Leading global and cyber security, Blockchain and IoT Company, Wisekey, just announced the opening of its Geneva Blockchain Center of Excellence. As announced at the Geneva Blockchain Congress in January, the new center is part of a partnership made with Blockchain Research Institute (BRI) in creating a good number of interconnected Blockchain research centers of excellence around the world.
Blockchain centers of excellence are already being established in various locations by Wisekey. These centers are located in India, Rwanda, and Mauritius with a view of building centers in more locations such as Buenos Aires, Argentina. All these centers will be interconnected through 3 hubs; Geneva, Beijing and Toronto. This will be a trust triangle operating under a common protocol, which will be secured by Wisekey’s PKI hardened blockchain technology. This will not only bring security and trust, but will also boost the blockchain values of transparency, traceability and accountability.
Wisekey’s PKI solution complements any Blockchain platform out there. Not only can it assist in developing a better trust model useful within a distributed system, it can also create a universal Trust Protocol for internet 2.0.
The main objectives of the Geneva Blockchain Center of excellence are as follows;
- Assist blockchain startups and research centers to promote their technologies globally
- Assist rapid adaption of Block-chain based solutions
- Foster strong bonds and collaboration between private, public and academic sectors inorder to ensure latest technological and economic standards are made available in a safe and secure way
The Geneva Blockchain Center of Excellence will work with other centers and Blockchain ecosystems around the world which will see all partners reap from shared experiences and resources. Each Blockchain center of excellence is expected to develop and build on its own expertise which will be shared among all centers. For instance; the Geneva center will focus on Fintech, particularly private banking and commodity trading applications, which will benefit all centers. The Buenos Aires center will on the other hand focus on the development of particular applications and platforms that will fight corruption, illicit trade, and counterfeiting.
One of the most notable ongoing projects for the Geneva center is the security token offering (STO) of Wisecoin AG. This is a special purpose vehicle created by Wisekey for building infrastructure to facilitate intra-object interactions for which Wisekey received a “non-Action Letter” from the Swiss financial market supervisory Authority (FINMA).
One of WiseCoin’s most significant milestones will be the establishment of a Blockchain of identity, which will offer connected objects the ability to identify, authenticate and verify each other with a digital certificate.
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