Photo - TRUSTLESS.AI
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TRUSTLESS.AI

Freedom and peace of mind for your private digital life

Switzerland
Market: Internet and IT, Financial services, Electronics
Stage of the project: Prototype or product is ready

Date of last change: 15.07.2022
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Idea

We are building a new certification body and a 2mm-thin mobile device - embedded in the back of a top-end 6mm-thin Android smartphone - to far outcompete even iPhone Lockdown Mode in security.

Current Status

We signed PoC partnerships with 3 Geneva-based asset managers. We engaged with dozen of Group-C/H levels execs in 3 of the top 5 Swiss private banks. Top bank executives & experts spoke and sponsored our conferences on our new cybersecurity certifications. We have built a consortium under Swiss Law of critical supply-chain partners down to the chip foundry, SoC/CPU, OS, industry associations, and 2 nations states around 3 EU R&D initiatives. Produced over 350 pages of architecture, supply-chain, academic papers for the Seevik Pod and the Trustless Computing Certification Body. We completed the Hardware.co Pre-accelerator, in Berlin. We built an initial engineering pre-prototype, now being revised with a new Risc-V CPU and microOS with new partners. We completed Fintech Fusion Accelerator, in Geneva, with three family office partners, a proof-of-concept device of the Seevik Wallet in its future version as a Seevik Phone, that simulates in high fidelity the physical and digital user experience.

Problem or Opportunity

There are 16 million high net-worth individuals in the World, accruing $53 trillion in wealth. While the number of family offices has increased “ten-fold since 2008 and now stands at around 10,000”, accruin $9 trillion in wealth. Yet, according to recent polls, by UBS and by Northern Trust, cybersecurity is the 1st and 2nd greatest concern for family offices and for high net-worth individuals. Cybercrime cost has grown to a staggering $2 trillion annually, most of it unreported and unnoticed. Yet, no matter how much they are willing to spend - except for niche use cases and special proximity to top security agencies - they still can’t buy any device less insecure than a secured iPhone, which is hackable undetectably by hundreds of high-level hackers and those renting their capabilities. Meanwhile, most of them are misled by security agencies’ public statements to wildly overestimate the confidentiality of current devices and of secure messaging apps, which cannot be more secure as the device they run on.
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