Switzerland-based Cybersecurity Firm Starts Blockchain Center in Geneva

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As per an announcement on 1st Feb., Swiss blockchain and cybersecurity firm WISeKey has opened a blockchain Center of Excellence in Geneva.

WISeKey focus on secure verification and identification using a cryptographic tool called Root of Trust. The company is increasingly consolidating Internet of Things (IoT) and blockchain tech into its operations and portfolio.

The Geneva Blockchain Center of Excellence will reportedly assist blockchain-related startups in addition to researching and promoting new technology. It will further plan to expedite the adoption of blockchain in the private and public sectors.

Opening the center is part of a new collaboration with the Blockchain research Institute (BRI), which intend to open up more centers in India, China, Latest America, United States, and Africa.

The global blockchain center aims to coordinate with academia, business, and other centers and to share best practices and resources. Each center will reportedly develop its area of expertise. Geneva will focus on fintech while the center in Buenos Aires, Argentina will specialize in anti-counterfeiting platforms.

A week ago, WISeKey announced the opening of its Global Blockchain Center in Malaysia as part of a collaboration with a subsidiary of Malaysian tech investment holding Censof. Censof board director Mr. Ameer bin Shaik Mydin stated, “The potential benefits of blockchain will help drive efficiencies for our customers.”

On 23. Jan, WISeKey declared a blockchain-based identity collaboration with the non-profit Race for Water Foundation, which plans to reduce ocean pollution using blockchain.

WISeKey will build a digital identity stored on its blockchain for every plastic product made by participating companies. The products will then be associated with a secure form-factor on the product using microchips and QR codes. Recycling efforts for each product will be recorded and tracked on a blockchain.