Integral Petroleum SA and WISeKey announced strategic partnership

This collaboration, enables financial institutions, corporations, regulators and local governments in the region to use cutting-edge technologies based on enterprise PKI and Blockchain solutions from WISeKey and its global network of Trusted Ecosystems of partners.

Along with its energy resources, economic, cultural and ethnic ties of the Caspian Region extend well into Eastern Europe and Asia, making it a real regional hub. Integral Petroleum, in collaboration with WISeKey envisage to create a gold-backed Caspian Coin, which will be rapidly followed by a Compliance Token and settlement for computing power provided on demand as a commodity.

"We are happy to collaborate with Integral Petroleum in developing PKI, IoT and Blockchain solutions for the Caspian Region. Our common goal is to create growth opportunities for start-up companies in the Caspian Region using algorithmically balanced ecosystem of trading and investment platforms," said Carlos Moreno, VP Corporate Alliances and Partnership of WISeKey.

"Integral Petroleum SA is implementing several digital projects, mostly connected to our core business of trading and logistics. We expect that the partnership with WISeKey, a well-established leader of digital innovations, will lead to a successful implementation of these projects," said Murat Seitnepesov, CEO of Integral Petroleum.