WISeKey, a Switzerland-based blockchain and cybersecurity company, has announced the opening of a Blockchain Center of Excellence in Geneva. The center is aimed at conducting research and development of blockchain technology.

The company has stated that the Center will lend a helping hand to blockchain startups. It is also intended to promote exploration and adoption of the technology in both public and private sectors.

As reported by CoinTelegraph, the initiative is a part of the collaboration of the company with the Blockchain Research Institute, which has plans to open up blockchain centers in the US, China, India, and Africa as well. All the centers will focus on different areas such as the Geneva Center will work in Fintech area while the Buenos Aires center in Argentina will focus on tackling counterfeit issues.