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BitBox SIGNED

BitBox Enterprise - Enterprise-grade Solution for Digital Assets Custody

Total Cost €

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EC-Contrib. €

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Partnership

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 BitBox project word cloud

Explore the words cloud of the BitBox project. It provides you a very rough idea of what is the project "BitBox" about.

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Project "BitBox" data sheet

The following table provides information about the project.

Coordinator
SHIFT DEVICES AG 

Organization address
address: HOFSTRASSE 41
city: BIRSFELDEN
postcode: 4127
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Switzerland [CH]
 Project website https://shiftcrypto.ch/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-03-01   to  2019-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SHIFT DEVICES AG CH (BIRSFELDEN) coordinator 50˙000.00

Map

 Project objective

Cyber-crime causes €750 billion damages in Europe every year while attacks are becoming increasingly complex. Blockchain technology is promising when it comes to tackling Cyber Risk but the use of blockchain technology does not automatically secure digital assets. The theft, loss or misuse of cryptographic private keys result in irreversible damage. SHIFT CRYPTOSECURITY was founded in 2015 as a spinoff of the ETH Zürich university. We are a fast-growing team of 18 specialists, whose in-depth knowledge of advanced crypto engineering is exemplary. Our mission is to provide HARDWARE crypto-security solutions to individuals and enterprises. We have three products: BitBox - hardware wallet that acts as a digital vault. It is the most secure option to hold cryptographic keys. This product is aimed at individuals who own cryptocurrency and are realizing the vulnerabilities of other wallet options. BitBox first version is already used by 16K customers in over 100 countries thanks to our current trusted resellers & partners network. BitBox Enterprise - A combination of hot (software) and cold (hardware) storage consists of HSM and a multi-signature signing rules engine. This solution is aimed at Institutional investors who need to address the critical problem of cryptographic keys management on behalf of their clients and for their own investment vehicles. In 2016 alone over $1 billion was invested in blockchain by financial services and technology firms. We are certain that large-scale adoption of hardware solutions for holding cryptographic keys will inevitably arrive, as it provides the highest level of security for storing digital assets. We expect to generate €32 Million in profits and ROI of 11.9 by the 5th year of commercialization.

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The information about "BITBOX" are provided by the European Opendata Portal: CORDIS opendata.

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