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Blockchain trust protocol launched to connect Beijing, Geneva and Toronto

The cities will serve as interconnected hubs for blockchain centres of excellence around the world and operate under a common trust protocol.

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Geneva is one of the cities in the so-called trust triangle
Geneva is one of the cities in the so-called trust triangle

WISeKey has announced the formation of the Trust Protocol Association and a new trust protocol initiative connecting the cities of Toronto, Beijing and Geneva as a “trust triangle”.

 

The global cybersecurity and IoT company is presenting the new protocol at the Geneva Blockchain Congress. It is also providing a progress report on its partnership with the Blockchain Research Institute (BRI).

 

Trust triangle

 

BRI and WISeKey previously signed an agreement to create a network of blockchain centres of excellence around the world. The centres will be interconnected via the three hubs in Geneva, Toronto and Beijing, with the trust triangle operating under a common protocol using WISeKey’s PKI blockchain technology.

 

WISeKey is also officially launching the Trust Protocol Association, an independent not-for-profit membership organisation. It will develop a new trust protocol for the internet combining traditional cryptographic trust models with distributed blockchain ledgers, creating a new global trust platform. It will be headquartered in Geneva.

 

The rationale is to put together an ecosystem of governmental, technology and business partners, each representing a node with the possibility to have multiple nodes per country.

 

WISeKey claims its implemented and integrated PKI solution is complementary to any blockchain platform, where it can assist with developing a better trust model for use within a distributed system and create a universal trust protocol for the ’internet 2.0’.

 

“The blockchain centres of excellence can help overcome the dangerous trust deficiency facing our economies and societies.”

 

“The blockchain centres of excellence can help overcome the dangerous trust deficiency facing our economies and societies,” said Carlos Moreira, CEO of WISeKey.

 

“In coordination with the centres, the Trust Protocol Association will foster stronger collaboration between the public, private and academic sectors for the adoption of latest deeptech standards in a safe and trusted manner.”

 

The initiative seeks to promote the effective use of blockchain technologies internationally, facilitate the rapid adaptation and on-boarding of blockchain-based solutions, foster stronger collaboration between the public, private and academic sectors and cooperate to ensure that the latest technological standards are made available in a safe and trusted manner.

 

WISeKey expects the blockchain centres of excellence to help companies and governments with prototyping use cases and IP creation on blockchain technology and platforms.

 

They will also become a channel to engage companies and governments globally in the work of BRI, as well as serve as a distribution channel for BRI’s research.

 

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