Cybersecurity company WISeCoin announces STO

Friday 15 February 2019 00:07 CET | News

WISeCoin has announced its plans to host an STO in Q2 2019, following the receival of a ‘no-Action Letter’ from the Swiss Financial Supervisory Authority (FINMA).

Sweden-based cybersecurity company WISeCoin is a subsidiary of WISeKey, which was created to further pursue their blockchain identity strategy. The decision to host an STO came after WISeKey’s representatives discussed how the platform utilises a wide-range of ‘blockchain enabled microchips’ to provide clients with a customisable identification system, and how to revolutionise the world of digital identification via the integration of IoT, blockchain, and AI.

As such, WISeCoin developers decided to leverage the immutable nature of blockchain technology by pairing it with the Internet of Things (IoT), which is the network of smart devices currently entering the market, and that are able to monitor and communicate with each other.

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Keywords: blockchain, identity, WISeCoin, STO, Sweden, cybersecurity, Token, IOT, AI, digital identification
Countries: World