WISeKey’s Semiconductors, NFTs, Post Quantum and Blockchain Solutions Secure Smart Cities
February 08 2023 - 1:00AM
WISeKey’s Semiconductors,
NFTs, Post Quantum
and Blockchain
Solutions Secure
Smart Cities
Carlos Moreira, WISeKey’s Founder and CEO,
discussed at the “Imagination in Action 2023, the Year of AI” event
in Davos how the “post-quantum cryptography toolbox will help to
protect against the security threat posed by quantum computers,
allowing hybrid solutions no later than 2025 to convert smart
cities into “cybersecurity hubs” in collaboration with MIT
Connection Science, Forbes, and Link Ventures
Geneva, Switzerland
– February 8,
2023: WISeKey International Holding (“WISeKey”,
SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI and
IoT company, announced today that its security chips are being used
to protect all sort of IoT devices connecting Smart Cities, such
as #drones and their captured images, satellite
communications and logistics sensors. These semiconductors, when
placed on any object, securely issue NFTs to authenticate and track
the object, much like an embedded ePassport, and confirm the
identity of the object on the Blockchain ledger.
Smart Cities benefit from the billions of WISeKey’s secure chips
already embedded in high-tech products and goods to protect data,
communication and firmware against cyberattacks. These include
routers, modems, traffic lights, 5G equipment, energy smart meters,
drones and medical devices, to mention a few.
Smart cities rely on interconnected communication networks,
meaning that a security breach on one system can affect the whole
city. IoT can help secure smart cities by implementing the
following measures:
- Automatically updating security
software: By using IoT-powered systems,
cities can implement a patch management system that would monitor
and automatically update the security protocols of all systems and
networks in the city.
- Improved perimeter security: IoT-enabled
sensors and cameras can be placed around the city to monitor
important locations and provide real-time alerts on potential
threats.
- Improved traffic flows: IoT-enabled traffic
systems can help to analyze traffic flows and identify any
potential security threats quickly.
- Automated identity checks: Advanced biometric
systems can automate identity checks and enhance the security of
the city's borders.
- Improved data management: IoT-enabled systems
can be used to collect, analyze and store data securely, with tight
access control and encryption protocols in place.
- Enhanced real-time
monitoring: With IoT-enabled systems,
cities can monitor their systems in real-time, allowing for faster
detection of security breaches and more effective responses.
Post quantum chips can be used to protect smart cities by
increasing key exchange speeds, providing greater security against
quantum computer attacks, and reducing vulnerability to human
error, malicious actors, and system malfunctions. When combined
with other existing cybersecurity measures, post quantum chips can
significantly strengthen the defenses of smart cities.
In order to make use of post quantum chips, a city’s systems
must be upgraded to include quantum-resistant encryption
algorithms, which can be integrated with existing systems. This
would allow for faster, more secure data transmission between
different smart city systems. Additionally, post quantum chips can
help strengthen network credibility by ensuring that all data
transmitted is cryptographically secure and cannot be altered or
accessed without the correct key.
Finally, post quantum chip-based systems are designed with an
emphasis on resilience, which is key for smart cities that rely on
other connected “things” such as sensors, cameras, and software
applications. A resilient system can quickly identify and manage
errors or address malicious activities, thus keeping a city safe
from potential cyber-attacks. The added protection provided by post
quantum chips also allows a city to implement more complex
cybersecurity measures.
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
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 contacts:
WISeKey
International Holding Ltd Company 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
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jun 2024 to Jul 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jul 2023 to Jul 2024