Blockchain Valley Ventures aligns with WISeKey, to usher the Initial Coin Offering of WISeCoin. 9240
Crypto
Team BCFocus
May 14, 2018 at 8:29 PM

Blockchain Valley Ventures (BVV), a new accelerator and venture capital firm offering investment, financing, and advisory services for blockchain-enabled businesses, is now all set to align with WISeKey for the Initial Coin Offering of its cryptocurrency WISeCoin.

Blockchain Valley Ventures is based in Switzerland’s Crypto Valley in Zug, the firm boasts Heinrich Zetlmayer, former Vice President and Country Leader of IBM Global Business Services in Switzerland; Oliver Bussmann, former UBS and SAP Group CIO; and Lykke Corp. as Partners.

The firm has been set to focus on investments in, and the incubation and development of, business ventures in a varied number of industries that are utilizing blockchain technology, to facilitate growth and innovation.

And, WISeKey is a prominent global cybersecurity company based in Switzerland. It’s currently administering large scale digital identity ecosystems with a patented process. WISeKey's Swiss based cryptographic Root of Trust ("RoT") provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence.

WiseKey will soon be rolling out their own cryptocurrency, the WISeCoin, before the end of 2018.

Also, the WISeCoin IoT CryptoCurrency Smart Payment technology has promised to transform the way objects conduct financial transactions(IoT), since WISeCoin is secured by WiseKey semiconductors and it offers the connected objects the ability to initiate, establish and complete financial transactions for every-day requirements.

WISeKey has already tested the technology on cars, allowing these cars to pay for electricity, gas and parking through the integration of WISeCoin crypto wallets at the Secure Element Chip level.

WIseKey essentially aims to allow smooth cryptocurrency enabled transactions for IoT connections, with WISeCoin, equipped with highly secured solutions such as biometrics-driven hardware wallets, integrated exchange platforms, MicroChips Blockchain enabled semiconductors, and NFC-based contactless payment solutions.

The IoT connections can be run by cryptocurrency with the highly secure industrial standard security features that has been offered by WISeKey, namely, such as the VaultIC405S and VaultIC184, also WISeKey's security module complements the WISeKey offer and is a perfect solution for companies providing multi-network IoT solutions requiring the timely security coverage on all their networks to perform cryptocurrency payments between connected objects.

WISeKey is aptly designed as an eco-friendly technology which enables low power consumption. The hardware interface combines efficient microcontrollers to so called crypto-accelerators, while the software interface connects this combination to the web, mobile phones, reader systems and radio frequency systems like NFC, Bluetooth, ZigBee and low power wide area networks.

While WISeKey Blockchain technology has already ventured into revolutionizing various businesses around the world, hence it’s only fitting that the Blockchain Valley Ventures (BVV), a new venture capital firm is set to fund the Initial Coin Offering of WISeKey’s cryptocurrency, the WISeCoin.

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