WISeKey
Davos 2023 Event:Surviving the
Tech/Crypto Winter
WISeKey announces composition of 2023
Davos Roundtables
Date &
Time: January 18, 2023 / 19.00 to 20.00
CETLocation: Piano Bar Hotel
EuropePromenade 63, 7270
DavosRegistration: davos.wisekey.com
Geneva – December 15, 2022 – WISeKey International Holding Ltd
(“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading global
cybersecurity and IoT company, today announced its WISeKey Davos
2023 event: Surviving the Tech/Crypto Winter. The event will take
place on January 18, 2023 at the Piano Bar Hotel of Europe
(Promenade 63, 7270, Davos Platz, Switzerland) starting at 19:00
CET. This event will mark the company’s 18th participation at Davos
since WISeKey was nominated by the WEF as one of the founding
members of the Global Growth Company community.
WISeKey’s CEO Carlos Moreira noted “We are very excited to
welcome you to join us at the WISeKey Davos 2023 Event, taking
place at the Piano Bar Hotel on January 18, 2023. Friendly reminder
to please review the roundtables you would like to attend and
confirm your attendance.”
To register for this event and engage in discussions with our
international experts, you can visit http://davos.wisekey.com/.
The 2023 event will focus on Surviving the Tech/Crypto Winter.
Industry experts, investors, entrepreneurs, and politicians
presenting at the roundtables, many of whom have experienced
previous downturns in the industry, have a message for those facing
the current one: decisions we are making now will determine who
survives—and lay the groundwork for the next tech boom.
Surviving this Tech/Crypto Winter, and building for the next
boom, requires strategies that are often the opposite of those
popular only a year ago. It also requires a change in mindset. Tech
leaders generally are told to keep their eyes fixed on the horizon.
But to navigate the current economic downturn, looking back at what
worked and didn’t will be essential.
The term " Tech/Crypto Winter" is often used to refer to a
period of economic downturn or stagnation in the technology
industry. This can be caused by a variety of factors, such as a
decrease in demand for technology products and services,
competition from newer technologies, or economic factors that
affect the industry as a whole. During a Tech/Crypto Winter,
companies in the technology industry may struggle to maintain
profitability and growth, and some may even go out of business.
This can lead to job losses and other negative effects on the
economy.
During economic downturns, there can be opportunities for
startup companies to succeed. This is because established companies
may be struggling and unable to compete as effectively. As a
result, there may be more room for new, innovative companies to
enter the market and gain a foothold. Additionally, economic
downturns can lead to lower costs for operational necessities such
as labor and materials, which can make it easier for startups to
get started and operate. Finally, during a downturn, customers may
be more willing to try new products and services, so startups may
have a better chance of gaining traction and building a customer
base.
During the event, discussions will also cover the crypto market
and review recommendations of industry experts who have been
warning of a Tech/Crypto Winter. Since late 2021, a combination of
rising interest rates, weakening investor confidence in the
profitability of the sector, and a series of high-profile scandals
have dampened optimism that Web3 might provide a template for the
future of the internet – and, perhaps, society itself.
Experts on Trust and Security for the Web 3.0 of everything will
discuss recent developments to secure the state of the world
through Blockchain, AI, NFTs, Satellites, cybersecurity,
post-quantum, cryptoroots, and IoT technology. All of these items
need to be implemented due to the emergence of smart machines,
which are able to identify and learn from each other and evolve in
their decision-making capabilities and stay ahead of threats.
Additionally, there will be discussions on how we can ensure
that digital identity and privacy become a basic, fundamental human
right, as it is an endangered right. The digital economy considers
every click, search, or like as an asset to be monetized. Our
lives, reflected in cyberspace, are plundered for behavioral data
for the sake of a system that converts our freedom into profit. We
are quietly being domesticated into accepting that decision rights
vanish before we even know there is a decision to be made, as
normal.
Furthermore, discussions will also focus on recent NFT trends.
Despite the demise of the Crypto Currency market, collectors are
spending more, not less, on NFT art, according to the Art Market
Report. ‘It can become addictive,’ some admit to author Brian
Boucher of ArtNet News for ArtBasel.Crypto winter (or ice age,
whichever it turns out to be) hasn’t cooled collectors’ appetite
for digital artworks, according to “A Survey of Global Collecting”
in 2022, co-published by Art Basel and UBS, prepared by Dr. Clare
McAndrew, Founder of Arts Economics. On the contrary, just in the
first half of 2022, high-net-worth collectors spent an average of
$46,000 on art-based NFTs, more than all of 2021 ($44,000) and 2020
($35,000). A robust 17% of their spending was on digital art,
including 10% linked to an NFT.
About WISe.ART
WISe.ART is a fully-fledged marketplace. It can
connect all actors of the arts industry. Our white-labeling options
and special NFT designs ensure that besides an authenticated and
signed version of the actual digital asset, creating an
irreversible link to the physical object, providing proof of
ownership, provenance, and a set of smart contracts describing
future use and monetization streams.
The WISe.ART NFT platform is fully secured by
WISeKey’s innovative security technologies enabling the
authentication of digital assets, in a safe end-to-end process
based on our experience and proven expertise in this domain.
About WISeKey
WISeKey (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 Secures the pervasive computing
shaping today’s Internet of Everything. WISeKey IoT has an install
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 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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