WISeKey’s WISeID Cloud Services Support the EU New Data and Cloud Alliance, which Offers a Broader Push Toward Digital Sovereignty, Intended to Reduce Dependencies from Foreign Technology Providers
WISeKey supports the EU's new Data and Cloud Alliance, promoting digital sovereignty to reduce reliance on foreign tech. The company operates the WISeID Cloud Storage service in Switzerland and the EU, enhancing security for confidential data. This initiative aligns with the EU's strategy to establish a native cloud ecosystem amid increasing competition from US providers. WISeKey leverages its digital identity technologies to offer users secure access to online services, responding to the growing demand for cloud solutions heightened by the COVID-19 pandemic.
- Supports EU's Data and Cloud Alliance to enhance digital sovereignty.
- Operates WISeID Cloud Storage, catering to security needs of confidential data.
- Aligns with EU strategies to reduce reliance on US cloud providers.
- Enhances digital identity solutions, responding to increased demand for secure cloud services.
- None.
WISeKey’s WISeID Cloud Services Support the EU New Data and Cloud Alliance, which Offers a Broader Push Toward Digital Sovereignty, Intended to Reduce Dependencies from Foreign Technology Providers
WISeKey Operates a Swiss-EU based WISeID Cloud Storage Services
Geneva & Zug, Switzerland, December 23, 2021 – WISeKey Holding Ltd (“WISeKey”, NASDAQ: WKEY, SIX: WIHN), a leading cybersecurity and IoT company, today declared the support of the European Union new Data and Cloud Alliance which offers a broader push toward digital sovereignty, intended to reduce dependencies from foreign technology providers. As concrete step towards this support, WISeKey already operates a Swiss-EU based WISeID Cloud Storage service www.wiseid.com.
The new European Union alliance has been in the pipeline since last year’s European data strategy, having as a goal the creation of innovative synergies between European computing tech companies and advising the EU executives on its industrial strategy and investments plans. In particular, the alliance will be consulted on the drafting of the regulatory cloud rulebook, expected in 2022.
The cloud is one of several strategic technology areas, including semiconductors and AI, where the European Union is keen to build its indigenous capabilities and WISeKey provides concrete solutions with AI capabilities via Arago AG in Germany and WISeKey Semiconductors in France, employing over 120 people focusing on creating these solutions. Currently, the public cloud landscape is dominated by US providers, all of which are growing their share of the European market, and the European Union wants to develop a native cloud ecosystem and reduce reliance on overseas companies. Last year, 25 member states signed a declaration pledging to build the next generation of cloud technology in Europe, and various initiatives are already underway.
Launched in 2019, the WISeKey WISeID platform was built using WISeKey’s digital certificates and other innovative technologies. The evolution of the WISeID Cloud Storage service represents a stronger focus on cloud services and integration with internet applications, enabling customers and partners to adopt the WISeID ecosystem for digital identity to secure access to online services.
Since the beginning of COVID-19 pandemic in early 2020, the imposed need to enable teleworking has forced users to increasingly rely on cloud services, but this trend also implies higher security risks, especially when conventional cloud storage services are used to store and/or share highly confidential information. COVID-19 pandemic has upended how companies work and operate securely remotely. The increased volume of employees working from home using video conferencing and collaboration services is stressing back-end support services and increasing traffic on networks that connect users to these services. Only providers with a trusted robust and abundant architecture that deliver an uninterrupted customer cloud experience, such as WISeKey, will be able to manage the increased load.
The new features of WISeID Cloud Storage service enable users to keep a protected file storage in the cloud, in servers in Switzerland and EU secured by WISeKey’s technologies. WISeID Cloud Storage can be used to store confidential documents in a personal cloud safe area and securely share with other WISeID users, removing risks for eavesdropping and privacy loss.
WISeID is based on the WISeKey/OISTE Root of Trust and integrates innovative technologies to distribute the identity attributes and build federated ecosystems. WISeID is accessible as a web service via the wiseid.com trust services portal and enterprise standard APIs that allow the integration with business applications. 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. The WISeID web services and Mobile Applications are available for download and use. Several offers, such as digital certificates to secure the email or the strong authentication capabilities are offered free of charge, while others require a business subscription, in order to get full access to validated identities and document signature capabilities. For more information visit https://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 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.
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