WISeKey
Strengthens
its Technology Portfolio Across
Cybersecurity,
IoT, NFT and the Metaverse
by Constantly
Learning and
Adapting to
Provide
Customers with a
Highly
Trusted,
Secure, and
Intelligent
Platform for
Their
Digital
Transformation
Geneva, Switzerland
– August 4,
2022: WISeKey International Holding Ltd. (“WISeKey”)
(NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, IoT, and
AI company, today announced its latest Cybersecurity IoT
developments reinforcing the position of WISeKey as a major player
on these strategic technologies.
The pace of change being experienced since the start of COVID-19
pandemic in almost every industry is unprecedented; this has led to
the acceleration of digital transformations. Private, public
entities and governments across the globe seeking to seize on the
huge opportunities ahead, are also facing huge challenges presented
by the merge of the IoT, AI, Cybersecurity, Trust, Identity
Management and the Metaverse, thus they need a new platform model
that transforms their operations, protects their data and customers
while at the same time reduces complexity, accelerates service
deployment, and increases security.
To satisfy clients’ needs WISeKey has embarked on a major
digital transformation adding new verticals and activities that can
be summarized as follows:
1. WISe.ART platform:
WISe.ART’s unique competitive edge comes from its platform which is
secured by WISeKey’s various security technologies enabling the
authentication of digital identity based NFTs, physical objects as
well as digital assets, in a safe end-to-end process. The WISe.ART
platform offers users full control of their WISeID NFT, while other
NFTs must request access to identity information and WISeID NFTs
users then can decide by themselves what level of information they
wish to share. New artists joining the WISe.ART NFT Marketplace
that increasingly see a future for the tokens that upends the
economics of content creation and influence on the internet. Almost
100 artists have already joined the WISe.ART NFT Marketplace with
approximately 500 products, adding a commercial NFT sales potential
aggregate of $20 million worth of
NFTs.2. WISeSat solutions:
WISeSat is the first cost-effective and secure IoT connectivity
solution anywhere on Earth using picosatellites and low-power
sensors. It aims to answer the needs of any large IoT deployment in
agrotech, energy, logistics and more. WISeSat collects and sends
data from terrestrial sensors, increasing knowledge of the status
of assets and offering essential information to improve processes
and optimize production. These interactions between sensors,
gateways, ground stations and satellites require Trust. WISeSat, by
using VaultIC®, a complete cryptographic toolbox that makes
straightforward the integration of digital security in any
satellite device, offers this Trust. It ensures all
Certificate-based Authentication (PKI), Authorization, Encryption,
and Integrity requirements. The goal is to offer this service in a
SaaS model allowing both remote and redundant IoT communications
for companies seeking to securely connect their assets via
satellite communication, covering large and unserved geographic
areas such as maritime, deserts, mountains, etc., at affordable
prices. WISeKey in cooperation with FOSSA Systems has launched in
June 2022 , 7 new WISeSat FOSSA secured satellites creating one of
the largest European IoT constellations in history. FOSSA has
increased to 13 the WISeSat-ready constellation in orbit, becoming
the Spanish satellite operator with the largest
constellation.3. Patents: The
filing of patent application for a “System and Method for Providing
Persistent Authenticatable NFT” with the US Patent and Trademark
Office (USPTO), under the number US 17/514,296 ensures the
provenance, authenticity, persistence, and long-term value of NFTs
that are minted on Blockchains using this method. During the
minting process, this method allows to ensure that the NFT is not
corrupted, incomplete, or ambiguous. In general, there is a high
confidence in the ability of a Blockchain to preserve and store the
public key and digital signature information of the NFT along with
any subsequent transaction data over long and very long periods of
time. However, a Blockchain cannot preserve information that the
NFT does not itself include. Such as disclosed in the patent
application, it is the information in a persistent off-chain
storage that establishes the value and that needs to be
authenticated and secured.
4. NanoSealRT:
The development of a new semiconductor the NanoSealRT, an NFC
Forum Type 5 semiconductor chip that works with both Android and
IOS 12 (and above) devices (the essential patent granted in March
2021 by the E.U. and the Chinese Patent Offices), further
reinforced WISeKey’s position as a major Smart Label system
provider in traceability, anti-counterfeiting and consumer
engagement applications.5. Post-quantum
NFC/ID card solutions: WISeKey and Synergy Quantum are
currently developing post-quantum NFC/ID card solutions for second
factor identification and post-quantum encryption chips and
software platform for PQE tunnelling solutions.Of note, in October
2021, Synergy Quantum SA signed a joint venture agreement with the
I-Hub Quantum Technology Foundation, under the National Mission for
Interdisciplinary Cyber Physical Systems, Ministry of Science and
Technology, Government of India to provide its knowhow and skills
for the productization and commercialization of co-developed
technologies in the field of quantum sciences.
On December 15, 2021, India’s Union Cabinet approved the Semicon
India Program (Program for Development of Semiconductors and
Display Manufacturing Ecosystem in India), with an outlay of INR
760 billion (>US$10 billion) for the development of a
sustainable semiconductor manufacturing ecosystem in India.
According to the India Electronics and Semiconductor Association,
semiconductor consumption in India was worth US$21 billion in 2019,
growing at the rate of 15.1 percent.
6. Universal Communications Identifier
(UCID): WISeKey has also made strong progress on using
WISeID as a Universal Communications Identifier (UCID), a unique
identifier for an IoT device on a network; the blockchain, a
distributed ledger shared with the nodes of a computer network
guarantees security and Non-Fungible Tokens (NFTs), cryptographic
assets on a blockchain cannot be replicated. The combined practical
application of these technologies — implementing UCID on the
device, using NFTs, and putting them on the blockchain — ensures
that the device itself is authenticated on a network that cannot be
corrupted.
7. NCCoE project:
WISeKey’s strategy to further expand its U.S. operations will
also benefit from the recent announcement it has been selected
as a collaborator by NIST for the NCCoE Trusted IoT Device
Network-Layer Onboarding and Lifecycle Management Consortium
project. Additional information on this consortium can
be found
at: http://www.nccoe.nist.gov/projects/trusted-iot-device-network-layer-onboarding-and-lifecycle-management.
For this project, WISeKey is working with NIST to define
recommended practices for performing trusted network-layer
onboarding, which will aid in the implementation and use of trusted
onboarding solutions for IoT devices at scale. The WISeKey
contributions to the project will be Trust Services for credentials
and secure semiconductors to keep the credentials secure.
Specifically, WISeKey will offer INeS Certificate Management
Service (CMS) for issuing credentials and VaultIC secure
semiconductors to provide tamperproof key storage and cryptographic
acceleration.
8. The Code to The
Metaverse: This year The Code to The
Metaverse, was officially introduced at Davos in May in a broader
partnership with NBC, who will be producing a 12-part multi-media
series to include broadcast, event and social media programming.
Grounded in a human-centric foundation, The transHuman
Code provides an ethical platform for developers, enablers and
users of new technologies to prioritize keeping people at the
center of gravity in the relationship between woman/man and
machine. With its roots in the development of secure identity
management, WISeKey has stood at the forefront of providing greater
security for data authentication since 1999. In the
future, The transHuman Code platform, secured by WISeKey,
could seamlessly ensure that technological innovations protect
humans in the all environments. Our co-existence with artificial
intelligence will challenge all conventions of ethical norms as we
have known them, as we continue to digitize our work environment,
our social interaction, and our physical activities. Recent
developments have forced governments around the world to take steps
to quickly understand how Metaverse, this new frontier of
innovation, is challenging the traditional conception of
Sovereignty. With data being stored virtually on the Metaverse
anywhere in the world and government employees and citizens using
information technology systems that are hosted and operated from
anywhere (even outside of their jurisdiction), the expected
sovereign rights over that date on the Metaverse needs to be
reconsidered. Many information technology companies are telling
governments that that their versions of the Metaverse will be
enough to ensure sovereignty over their data and citizens. Others
are stating that new legislation is needed to protect citizens. All
in all, the solutions they propose are partial and
unsatisfactory.
9. Cybersecurity Tech Accord
membership: WISeKey is a member of the Cybersecurity Tech
Accord (https://cybertechaccord.org/) is a public commitment among
more than 150 global technology companies to protect, empower and
improve security, stability and resilience of cyberspace. Since its
inception, Cybersecurity Tech Accord signatories have supported
initiatives on improving email and routing security, implemented
Domain-based Message Authentication, Reporting and Conformance
(DMARC) in their own operations, participated in global requests
for comments on the UN’s new High Level Panel on Digital
Cooperation, and endorsed the Paris Call for Trust and Security in
Cyberspace. Additionally, the coalition has coordinated with
like-minded organizations such as the Global Cyber Alliance,
Internet Society, and Global Forum on Cyber Expertise.
10. Clinton Global
Initiate: WISeKey will be joining the Clinton
Global Initiate in September 2022 to address Digital Identification
issues as part of the United Nations SDG. WISeKey, in cooperation
with the International Organization for Secure Transactions
Foundation (OISTE.org), will be providing a Digital Identification
Infrastructure-NETeID-designed to support a network of 20,000
Identification Authorities worldwide with the objective to issue a
billion digital identities. Each of these 20,000 Identification
Authorities operating from 189 countries will be authorized to
issue Digital Identities locally.
https://www.clintonfoundation.org/commitment/clinton-global-initiative/increasing-digital-connectivity-to-the-poor/?fbclid=IwAR2peIYHOEcL0ZvlG2ASGi0ElZ6PCaYymVid7gfsNPowqWGjeuzdc4l_fNg
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 installed base of over 1.6 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 leading edge of IoT as our semiconductors
produce a huge amount of Big Data that, when analyzed with
Artificial Intelligence (AI), can help industrial applications
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
WISeKeyCompany 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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