SEALSQ to Showcase its Digital Identity Management with Decentralized Identifiers (DIDs) for IoT Devices and Cryptocurrencies Users at the Upcoming Mobile World Congress
February 20 2024 - 9:00AM
SEALSQ Corp (NASDAQ: LAES), a company that focuses on developing
and selling Semiconductors, PKI and Post-Quantum technology
hardware and software products, today announced its presentation at
the Mobile World Congress which will take place from February 26 -
29 in Barcelona, Spain.
Carlos Moreira, SEALSQ’s CEO noted, “This landmark event will
showcase the innovative application of Decentralized Identifiers
(DIDs), set to transform digital identity management boith for
people and objects by offering a verifiable, self-sovereign, and
privacy-centric approach, especially tailored for the burgeoning
field of machine-to-machine transactions, including our proprietary
cryptocurrency, SEALCOIN.”
Mr. Moreira added, “Our latest offering, SEALSQ DID, is
engineered to bolster the security of cryptocurrency transactions,
which are inherently protected by blockchain technology. Despite
the robust security features of blockchain, the sophistication of
cybercriminals necessitates a higher degree of vigilance. SEALSQ
DID addresses this challenge head-on by enabling individuals to
fully own and control their digital identities without dependency
on third parties, thereby significantly reducing the potential for
exploitation.”
In the rapidly evolving landscape of the Internet of Things
(IoT), the integration of DIDs heralds a new standard in digital
security and identity management. With an estimated 7 billion
internet-connected devices today, projected to grow to 22 billion
by 2025, the need for a secure, decentralized identity system for
IoT devices has never been more critical. SEALSQ is at the
forefront, offering advanced privacy features and seamless identity
management across devices, thereby mitigating the risks associated
with large-scale IoT deployments and the diverse standards across
devices.
In today’s digital age, where approximately 1.1 billion people
lack official identification, SEALSQ's DID technology provides a
groundbreaking solution. By enabling a user-controlled,
decentralized digital identity, SEALSQ not only addresses the
critical issue of identity for the underprivileged but also
empowers individuals with complete ownership and control over their
personal information, thereby enhancing privacy and security in the
digital realm.
As part of its commitment to enhancing digital security, the
WISeID platform introduces sophisticated digital identification and
Multi-Factor Authentication (MFA) capabilities. This service is
designed to safeguard cryptocurrency wallets and exchanges through
advanced authentication methods, including online KYC onboarding,
OTP, digital certificate login, and a revolutionary “hands-free”
secure login using QR codes. These innovations are poised to set a
new benchmark in the industry, providing unparalleled security and
convenience for users.Advanced Blockchain Security Cryptocurrency
transactions, inherently secured by blockchain technology, present
a formidable challenge for cybercriminals attempting to exploit
transactional data. However, the ingenuity of hackers in devising
cryptocurrency schemes to extract sensitive information, such as
wallet key phrases, necessitates enhanced vigilance. Elevating
Security with MFA Implementing MFA is a critical defense strategy
in safeguarding cryptocurrency wallets and exchanges. MFA fortifies
security by necessitating multiple verification methods — ranging
from traditional passwords to biometric scans and unique codes
generated by specialized mobile applications. This multi-tiered
approach significantly mitigates the risk of unauthorized access
and fraudulent activities.
Safeguarding Private Keys:The sanctity of an individual’s
private key, the sole access point to their cryptocurrency
investments, cannot be overstated. Experts advocate for the use of
hardware wallets, akin to USB devices, which securely store private
codes. Such wallets ensure that the private key remains encrypted
and never directly interacts with potentially vulnerable online
environments. Additionally, duplicating the hardware wallet and
securing it in locations like safe deposit boxes offers a fail-safe
against key loss.
User-Controlled Digital Identities: The New Norm In a landscape
where data privacy is paramount, digital identities must shift from
platform-centric to user-centric models. This paradigm shift
empowers users to maintain control over their personal information,
ensuring privacy and preventing unauthorized data exploitation by
platforms or third parties. Furthermore, this model facilitates
identity continuity across various platforms and fosters healthy
competition among them, as users can seamlessly transition their
digital identities.
We invite you to join SEALSQ at the Mobile World Congress to
witness firsthand the future of digital identity management.
Discover how our cutting-edge technologies, including SEALSQ DID
and the WISeID platform, are redefining security in the digital and
IoT domains. For more information and to download your digital
identity, visit (https://wiseid.com).
About SEALSQSEALSQ focuses on selling
integrated solutions based on Semiconductors, PKI and Provisioning
services, while developing Post-Quantum technology hardware and
software products. Our solutions can be used in a variety of
applications, from Multi-Factor Authentication tokens, Smart
Energy, Smart Home Appliances, and IT Network Infrastructure, to
Automotive, Industrial Automation and Control Systems.Post-Quantum
Cryptography (PQC) refers to cryptographic methods that are secure
against an attack by a quantum computer. As quantum computers
become more powerful, they may be able to break many of the
cryptographic methods that are currently used to protect sensitive
information, such as RSA and Elliptic Curve Cryptography (ECC). PQC
aims to develop new cryptographic methods that are secure against
quantum attacks.For more information please
visit www.sealsq.com.Forward-Looking
StatementsThis communication expressly or implicitly
contains certain forward-looking statements concerning SEALSQ Corp
and its businesses. Forward-looking statements include statements
regarding our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; SEALSQ's ability to continue
beneficial transactions with material parties, including a limited
number of significant customers; market demand and semiconductor
industry conditions; and the risks discussed in SEALSQ's filings
with the SEC. Risks and uncertainties are further described in
reports filed by SEALSQ with the SEC.SEALSQ Corp 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.Press and investor
contacts:
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611
/ lcati@equityny.comKatie MurphyTel: +212 836-9612
/ kmurphy@equityny.com |
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