Blockchain Center Of Excellence Established In Geneva By Swiss Cybersecurity Firm WISeKey

Blockchain, News | February 4, 2019 By:

Cybersecurity, blockchain and Internet of Things (IoT) firm WISeKey International Holdings has opened a new Blockchain Center of Excellence (BCOE) in Geneva, Switzerland.

WISeKey is a global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using blockchain, artificial intelligence (AI) and IoT. The company’s cryptographic tool, called Root of Trust (RoT), serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people.

Announced last month at the Geneva Blockchain Congress, WISeKey’s new BCOE is part of its partnership with Blockchain Research Institute (BRI) for the creation of a number of interconnected BCOEs around the world. In addition to the BCOEs already being established by WISeKey in India, Mauritius and Rwanda, the company will also work with BRI to set up additional center in Buenos Aires, Argentina. These centers will be interconnected via 3 Hubs: Geneva, Toronto and Beijing, a Trust Triangle operating under a Common Trust Protocol, using WISeKey’s PKI hardened Blockchain technology, bringing trust and security, while maintaining the core Blockchain values of transparency, auditability, and traceability.

Each BCOE is expected to develop a particular expertise that can be shared among all centers. The Geneva Blockchain Center of Excellence, which is located at the World Trade Center II, will assist blockchain startups to promote their technologies internationally, facilitate the rapid adaptation and on-boarding of blockchain solutions, and foster stronger collaboration between the public, private and academic sectors. The center will be officially inaugurated in April, which also marks the celebration of WISeKey’s 20th Anniversary.

“One of the ongoing projects of the Geneva Blockchain Center of Excellence is the Security Token Offering (STO) of WISeCoin AG, a Special Purpose Vehicle created by WISeKey to build the infrastructure for secure intra-object interactions for which WISeKey received a “non-Action Letter” from The Swiss Financial Market Supervisory Authority (FINMA),” WISEKey said. “WISeCoin will pursue the (STO) in Q2 2019.”