STOCK TITAN

WISeKey’s PKI technology allows the generation of Digital Vaccination Certificates (DVC) to be used as a proof of evidence for those who have received coronavirus vaccine

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags
Rhea-AI Summary

WISeKey International Holding (NASDAQ: WKEY) has developed PKI Digital Certification technology to generate Certified Digital Vaccination Certificates (DVC) for individuals vaccinated against COVID-19. These certificates are designed to facilitate the reopening of businesses and enhance global economic recovery, particularly in the tourism and airline sectors. DVCs ensure encrypted data protection in compliance with GDPR, helping to minimize fraudulent activities related to vaccination proof. As vaccination efforts scale, DVCs will play a crucial role in managing the vaccination rollout effectively.

Positive
  • Introduction of Certified Digital Vaccination Certificates (DVC) can drive business reopenings.
  • DVC technology could accelerate recovery in tourism and airline industries.
  • Compliant with GDPR, enhancing user data protection and privacy.
Negative
  • None.

WISeKey’s PKI technology allows the generation of Digital Vaccination Certificates (DVC) to be used as a proof of evidence for those who have received coronavirus vaccine

Download the MyWISeID app for free at https://apps.apple.com/ch/app/my-wiseid/id1489151625?l=en

ZUG, Switzerland – February 25, 2021 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity IoT company, today announced that its PKI Digital Certification technology can generate Certified Digital Vaccination Certificates (DVC) to be used as a proof of evidence for those who have received coronavirus vaccines.

Digital Vaccine Certificates will facilitate the reopening of businesses and help societies to return to normal operating practices, but complexities on the different standards used to issue vaccination certificates make it very difficult for users to be able to prove that they have received the vaccine.  As more countries continue to scale vaccination efforts and the number of vaccinated people increases over the coming months, DVC will become an important tool to help monitor and manage the effective rollout of vaccinations. DVC will also allow the global economy to get back on track quickly and safely by accelerating the recovery of the tourism and airline industry, which are critical sources of revenue for many developing countries.

WISeKey’s PKI Digital Certification solid technology can assist law enforcement and other public service organizations control and minimize health risks during the de-escalation phase of the pandemic and the rollout of the vaccination process, and DVC can serve as official proof for those who have had the coronavirus vaccine.  DVC is a form of ID consisting of data related to the vaccine, such as date, type, and place of vaccination, and other relevant information. All vaccination details are digitalized, encrypted and linked to the user’s identity. Encryption of data protects user’s confidential information, ensures that health credentials are up to date, and in compliance with all privacy requirements, such as the European General Data Protection Regulation (Directive 95/46/EC), known as GDPR, the primary law regulating how companies protect EU citizens’ personal data. WISeKey is a fully Qualified Trust Service Provider (TSP) under eIDAS, the updated EU regulations dealing with trusted eID and electronic transactions and Webtrust.ORG.

Europol has warned the public about the potential harm of offline and online scams offering counterfeited versions of the COVID-19 vaccine and the huge health, social and economic risks associated with disinformation shared by criminals to defraud individuals and companies.  Although the World Health Organization has been issuing paper "yellow cards" that act as certificates of vaccination for international travelers, these paper certificates could be subject to fraudulent activities.

Please Click Here to view, WISeKey CEO, Carlos Moreira, Discuss the Fight Against Covid-19 on TD Ameritrade Network.

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN, NASDAQ: WKEY) 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 install base of over 1.5 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 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 the Swiss Financial Services Act (“FinSA”), the FinSA’s predecessor legislation or advertising within the meaning of the FinSA, or within the meaning of any other securities regulation. 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.

The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.


FAQ

What is WISeKey's Digital Vaccination Certificate technology?

WISeKey's PKI Digital Certification technology generates Certified Digital Vaccination Certificates (DVC) as proof of COVID-19 vaccination.

How will Digital Vaccination Certificates affect businesses?

DVCs are expected to facilitate the reopening of businesses by providing proof of vaccination, essential for safe operations.

What are the benefits of using Digital Vaccination Certificates?

DVCs provide encrypted data protection and comply with GDPR, helping to prevent fraud while aiding the economic recovery.

How do Digital Vaccination Certificates support the airline industry?

DVCs are intended to help restore confidence and safety in travel, crucial for the recovery of the airline sector post-pandemic.

What does GDPR compliance mean for WISeKey's DVCs?

GDPR compliance ensures that user data linked to vaccination certificates is protected and managed according to strict privacy standards.

WISeKey International Holding AG American Depositary Shares

NASDAQ:WKEY

WKEY Rankings

WKEY Latest News

WKEY Stock Data

74.99M
9.79M
0.89%
0.25%
Semiconductors
Technology
Link
United States of America
Zug