Swiss cybersecurity and IoT solutions firm WISeKey International has introduced a blockchain platform – World Internet Secure Coin (WISeCoin).

WISeCoin enables countries to launch their own cryptocurrencies combining national identities with crypto wallets.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

These blockchain-enabled cryptocurrencies can enable financial transactions that offer multiple advantages, including faster processing, improved security, and reduced transaction costs.

“WISeCoin aims at becoming an emerging powerhouse in the global cryptocurrency market by supporting the development of economies built on blockchain technology,” the company said in its press note.

WISeCoin is supplemented with secured solutions such as biometrics-driven hardware wallets, integrated exchange platforms, microchips blockchain enabled semiconductors, and NFC-based contactless payment solutions.

WISeKey CEO Carlos Moreira said: “Rapid advancements in digital technologies have started to transform the global financial landscape. Government-regulated cryptocurrencies enabled with a proper level of security, governance and digital identity are required to realize the true potential of digital currencies.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

WISeKey practice head Bikramaditya Singhal added: “The WISeCoin offering will be tested during the next 6 months on selected countries using WISeKey Blockchain technology, and will be gradually offered to citizens.”

The firm is currently working with several governments to enhance their existing cooperation on identity management, vehicle and land registration, lifecycle management, and to develop their own cryptocurrencies using blockchain technology.