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WISeKey invests in Crypto Valley

The cybersecurity, blockchain and Internet of Things (IoT) company WISeKey announced its intention to establish an IoT and blockchain center of excellence in Zug.

Hand holding tablet and white connection atom on the city view. IPTC Description Fintech technology , internet of things and Blockch
The Swiss Canton of Zug has become known as Crypto Valley.

The Canton of Zug is a region of Switzerland that is gradually attracting major crypto technology players and has become known as Crypto Valley. Several major blockchain and bitcoin companies are located in Zug such as the Ethereum Foundation using the Swiss experience on fintech and cybersecurity.

WISekey is a Swiss listed company with headquarters in Zug and operational centers in St. Gallen and Geneva, connected to a network of centers and offices located in Taiwan, Argentina, USA, France, Germany, UK and Japan.

Trusted cybersecurity platform

WISeKey now aims to deploy a trusted blockchain as a service platform. The center will offer a platform to US based enterprises, facilitating the rapid adaptation of on-board blockchain based solutions and services.

Furthermore, the platform aims to tame the insecure IoT market by organizing itself into trusted networks based on mutual authentication, identity and integrity. This trusted cybersecurity platform will only enable IoT devices that provide a recognized identity and a valid integrity report to communicate with peer devices that are part of the trusted community.

WISekey will be cooperating with Zug’s startup enterprises, fintech incubation firms, and governmental authorities all working on DeepTech technologies, on building points of view, proof of concepts, policies or educational materials.

For more information on Switzerland as a business location, download our Handbook for Investors.

Source: www.startupticker.ch (press release WISekey)

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