WISeKey International Holding Ltd (“WISeKey”, NASDAQ: WKEY, SIX: WIHN), a leading cybersecurity and IoT company, and Wecan Group, a Geneva based blockchain venture builder, announced a strategic partnership to join forces and resources in supporting several key blockchain related projects.
Wecan joins the Geneva Blockchain Center of Excellence
The Wecan Group will be joining the Geneva Blockchain Center of Excellence established by WISeKey in early 2019. The business model of the Geneva Blockchain Center of Excellence is to assist blockchain startups and research to promote their technologies internationally, facilitate the rapid adaptation and on-boarding of blockchain-based solutions, foster stronger collaboration between the public, private and academic sectors and cooperate to ensure that the latest technological standards are made available in a safe and trusted manner.
By making the most of the knowledge sharing, and available experiences & resources, the partnership will contribute to foster and accelerated adoption of blockchain technologies and increase the positive impact these technologies can have on businesses and institutions.
The Blockchain Center of Excellence is enabled by the OISTE/WISeKey’s neutral cryptographic Root Key and trust model. OISTE foundation has partnered with international organizations, corporations and governments worldwide and its root certification and digital identities are recognized by leading Operating Systems and Internet Applications and integrates innovative blockchain technologies to distribute the identity attributes and build federated ecosystems. The purpose of the OISTE Trust Protocol is to establish a new Trust Protocol for the Internet combining traditional Cryptographic Trust Models with distributed blockchain ledgers creating a new Global Trust platform.
The mission of the Association is to create an ecosystem of governmental, technology and business partners, each representing a node with the possibility to have multiple nodes per country.
Carlos Moreno, WISeKey’s VP Corporate Alliances and Partnership noted: “We are excited about this partnership and proud to onboard WeCan Group as technological partner of the Blockchain Center Of Excellence to engage promoting best in class blockchain applications and platforms developed by WeCan secured by WISeKey, our trusted identities would be a critical factor when creating chronological, immutable records and where Know Your Customer (“KYC”) verification process plays an important role in the architecture of the solutions. Combining the virtues of the Blockchain Application/Platform with WISeKey Digital Certificates can help customers guarantee the security and integrity of all transactions.”
Promoting common synergies and ambition
The objective of the WISeKey – Wecan Group partnership is to create synergies for the development of innovative solutions, by bringing their expertise on their respective technological layers.
Dr Vincent Pignon, CEO of Wecan Group concludes: “Wisekey has many assets in security and our venture builder strategy allows us to focus on the development of our joint ventures while pooling all support functions, but also strategic partnerships. Whether for identity or qualified signature, many applications are likely to benefit from this partnership.”
Wecan Group, through its two joint ventures, Wecan Tokenize (an asset tokenization platform) and Wecan Accelerate (a Libra acceleration program) empowers companies to grow with blockchain, provides capital and operational support to the companies that it partners with, and helps them establish defensible market-leading positions internationally.
In addition, Wecan Group’s two new joint ventures – Wecan Comply (a resource pooling platform for financial institutions) and Wecan Protect (a proof of ownership platform), are also expected to greatly benefit from this collaboration. These two new joint ventures, together with several milestones of the Wisekey /BRI Blockchain Center of Excellence, will be presented to the public during the Geneva Annual Blockchain Congress Palexpo, to be held on January 20, 2020.
Wecan Comply enables banks and financial players to simplify compliance management by pooling resources, creating recognized standards and facilitating auditing and monitoring by regulators and is designed to increase compliance efficiencies.
Wecan Protect which will be introduced and coordinated by Philippe Lucet, an intellectual property specialist, aims to facilitate the registration and protection of intellectual property of intangible assets worldwide.