WISeKey Launches its Trusted Identity Metaverse at Davos with a Human Centric Approach

Rhea-AI Summary

WISeKey International Holding Ltd launched its Trusted Identity Metaverse at Davos, emphasizing a human-centric approach designed for Web 3.0. The initiative aims to unite blockchain leaders and innovators, enhancing user autonomy in identity verification through its WISeID technology. The metaverse allows users to navigate using identity avatars and provides strong authentication and digital signature services, facilitating secure online transactions. WISeKey aims to integrate their technology with corporate applications, ensuring secure identity management without relying on third parties.

Positive

• Launch of the Trusted Identity Metaverse at Davos, positioning WISeKey as a leader in blockchain innovation.
• Enhanced user autonomy with WISeID technology, allowing for secure identity management without third-party reliance.
• Integration capabilities with corporate applications like Microsoft Active Directory, expanding market reach and utility.

Negative

• None.

WISeKey Launches its Trusted Identity Metaverse at Davos with a Human Centric Approach

https://www.wisekey.com/wisekey-webinar/davos-2022-register/

Geneva, Zug, Switzerland – May 25, 2022 – WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, IoT and AI company, today announced the launch of its Trusted Identity Metaverse at Davos with a human centric approach designed to ensure the potential of Web 3.0 in improving the lives of everyone, not only as consumers but also as humans.  The objective of the WISeKey metaverse is to bring together leaders and innovators in the global blockchain, Defi, NFT and metaverse communities, content creators, social commentators, entrepreneurs, and investment institutions to gain a deeper understanding of where this technology is taking us and to help chart a path forward. 

WISeKey Metaverse showcased in Davos how identity Avatars will allow us to navigate the metaverse using its WISeID technology delegating our 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. 

WISeID first generation acted 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. 

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 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:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@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 is WISeKey's Trusted Identity Metaverse?

WISeKey's Trusted Identity Metaverse is a platform launched to enhance user identity management in Web 3.0, integrating blockchain technology.

How does WISeID technology enhance security?

WISeID technology utilizes strong authentication methods, including digital signatures and secure logins, which improve overall security in online transactions.

When was the Trusted Identity Metaverse launched?

The Trusted Identity Metaverse was launched on May 25, 2022, at the Davos event.

What role does the human-centric approach play in the metaverse?

The human-centric approach ensures that the technology improves user experiences and respects user autonomy in identity management.

What are the benefits of using digital identities in the metaverse?

Digital identities allow users to securely navigate the metaverse, perform transactions, and establish reputations while maintaining control over their personal information.