WISeKey’s WISe.Art and
the China Museum of
Finance extended their cooperation by creating the
"MetaFi Museum," which is
not only a digital museum, but also a physical museum
The Jiaozi NFT was
created by international renowned artist Pedro
Sandoval and Minted on WISe.ART
The inaugural launch
will auction on WISe.ART a historical NFT of the world’s
first paper money created in China in 1024. The Jiaozi NFT is the
digital twin of the world’s first government-issued paper currency
featuring elements of modern paper money for circulation management
and reserve payment.
Geneva, Hong Kong: July 6, 2022 – WISeKey International Holding
(“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a Swiss global cybersecurity,
AI, Blockchain, and IoT company today announced that it has
extended its cooperation with The China Museum of Finance by
creating the "MetaFi Museum," which is not only a digital museum,
but also a physical museum.
For the Inaugural launch of this cooperation, the WISe.ART
platform will auction a historical NFT of the world’s first paper
money created in China in 1024.
https://finance.yahoo.com/news/wisekey-wise-art-china-museum-121900708.html
The Jiaozi NFT is the digital twin of the world’s first
government-issued paper currency featuring elements of modern paper
money for circulation management and reserve payment. The paper
currency was issued on January 12, 1024, in Chengdu, Sichuan, China
by the Jiaozi Affairs, the earliest central bank. The bank operated
for more than 400 years. It would be almost 200 years later that
Marco Polo introduced the concept of paper money to Europe, and 250
years more before Sweden issued modern paper money in 1661.The
China Museum of Finance is also preparing an NFT in cooperation
with WISe.ART, the Gong silver dollar, minted by the Red Army in
1928. In particular, the unique historical significance of this
silver dollar: the communist movement began in Europe and was
always involved in the creation of the financial system.
From the Paris Commune (1851), the First International (1864),
the Second International (1889), the Third International (1919) to
the former Soviet Union (1922), all the financial systems
established by the communist regimes failed, but the revolutionary
financial system established by the Communist Party of China, from
the Jinggangshan, a remote mountain village (1928), has
successfully grown and influenced the global financial system to
this day. This silver coin is the prototype of the modern China
currency and is worth collecting.
China’s creation of paper money drew upon two of their other
well-known inventions – papermaking and printing. Today, paper
money is a core instrument of the global and national financial
systems. Cryptocurrencies and NFT are also innovative developments
in the history of 1,000 banknotes.
The China Museum of Finance has been promoting the spread of
cross-border communication in China and the global financial
industry, setting up Jiaozi exhibition halls and Jiaozi monuments
in Chengdu, holding Jiaozi forums, and promoting applications for
non-material cultural heritage.
The WISe.ART NFT platform is secured by WISeKey’s various
security technologies enabling the authentication of digital
identity based NFTs, physical objects as well as digital assets, in
a safe end-to-end process. The user is in full control of its
WISeID NFT and other NFTs need to request access to its identity
information so WISeID NFTs users can decide by themselves what
level of information they wish to share, thus keeping full control.
The WISeKey approach to the Metaverse has as objective to provide
safe infrastructure identity services based on blockchain
technologies for a wide range of users, including individuals,
corporations, and government institutions.
As our digital lives become increasingly digitalized, Metaverse
will leverage the advantages of the internet to establish a virtual
world for its users. Businesses and communities will depend on
users’ digital identities to manage assets. As interest in NFTs
continues to accelerate, WISeKey is committed to promoting a more
environmentally friendly consumption and distribution model.
About the China Museum of FinanceThe
China Museum of Finance was registered in 2009 in Hong Kong, a
consulting and management firm to promoting financial literacy and
education in Asia. Working with several local government and
financial institutions, it has helped creating and running over 11
financial museums in mainland China and Hong Kong, including the
Tianjin Museum of Finance (2010), located on the site of the former
French Club, a century-old European building, in Tianjin. Exhibits
in the 2,400 sq. m. main hall included handwritten manuscripts by
acknowledged father and founder of contemporary economics Adam
Smith, Thomas Edison’s first light bulb, documents relating to the
establishment of the Shanghai Stock Exchange, including directives
from former premier Zhu Rongji, bonus stocks from the “cultural
revolution” period, over 200 currencies from various historical
epochs in China and overseas, financial bills, and financial
artifacts. Many distinguished guests were present at the museum’s
opening ceremony, and well-known Chinese financial celebrities. The
success of this venture inspired Mr. Wang Wei to carry on in this
vein. He has since built nine more financial museums within the
past decade in Beijing, Shanghai, Chongqing, Suzhou, Ningbo,
Shengyang, Chengdu, Zhengzhou and Jinggangshan.
The first known examples of paper currency as we would
understand it today were created in China during the Song Dynasty
(AD 960–1279). Promissory notes known as “Jiaozi”
were printed by a group of merchants in Sichuan during the reign of
Emperor Zhenzong (AD 997–1022).
“Paper money was the first form of Chinese printing met with by
European travelers, was independently discussed by at least eight
pre-Renaissance European writers, and so far as is known, is the
only form of Chinese printing described in European writings of
pre-Gutenberg days. Marco Polo’s description is the most detailed”
(Carter, op. cit., 109).
WISeKey’s strategy in China is to integrate the combined
technology stack for making WISe.ART available as a platform to
build white-label marketplaces for different luxury collectibles
and artwork. Part of this technology stack is the storage of the
digital twins created as NFTs on the blockchain to enable the
trading of these NFTs. To ensure KYC that still allows anonymity
and the necessary exclusivity, all marketplaces created under the
WISe.ART platform will allow the trading of NFTs.Mr. Wang Wei has
been a member of Shanghai Stock Exchange Corporate Governance
Advisory Committee since 2007. He founded the China Museum of
Finance in 2009, an organization that currently runs 11 museums
across China. He was founding Chairman of China Mergers
& Acquisitions Association which has over 200 financial
institutional directors and 6000 dealmakers manmber crosss boarder.
He was also founding Chairman of Asia Mergers & Acquisitions
Association (AMAA) and Co-chairman of International Federation of
Finance Museums (IFFM) in November 2015. In January 2017, he became
a director of the Board of the Global Blockchain Business Council
(GBBC), founded by 25 countries.
Carlos Moreira, Chairman and CEO of WISeKey, commented, “We
are delighted to join forces with the China Museum of Finance and
Wang Wei. We look forward to working closely with him and
benefit from his expertise as we expand our operations in China and
among the NFT Metaverse community. WISeKey’s offering will allow
brands, artists, fans, curators, owners, potential customers and
liquidity providers investing in digital assets, to interact and
grow on a secure, digital and scalable platform, thoroughly trace
provenance, diminish counterfeiting on the digital sphere and
integrate physical chip technology into real objects. Hence,
WISeKey provides highly secure integration of the physical objects
and their digital twins coined in NFTs. WISeKey is following a
multichain strategy for its WISe.ART platform through a partnership
with leading Chinese blockchain companies.”
Wang Wei added, “I am excited to work with a highly respected
group of experts in the NFT. As WISeKey is currently
expanding its footprint to China, I am looking forward to assisting
the team by bringing my knowledge and expertise in the Asian
markets.”
About WISe.ART: WISe.ART is a
fully-fledged marketplace. It can connect all actors of the arts
industry. Our white-labeling options and special NFT designs ensure
that besides an authenticated and signed version of the actual
digital asset, creating an irreversible link to the physical
object, providing proof of ownership, provenance, and a set of
smart contracts describing future use and monetization streams.The
WISe.ART NFT platform is fully secured by WISeKey’s innovative
security technologies enabling the authentication of digital
assets, in a safe end-to-end process based on our experience and
proven expertise in this domain.
About WISeKey:WISeKey (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.6 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely
positioned to be at the edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analysed with Artificial
Intelligence (AI), can help industrial applications to predict the
failure of their equipment before it happens.
Our technology is Trusted by the OISTE/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. The
WISeKey RoT serves as a common trust anchor to ensure the integrity
of online transactions among objects and between objects and
people.
For more information,
visit www.wisekey.com.
Press and investor contacts:
WISeKey
International Holding Ltd Company Contact:
Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US) Contact: Lena CatiThe
Equity Group Inc.Tel: +1 212
836-9611lcati@equityny.com |
Disclaimer:This communication expressly or
implicitly contains certain forward-looking statements concerning
WISeKey International Holding Ltd and its business. Such statements
involve certain known and unknown risks, uncertainties and other
factors, which could cause the actual results, financial condition,
performance or achievements of WISeKey International Holding Ltd to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.This press release does not
constitute an offer to sell, or a solicitation of an offer to buy,
any securities, and it does not constitute an offering prospectus
within the meaning of the Swiss Financial Services Act (“FinSA”),
the FInSa’s predecessor legislation or advertising within the
meaning of the FInSA, or within the meaning of any other securities
regulation. Investors must rely on their own evaluation of WISeKey
and its securities, including the merits and risks involved.
Nothing contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
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