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BitBox SIGNED

BitBox Enterprise - Enterprise-grade Solution for Digital Assets Custody

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

damage bitbox firms holding crypto provides first highest investors security hold solutions 750 storage mission signature university engine alone clients realizing services cryptosecurity adoption vault assets spinoff signing hot commercialization behalf crime attacks damages rules profits hsm combination individuals automatically tackling enterprises enterprise theft thanks wallet acts exemplary solution invested vehicles 2016 causes hardware uuml z billion 1 roi trusted version cyber 5th cryptographic generate misuse consists investment network 16k fast 18 founded countries keys cold certain arrive irreversible options million secure 32 institutional 2015 team blockchain shift storing eth customers private specialists cryptocurrency resellers option engineering critical software vulnerabilities 11 inevitably digital financial risk

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 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.	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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