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Swisstronik (SWTR)

Last updated: Apr 26, 2024

Swisstronik is a layer-1 solution designed to build scalable decentralized applications that ensure users’ data protection and privacy, while remaining in compliance with local regulations.

Seed Round: $5M

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Overview

Project industry	Blockchain Infrastructure
Product type	Ecosystem
Founded	Swaziland
Whitepaper	Open

What is Swisstronik

Swisstronik is the first platform that lets anyone build compliant yet private dApps with minimum coding and zero legal expertize.

Thanks to an unprecedented combination of 2 functionalities:

First of its kind Swisstronik Compliance Suite gathers international regulators, KYC issuers and other legal service providers in a self-regulating network - kind of like a DAO. Together, they adapt the Swisstronik system to local regulations in real-time and consult the builders on internal compliance matters. This way, Apps built with Swisstronik become inherently compliant - even as regulations evolve.
Combination of software and hardware privacy tech: ZK-SNARKs and Intel SGX On Swisstronik blockchain, KYC, AML and other user verifications can be done on-chain in an ultra-private and secure manner. Thanks to the Swisstronik Digital Identities module that’s powered by ZK-SNARKs and Intel SGX, even validators don't have access to users data.

As a result, Web3 companies can become KYC, AML and DPR compliant with minimum costs by launching on Swisstronik or integrating one of its utilities in their Apps on other chains. And users can be sure their data stays private & secure even during identity checks.