WISeCoin Raises an Initial $7 Million on a pre-STO Round of Investment and Convertible Debt - Seite 2

WISeCoin Specifications

WISeCoin AG was established in August 2018 to secure the Blockchain and Internet of Things (IoT) world, which due to its continuously increasing size and complexity, is vulnerable to cyber threats. It manages all Blockchain initiatives and operations of WISeKey to pave the way for the daily use of 4th Industrial Revolution technologies. WISeCoin AG benefits from the WISeKey architecture as the first and only vertically integrated platform combining proprietary cybersecurity software and secure microcontrollers designed to protect connected devices against evolving cyber threats.

One of WISeCoin's key milestone is to build a Blockchain of Identity to store the identities of objects and people allowing connected objects the ability to identify, authenticate and verify each other with a digital certificate. For each interaction, the Blockchain of Identity will verify the validity of each digital certificate to secure the interaction and to compensate for the use of the platform, a micro service fee is charged through a utility token, called the WISeCoin token. To complete the offer, each connected object is equipped with WISeKey's Secure Element consisting of a tamper proof silicon chip, called VaultIC184.

WISeCoin is a subsidiary of WISeKey. WISeKey created the WISeCoin platform to further pursue their Blockchain identity strategy. Speaking on the decision to host an STO, WISeKey CEO, Carlos Moreira, discussed how his platform utilizes a wide-range of "Blockchain enabled microchips" to provide clients with a customizable identification system. He also touched on the importance of increasing your digital identification procedures to adapt to the "evolving device landscape."

WISeCoin seeks to revolutionize the world of digital identification via the integration of IoT, blockchain, and AI. The concept is anything but simple. WISeCoin integrates a host of proprietary technology to seamlessly merge these sectors. Here's how the system functions.

"WISeCoin's Blockchain of Identity

Blockchain identification systems are nothing new to the sector. The ability to verify, authenticate, and securely manage digital identities via the Blockchain continues to drive more firms into this business model. What makes WISeCoin different is their approach to the problem.

WISeCoin leverages the immutable nature of Blockchain technology by pairing it with the Internet of Things (IoT). The IoT is the network of billions of smart devices currently entering the market. These items are able to monitor and communicate with each other.