DAVOS, SWITZERLAND - WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), a cybersecurity and IoT company, announced a collaboration with The Hashgraph Association (THA) to tokenize art assets and equity shares of its subsidiary WISe.Art AG. The announcement was made during the Davos 2024 event.
The WISe.Art Marketplace, which is the focal point of this initiative, aims to transform the art buying and selling process by introducing transparency, security, authenticity, and fractional ownership. WISeKey's 25 years of experience in cybersecurity and cryptography are expected to ensure a reliable and secure experience for artists, collectors, and enthusiasts.
Carlos Moreira, CEO of WISeKey, stated, "Tokenizing art assets and WISe.Art through our WISe.Art Platform marks a significant milestone in our technological evolution." He emphasized the importance of the partnership with THA in advancing secure and innovative solutions for the art industry.
Kamal Yousefi, President of THA, expressed his excitement about the collaboration, highlighting the role of Hedera's consensus algorithm in securing WISeKey's authentication platform.
The initiative indicates a strategic move towards enhancing the security and trust in the authentication of physical objects. The collaboration invites industry leaders and the global community to join in shaping the future of authenticity.
WISeKey operates through several subsidiaries, each focusing on specific technology aspects, including semiconductors, secure communication for IoT applications, and blockchain NFTs for secure transactions. The company has a significant presence in the IoT sector, with over 1.6 billion microchips deployed.
The Hashgraph Association supports the adoption of Hedera-powered solutions and decentralized applications, funding innovation and research globally.
The collaboration between WISeKey and THA is based on a press release statement.
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