WISeKey's WISe.Art and the China Museum of Finance announced during Art Basel their cooperation to auction a historical Jiaozi NFT of the world's first government-issued paper currency created in 1024
WISeKey’s WISe.Art and the China Museum of Finance announced during Art Basel their cooperation to auction a historical Jiaozi NFT of the world’s first government-issued paper currency created in 1024
Geneva, Hong Kong: June 17, 2022 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a Swiss global cybersecurity, AI, Blockchain, and IoT company, has joined forces with The China Museum of Finance to offer Trusted NFTs with the launch of WISe.ART NFT platform. The WISe.ART NFT Platform is an Ethereum scaling and infrastructure development and available with Ethereum-compatible blockchains. To launch this cooperation, the WISe.ART platform will auction 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. 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.
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.
About the design of Jiaozi NFT
About the China Museum of Finance
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 Beijing 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.”
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.
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