WISeKey’s Semiconductor NFC CapSeal Patented Technology Securely Connects High-End Wines and Liquors Brands to Their Digital Twin NFTs
August 04 2021 - 12:00PM
WISeKey’s Semiconductor
NFC CapSeal Patented
Technology Securely Connects
High-End Wines and Liquors Brands
to Their Digital
Twin NFTs
Geneva, Switzerland – August 4, 2021: WISeKey International
Holding Ltd (NASDAQ: WKEY; SIX: WIHN), a leading cyber security,
IoT, and AI platform company, today announced that its CapSeal NFC
smart tag with opening detection technology permits objects, such
as wine & spirits bottles, to create digital twins of their
exclusive wines and liquors, which are required to mint NFTs. The
combination of the physical product and its digital twin
significantly boost the authentication and value of the NFT
auctions. Various wine and liquors brands have recently become
interested in NFTs. The biggest name to get involved recently
was Yao Family Wines of Napa, a premium winery owned by
former NBA star Yao Ming, which auctioned a bottle of The Chop
Cabernet Sauvignon in April alongside a “limited-edition NFT”.
Other wineries from France to Georgia are using NFTs as novel
ways of marketing and promoting their wines. Flavien Darius
Pommier, who owns Chateau Darius in St Emilion, is
selling four NFTs for each vintage for around €100. For each NFT
you get a piece of artwork, the opportunity to store your wine, and
two physical bottles. This is all made possible by WISeKey’s
patent-pending CapSeal smart tags which are fully compatible with
NFC Data Exchange Format (NDEF) standard. These tags are based on
the company’s CapSeal VaultIC154 NFC secure element. When placed on
a bottle of spirit or a bottle of lubricant oil, for instance, and
tapped by an NFC phone, the chip is able to securely authenticate
and track the bottle like an ePassport does. It offers the same
certified security level. It also allows the brand to broadcast
personalized messages to the phone-holder detecting whether the
bottle has been opened or not.
WISeKey has been a pioneer in this NFT field by taking advantage
of this digital identity authentication technology and microchips,
which provide objects with a strong identity. WISeKey’s unique
Digital Identification NFT platform technology delivers the most
secure and scalable blockchain backend for creating real digital
twins for valuable objects such exclusive bottles of wines and
liquors. This unique approach will make it possible to mint
provenance and a digital version into an NFT that contains smart
contracts on how the digital twin may be used, removing any
uncertainty of what an NFT actually means to a collector by
delivering authenticated digital twins to the art and luxury
market.WISeKey’s expertise in the design of NFC secure chips allied
with its WISeAuthentic original platform for the identification,
authentication, tracking and direct marketing of goods, provides
customer-fit solutions for brand protection. Nevertheless, the
historic lack of support of NFC tags by iPhones has limited the use
of the application by WISeKey’s clients and their end-customers.
Apple is now supporting NFC Forum NDEF tags, making WISeKey’s
solutions instantly available to millions of users, who can now
benefit from advanced security and protection against
counterfeiting.
Through the WISeKey’s NFT platform, available for both Apple
iOS11 and Android phones, the brands have the capability to
directly reach the vast majority of their end-customers and enhance
the efficiency of their marketing communication, while the
intuitive functioning of the application enables users to secure
their data with ease.
The run on NFTs saw a huge spike in 2021 and is continuing to
grow especially on the high-end segment that is the focus of the
WISekey NFT Platform. NFTs sales have shot through the roof in the
last six months. From digital art selling at a classic auction
house for tens of millions of dollars… to historical documents
being auctioned off with NFTs attached to digital collectibles, the
industry has been on an upward trajectory.
About WISeKeyWISeKey (NASDAQ: WKEY; SIX Swiss
Exchange: WIHN) is a leading global cybersecurity company currently
deploying large scale digital identity ecosystems for people and
objects using Blockchain, AI and IoT respecting the Human as the
Fulcrum of the Internet. WISeKey microprocessors secure the
pervasive computing shaping today’s Internet of Everything. WISeKey
IoT has an install base of over 1.5 billion microchips in virtually
all IoT sectors (connected cars, smart cities, drones, agricultural
sensors, anti-counterfeiting, smart lighting, servers, computers,
mobile phones, crypto tokens etc.). WISeKey is uniquely
positioned to be at the edge of IoT as our semiconductors produce a
huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications to predict the
failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based
cryptographic Root of Trust (“RoT”) provides secure authentication
and identification, in both physical and virtual environments, for
the Internet of Things, Blockchain and Artificial Intelligence. The
WISeKey RoT serves as a common trust anchor to ensure the integrity
of online transactions among objects and between objects and
people. For more information, visit www.wisekey.com.
Press and investor contacts:
WISeKey
International Holding LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212 836-9611lcati@equityny.com |
Disclaimer:This communication expressly or
implicitly contains certain forward-looking statements concerning
WISeKey International Holding Ltd and its business. Such statements
involve certain known and unknown risks, uncertainties and other
factors, which could cause the actual results, financial condition,
performance or achievements of WISeKey International Holding Ltd to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.This press release does not
constitute an offer to sell, or a solicitation of an offer to buy,
any securities, and it does not constitute an offering prospectus
within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations or a listing prospectus within the meaning of
the listing rules of the SIX Swiss Exchange. Investors must rely on
their own evaluation of WISeKey and its securities, including the
merits and risks involved. Nothing contained herein is, or shall be
relied on as, a promise or representation as to the future
performance of WISeKey.
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