WISeKey Presented at the Davos Blockchain Hub Progress Made on the Deployment of its WISeID Metaverse
January 23 2023 - 1:00AM
WISeKey
Presented at the Davos
Blockchain Hub Progress
Made on the Deployment
of its
WISeID
Metaverse
Video at https://youtu.be/AoNds8lMbCY
Geneva – Davos - January 23, 2023 - WISeKey International
Holding Ltd (“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading
global cybersecurity, Blockchain and IoT platform company,
discussed progress made on the development of the WISeID Metaverse
during its Davos 2023 Event, held on January 18, 2023.
The WISeID Metaverse mission is to develop a trusted, secure,
multi-purpose open-source engine anyone can use to build
interoperable identities and crypto wallets under the user control
and consent.
WISeKey is working with OISTE.ORG and several blockchains to set
best practices for digital identity and crypto wallet technology
through collaboration on open-source code which can be used as a
starting point for anyone who strives to build interoperable,
secure, and privacy-protecting ID metaverse.
At the event, Carlos Moreira, WISeKey’s Founder and CEO
discussed how digital identities enhanced Avatars will allow us to
navigate the metaverse using its WISeID technology delegating the
Company’s presence on the Metaverse to authenticated versions of
ourselves created via machine learning that would navigate and do
all sorts of transactions on our behalf.
Digital identities should be under user control, rather than
platform control for several reasons:
- Users have the
ability to keep their personal information private and secure.
Platforms, on the other hand, may use user data for their own gain
or share it with third parties without the user's consent.
- Users maintain
continuity of their identity across different platforms, rather
than being forced to create multiple identities on different
platforms.
- Promotes competition
among platforms, as users will be able to easily move their
identity from one platform to another.
WISeID first generation acts as a trusted identity service that
enables access to the web and mobile applications with strong
authentication techniques. WISeID supports online KYC onboarding,
OTP and digital certificate login, and an innovative “hands-free”
secure login based on QR-Codes which users can read using the
WISeID suite of mobile applications without even having to type any
passwords.
WISeID is an innovative approach to people’s identity able to
protect online interactions for individuals and companies. WISeID
provides users with a Digital Identity that can be used to secure
email communication, digitally sign documents with legal validity
and it’s complemented with features such as dual factor
authentication and single sign-on. WISeID is based on the
WISeKey/OISTE Root of Trust and integrates innovative blockchain
technologies to distribute the identity attributes and build
federated ecosystems. WISeID supports online KYC onboarding, OTP
and an innovative “hands-free” secure login based on QR-Codes which
users can read using the “My WISeID” mobile application without
even having to type any password. Additional security services
include digital signature services for documents
Additional security services include digital signature services
for documents. WISeID implements standards such as OpenID Connect
and OAUTH2, that can be easily integrated by customers to enhance
the security of their cloud applications. WISeID can also be
combined with Microsoft Active Directory, facilitating integration
with corporate applications.
The WISeID second generation Digital Identities in Metaverse
includes an identification module that its built into the protocol,
while supplementary applications will be developed. Users will have
autonomy over their identity meaning that they are in full control
of their personal identification information and hence need not to
rely on any central entity or third party for identity
verification. With a truly NFT identity, users can create, sign and
verify claims, while parties who interact with a user will be able
to prove their identity. Additionally, users will be able to
selectively disclose their information.
Users can establish a reputation on Metaverse through digital
identities, improving the way we exchange value. Value is exchanged
through digital signatures, requests for verification and
transactions; these transactions then allow a user to gradually
build a reputation which can be inspected and verified by other
digital identities and value intermediaries. You can download your
ID from WISeID.com.
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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