identity-based hybrid blockchain that lets Web3 and traditional companies easily build compliant products thanks to on-chain KYC, AML, and DPR solutions and blockchain privacy features.

In this brief overview, we have compiled key information you need to know about Swisstronik and their journey towards a safe Web3.

Let’s get into it!

1. What exactly is Swisstronik?

Swisstronik is an identity-based hybrid L1 blockchain that is built using the Cosmos SDK and leverages Proof-of-stake (PoS) using Tendermint’s Byzantine fault-tolerant consensus algorithms. The network is also EVM compatible. On top of it, Swisstronik is launching dApps that are able to keep a balance between user privacy, regulatory compliance, and decentralization.

2. Who might be interested in Swisstronik solutions?

Swisstronik is designed for a wide range of crypto users — developers, individual users, and enterprises. It will benefit everyone who cares about data protection, privacy, and decentralization values. But eventually, the entire Web3 and TradFi communities should be interested in Swisstronik. Why? Swisstronik tools help to merge these 2 worlds while taking the best from each: decentralization and user privacy standards from Web3 and accountability and access to a vast array of assets and liquidity from TradFi.

3. What makes Swisstronik secure and private?

Swisstronik uses a combination of software and hardware privacy tech:

— Programmable protection technology based on Intel SGX (Software Guard Extensions)
This set of extensions aims to provide integrity and confidentiality guarantees for security computations performed on a computer where all the privileged software is potentially malicious.

— Cryptographic protection technology based on Zero-knowledge proofs (zk-SNARKs)
This method allows to prove the validity of a statement without revealing anything other than the validity of the statement itself. You can learn more about Zero-knowledge proofs here.

Thanks to these data protection methods, even validators do not have access to user data on Swisstronik.

4. What is Swisstronik’s Compliance Suite?

Swisstronik and the dApps built on top of it are powered by the Swisstronik Compliance Suite. It was designed to reduce any company’s compliance burden by doing compliance management in a more cost-effective manner.

This suite consists of a distributed network of legal service providers that work together to provide KYC, AML, and DPR compliance.

Compliance is achieved in a decentralized way, and the whole system can adapt to local regulations in real time.

5. How KYC & AML and regulations can even be combined with privacy and decentralization?

According to the Swisstronik team’s beliefs, to fulfill its potential, the blockchain world is required to be regulated. Regulations are part of the game, and they cannot be ignored, whether we like it or not. Therefore, it is important to collaborate with regulators and help them set justly balanced rules.

Moreover, in the view of Swisstronik, KYC & AML can work differently, in a decentralized way and with minimum data disclosure. Like, for example, Swsstronik’s Decentralized Identity solution (SDI).

5. What are the main advantages of the Swisstronik blockchain?

Data protection and enhanced privacy in compliance with regulations
Cosmos SDK for seamless interoperability with the Cosmos ecosystem
EVM-compatible for ease of development
Developer-friendly
Low transaction fees
High transactions speed

6. What are the core use-cases?

For end users:

Swisstronik SuperApp

Swisstronik offers an interface from which all dApps built on top of it can be accessed. For instance, its own wallet software (non-custodial user-friendly wallet with cross-chain support) that allows you to manage your assets and identity data, as well as other regulated dApps and assets.

The wallet is available on Android, IOS or as a browser extension.

Decentralized Messenger

Swisstronik expects to build a privacy-focused messenger to allow users to send messages, files, or make calls without any data stored on centralized servers.

The DEX will enable novice and advanced users to safely and easily convert fiat currency into crypto and vice versa with off- and on-ramp payments.

For developers and businesses:

Distributed Authorization System
Secure Corporate Communication System
Secure Computation Execution Platform
Suite for a company’s asset tokenization

More information on current and future use-cases can be found in the whitepaper.

7. What is the utility of SWTR token?

SWTR is a native token of Swisstronik that is used to:

Pay transaction fees within the network
Ensure the operation of the consensus mechanism
Participate in governance

8. Where can I keep track of Swisstronik updates and learn more?

Learn more about the project on swisstronik.com and in the whitepaper
Follow Swisstronik on social media: X, Discord, and Telegram