WISeKey Welcomes Confederation’s Decision to Establish the “Swiss Government Cloud” by 2026
WISeKey International Holding AG - American Depositary Shares (WKEY)
Company Research
Source: GlobeNewswire
WISeKey is at the forefront of leveraging Switzerland as a central hub for data storage, including utilizing mountain facilities to store cryptographic root keys (https://lnkd.in/eJEmFn96). Geneva, Switzerland – May 28, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, operating as a holding company, today welcomes the Confederation’s decision to establish the “Swiss Government Cloud,” as announced by the Federal Council on May 22, 2024. The independent digital cloud infrastructure is expected to have a total cost of approximately 319.4 million Francs, aims to drive forward the digital transformation of the federal government in Switzerland. The system which will be ready for use by early 2026, will also be available to local governmental offices: cantons, cities, and municipalities. In 2023, digital sovereignty was identified as one of the three
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