WISeKey Signs Agreement With Universa Blockchain To Join The La Linea, Gibraltar 4th Industrial Revolution Center Of Excellence
WISeKey Signs Agreement with Universa Blockchain to join the La Linea, Gibraltar 4th Industrial Revolution Center of Excellence
WISeKey International Holding Ltd a leading global cybersecurity, AI, Blockchain and IoT company, announces the signing of a strategic partnership with Universa Blockchain.
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The agreement includes deep cooperation at the La Linea Gibraltar 4th Industrial Revolution Center of Excellence (LLG 4IR).
It was created following the signing of two Memoranda of Understanding (MoUs) with Mr. Fabian Picardo, Chief Minister of Gibraltar and the Mayor of La Línea de la Concepción, Mr. Juan Franco, to spearhead innovation in the region.
The parties will unite joint efforts in the breakthrough directions of Advanced Air Mobility (AAM), Energy sector, Central Bank Digital Currency (CBDC), Non-fungible tokens (NFT) and Metaverses that Morgan Stanley predicts an $8 trillion opportunity.
The partnership also thrives the ecosystem of cities of the Future: National Blockchain, Digital Passports, Smart City Management, Digital coupons and instant verification of documents based on QR codes, Tokenization and Digital Commodity.
According to research from Markets and Markets, the global Internet of Things (IoT) in smart cities market size is projected to hit $350 billion by 2026.
Alexander Borodich, CEO of Universa Blockchain stated: “There should be a digital hub of expertise for the whole world. It is a great honor for us to stand next to partners who look to the future. We plan to implement the best blockchain solutions focused on air mobility and digital assets that will set the basis for the flourishing of the LLG 4IR center.”
The fourth industrial revolution is a way of breaking down the boundaries between the physical and digital worlds.
It is a fusion of advances in artificial intelligence (AI), blockchain, robotics, the Internet of Things (IoT), genetic engineering, quantum computing and other technologies.
The Industrial Revolution Center of Excellence started its operations with the successful launch of WISeSAT Fossa Systems satellites aboard SpaceX transporter rideshare 3 mission last week.
It will be managed from the ground by the recently installed control station based in La Linea de la Concepcion, Spain.
The business model of the joint 4IR Center of Excellence is to assist innovative start-ups in areas such as AI, Blockchain, IoT, Satellite, IoT, Drones, Cybersecurity and Quantum to perform collective R&D activities, promote their technologies internationally, facilitate the rapid adaptation and on-boarding of 4IR-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.
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