WISeKey Awarded Project by Government of Seychelles to Deliver “SeyID”, a Digital Identity Platform

Rhea-AI Summary

WISeKey has been awarded a project by the Government of Seychelles to deliver the SeyID digital identity platform, integrating eGovernment, eTourism, and eHealth initiatives. WISeID, the foundation for SeyID, offers robust authentication methods, online KYC onboarding, OTP authentication, and secure login through QR codes. The platform incorporates blockchain tech for secure identity distribution and ecosystem building. SeyID now includes an e-wallet for storing National ID and Driver's license digitally, with plans to introduce a Document Wallet for secure document sharing. This initiative aims to enhance digital security and streamline identity verification processes in Seychelles.

Victoria, Seychelles and Geneva, Switzerland, April 22, 2024 (GLOBE NEWSWIRE) -- SeyID Platform Will Enable Key eGovernment Initiatives and Further Digital Transformation

WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, operating as a holding company, today announced it has been awarded the project to deliver a new Digital Identity platform, “SeyID”, by the Government of Seychelles. SeyID will be linked with different national initiatives covering eGovernment, eTourism and eHealth.

Following the successful launch of the SeyID project, which is built upon WISeKey's WISeID platform for Digital Identity and online security, significant enhancements have been achieved in the realm of secure access and identity verification. WISeID, a trusted identity service, employs robust authentication techniques to facilitate access to web and mobile applications.

WISeID supports seamless online KYC onboarding, one-time password (OTP) authentication, and an innovative "hands-free" secure login through QR-Codes. Users can effortlessly utilize the SeyID mobile application for secure access, eliminating the need for passwords. Additionally, WISeID offers digital signature services for documents, ensuring a comprehensive approach to online security. Built upon the WISeKey Root of Trust, WISeID incorporates cutting-edge blockchain technologies to distribute identity attributes and construct federated ecosystems, further fortifying the security infrastructure.

Continuing its evolution, the SeyID Platform now integrates an e-wallet, offering users the ability to securely store their National ID and Driver license, eliminating the need to carry the physical documents. The App generates a digital version of the ID card, featuring a QR Code for secure third-party verification (from law enforcement agents to other uses such opening a bank account. where the person needs to prove their identity). This multifaceted approach underscores SeyID's commitment to providing a secure, efficient, and technologically advanced solution for digital identity and transactions.

In a next evolution, planned for the first half of 2024, WISeKey will also integrate a “Document Wallet”, which will allow to the Government to securely send digital documents to citizens. This feature, combined with SeyID’s existing feature for document signing, will greatly reduce the need to manage paper documents in the country.

About WISeKey

WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and Investor Contacts:

WISeKey International Holding Ltd

Carlos Moreira

Chairman & CEO

Tel: +41 22 594 3000

info@wisekey.com

WISeKey Investor Relations (US)

The Equity Group Inc.

Lena Cati

Tel: +1 212 836-9611 / lcati@equityny.com

Katie Murphy

Tel: +1 212 836-9612 / kmurphy@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. 

FAQ

What project has WISeKey been awarded by the Government of Seychelles?

WISeKey has been awarded the project to deliver a new Digital Identity platform, SeyID, by the Government of Seychelles.

What are the key features of the SeyID platform?

The SeyID platform offers robust authentication methods, online KYC onboarding, OTP authentication, secure login through QR codes, digital signature services, e-wallet for storing National ID and Driver's license, and plans for a Document Wallet for secure document sharing.

How does WISeID facilitate access to web and mobile applications?

WISeID employs robust authentication techniques to facilitate access to web and mobile applications, supporting seamless online KYC onboarding, OTP authentication, and secure login through QR codes.

What technologies does WISeID incorporate for security?

WISeID incorporates cutting-edge blockchain technologies to distribute identity attributes and build federated ecosystems, enhancing the platform's security infrastructure.

What additional feature is planned for SeyID in 2024?

In the first half of 2024, WISeKey will integrate a Document Wallet feature into SeyID, allowing the government to securely send digital documents to citizens, further reducing the need for physical document management in the country.