• Thu, 22 Aug 2019, 09:50 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

WISeKey to open Blockchain Center of Excellence in Saudi Arabia

Tue, 23 Apr 2019, 07:30 am UTC

Swiss cybersecurity, blockchain and IoT company WISeKey has announced a new Blockchain Center of Excellence in Saudi Arabia and a joint venture with Saudi Advanced Technologies (SAT), a wholly owned company of E.A Juffali & Brothers.

The announcement follows the setting up of Geneva Blockchain Center of Excellence in February, which was launched as part of the partnership between WISeKey and Blockchain Research Institute (BRI) formed earlier this year.

The blockchain center in Saudi Arabia will be operated by WISeKey Arabia – the joint venture between WISeKey and SAT. It will be connected to a network of Blockchain Centers of Excellence in India, Canada, China, Buenos Aires, Malaysia, Mauritius and Rwanda. Each center is expected to develop particular expertise that can be shared among all centers.

The agreement also foresees the creation of additional centers in the MEA region, including two in Saudi Arabia.

All these centers will be interconnected via 3 Hubs: Geneva, Toronto and Beijing, a Trust Triangle operating under a Common Trust Protocol, using WISeKey’s Public Key Infrastructure (PKI) hardened blockchain technology, bringing trust and security, while maintaining the core blockchain values of transparency, auditability, and traceability.

WISeKey said that through its strategic partnership with SAT, it will deploy its cybersecurity, blockchain, and IoT market in Saudi Arabia and in other high growth economies in the Middle East. This, in turn, will enable it to expand its presence and offerings to local organizations.

"The joint venture will deliver an end-to-end solution to the Juffali ecosystem of companies across the country. I am very much looking forward to collaborating with Khaled Juffali, the Chairman of E.A. Juffali & Brothers, and I am confident that we will continue to experience significant technological accomplishments in the region,” Carlos Moreira, Founder and CEO of WISeKey International Holding, said.

WISeKey and SAT are currently developing a Root of Trust (RoT) and a PKI in the Kingdom of Saudi Arabia, including a globally trusted Certification Authority within a security strategy framework. PKI provides the necessary security (encrypted and digital signatures) for electronic transactions.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,015.90 (-1.69%)
  • Ethereum (ETH) $186.79 (-0.73%)
  • XRP (XRP) $0.264600 (-0.30%)
  • Bitcoin Cash (BCH) $297.99 (-0.72%)
  • Litecoin (LTC) $72.86 (+0.78%)
  • Bitcoin (BTC) $10,015.90 (-1.69%)
Aug 22, 2019 (Thursday)
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Travelport, IBM, BCD Travel to develop blockchain solution for hotel commissions
Trade.io ends relationship with Forbes CryptoMarkets portal
Winklevoss twins-owned crypto exchange Gemini expands to Australia
South Korea’s Woori Financial to develop blockchain-based financial services with Ground X
Crypto Technicals: Bitcoin Gold hits 5-month lows below $13, momentum studies bearish
Digital securities platform Securitize becomes SEC-registered transfer agent
Indian Supreme Court grills RBI for cryptocurrency banking ban
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
Korean crypto exchange Prixbit shuts down over financial crisis
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
Austrian telecom giant A1 to offer cryptocurrency payment option
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.