WISeKey Strengthens its Technology Portfolio Across Cybersecurity, IoT, NFT and the Metaverse by Constantly Learning and Adapting to Provide Customers with a Highly Trusted, Secure, and Intelligent Platform for Their Digital Transformation

Rhea-AI Summary

WISeKey International Holding has advanced its technology portfolio in cybersecurity, IoT, NFT, and the Metaverse as of August 4, 2022. The firm introduced the WISe.ART platform, enabling secure NFTs and attracting nearly 100 artists with a potential sales value of $20 million. Additionally, WISeSat offers secure satellite IoT connectivity, further expanding the IoT constellation. The new NanoSealRT semiconductor chip enhances product traceability. WISeKey also focuses on post-quantum solutions, and has joined the NCCoE project for trusted IoT onboarding.

Positive

• Launch of WISe.ART platform, attracting nearly 100 artists and potential NFT sales worth $20 million.
• Expansion of WISeSat, creating a significant IoT constellation with 13 secured satellites.
• Development of NanoSealRT semiconductor chip for enhanced traceability and anti-counterfeiting.

Negative

• None.

WISeKey Strengthens its Technology Portfolio Across Cybersecurity, IoT, NFT and the Metaverse by Constantly Learning and Adapting to Provide Customers with a Highly Trusted, Secure, and Intelligent Platform for Their Digital Transformation

Geneva, Switzerland – August 4, 2022: WISeKey International Holding Ltd. (“WISeKey”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, IoT, and AI company, today announced its latest Cybersecurity IoT developments reinforcing the position of WISeKey as a major player on these strategic technologies.

The pace of change being experienced since the start of COVID-19 pandemic in almost every industry is unprecedented; this has led to the acceleration of digital transformations. Private, public entities and governments across the globe seeking to seize on the huge opportunities ahead, are also facing huge challenges presented by the merge of the IoT, AI, Cybersecurity, Trust, Identity Management and the Metaverse, thus they need a new platform model that transforms their operations, protects their data and customers while at the same time reduces complexity, accelerates service deployment, and increases security.

To satisfy clients’ needs WISeKey has embarked on a major digital transformation adding new verticals and activities that can be summarized as follows:

1.   WISe.ART platform: WISe.ART’s unique competitive edge comes from its platform which is secured by WISeKey’s various security technologies enabling the authentication of digital identity based NFTs, physical objects as well as digital assets, in a safe end-to-end process. The WISe.ART platform offers users full control of their WISeID NFT, while other NFTs must request access to identity information and WISeID NFTs users then can decide by themselves what level of information they wish to share. New artists joining the WISe.ART NFT Marketplace that increasingly see a future for the tokens that upends the economics of content creation and influence on the internet. Almost 100 artists have already joined the WISe.ART NFT Marketplace with approximately 500 products, adding a commercial NFT sales potential aggregate of $20 million worth of NFTs.


2.   WISeSat solutions: WISeSat is the first cost-effective and secure IoT connectivity solution anywhere on Earth using picosatellites and low-power sensors. It aims to answer the needs of any large IoT deployment in agrotech, energy, logistics and more. WISeSat collects and sends data from terrestrial sensors, increasing knowledge of the status of assets and offering essential information to improve processes and optimize production. These interactions between sensors, gateways, ground stations and satellites require Trust. WISeSat, by using VaultIC®, a complete cryptographic toolbox that makes straightforward the integration of digital security in any satellite device, offers this Trust. It ensures all Certificate-based Authentication (PKI), Authorization, Encryption, and Integrity requirements. The goal is to offer this service in a SaaS model allowing both remote and redundant IoT communications for companies seeking to securely connect their assets via satellite communication, covering large and unserved geographic areas such as maritime, deserts, mountains, etc., at affordable prices. WISeKey in cooperation with FOSSA Systems has launched in June 2022 , 7 new WISeSat FOSSA secured satellites creating one of the largest European IoT constellations in history. FOSSA has increased to 13 the WISeSat-ready constellation in orbit, becoming the Spanish satellite operator with the largest constellation.



3.   Patents: The filing of patent application for a “System and Method for Providing Persistent Authenticatable NFT” with the US Patent and Trademark Office (USPTO), under the number US 17/514,296 ensures the provenance, authenticity, persistence, and long-term value of NFTs that are minted on Blockchains using this method. During the minting process, this method allows to ensure that the NFT is not corrupted, incomplete, or ambiguous. In general, there is a high confidence in the ability of a Blockchain to preserve and store the public key and digital signature information of the NFT along with any subsequent transaction data over long and very long periods of time. However, a Blockchain cannot preserve information that the NFT does not itself include. Such as disclosed in the patent application, it is the information in a persistent off-chain storage that establishes the value and that needs to be authenticated and secured. 

4.   NanoSealRT: The development of a new semiconductor the NanoSealRT, an NFC Forum Type 5 semiconductor chip that works with both Android and IOS 12 (and above) devices (the essential patent granted in March 2021 by the E.U. and the Chinese Patent Offices), further reinforced WISeKey’s position as a major Smart Label system provider in traceability, anti-counterfeiting and consumer engagement applications.


5.   Post-quantum NFC/ID card solutions: WISeKey and Synergy Quantum are currently developing post-quantum NFC/ID card solutions for second factor identification and post-quantum encryption chips and software platform for PQE tunnelling solutions.


Of note, in October 2021, Synergy Quantum SA signed a joint venture agreement with the I-Hub Quantum Technology Foundation, under the National Mission for Interdisciplinary Cyber Physical Systems, Ministry of Science and Technology, Government of India to provide its knowhow and skills for the productization and commercialization of co-developed technologies in the field of quantum sciences.

On December 15, 2021, India’s Union Cabinet approved the Semicon India Program (Program for Development of Semiconductors and Display Manufacturing Ecosystem in India), with an outlay of INR 760 billion (>US$10 billion) for the development of a sustainable semiconductor manufacturing ecosystem in India. According to the India Electronics and Semiconductor Association, semiconductor consumption in India was worth US$21 billion in 2019, growing at the rate of 15.1 percent.

6.   Universal Communications Identifier (UCID): WISeKey has also made strong progress on using WISeID as a Universal Communications Identifier (UCID), a unique identifier for an IoT device on a network; the blockchain, a distributed ledger shared with the nodes of a computer network guarantees security and Non-Fungible Tokens (NFTs), cryptographic assets on a blockchain cannot be replicated. The combined practical application of these technologies — implementing UCID on the device, using NFTs, and putting them on the blockchain — ensures that the device itself is authenticated on a network that cannot be corrupted.

7.   NCCoE project: WISeKey’s strategy to further expand its U.S. operations will also benefit from the recent announcement it has been selected as a collaborator by NIST for the NCCoE Trusted IoT Device Network-Layer Onboarding and Lifecycle Management Consortium project.   Additional information on this consortium can be found at: http://www.nccoe.nist.gov/projects/trusted-iot-device-network-layer-onboarding-and-lifecycle-management. For this project, WISeKey is working with NIST to define recommended practices for performing trusted network-layer onboarding, which will aid in the implementation and use of trusted onboarding solutions for IoT devices at scale. The WISeKey contributions to the project will be Trust Services for credentials and secure semiconductors to keep the credentials secure. Specifically, WISeKey will offer INeS Certificate Management Service (CMS) for issuing credentials and VaultIC secure semiconductors to provide tamperproof key storage and cryptographic acceleration.

8.   The Code to The Metaverse: This year The Code to The Metaverse, was officially introduced at Davos in May in a broader partnership with NBC, who will be producing a 12-part multi-media series to include broadcast, event and social media programming. Grounded in a human-centric foundation, The transHuman Code provides an ethical platform for developers, enablers and users of new technologies to prioritize keeping people at the center of gravity in the relationship between woman/man and machine. With its roots in the development of secure identity management, WISeKey has stood at the forefront of providing greater security for data authentication since 1999. In the future, The transHuman Code platform, secured by WISeKey, could seamlessly ensure that technological innovations protect humans in the all environments. Our co-existence with artificial intelligence will challenge all conventions of ethical norms as we have known them, as we continue to digitize our work environment, our social interaction, and our physical activities. Recent developments have forced governments around the world to take steps to quickly understand how Metaverse, this new frontier of innovation, is challenging the traditional conception of Sovereignty. With data being stored virtually on the Metaverse anywhere in the world and government employees and citizens using information technology systems that are hosted and operated from anywhere (even outside of their jurisdiction), the expected sovereign rights over that date on the Metaverse needs to be reconsidered. Many information technology companies are telling governments that that their versions of the Metaverse will be enough to ensure sovereignty over their data and citizens. Others are stating that new legislation is needed to protect citizens. All in all, the solutions they propose are partial and unsatisfactory.

9.   Cybersecurity Tech Accord membership: WISeKey is a member of the Cybersecurity Tech Accord (https://cybertechaccord.org/) is a public commitment among more than 150 global technology companies to protect, empower and improve security, stability and resilience of cyberspace. Since its inception, Cybersecurity Tech Accord signatories have supported initiatives on improving email and routing security, implemented Domain-based Message Authentication, Reporting and Conformance (DMARC) in their own operations, participated in global requests for comments on the UN’s new High Level Panel on Digital Cooperation, and endorsed the Paris Call for Trust and Security in Cyberspace. Additionally, the coalition has coordinated with like-minded organizations such as the Global Cyber Alliance, Internet Society, and Global Forum on Cyber Expertise.

10.   Clinton Global Initiate:   WISeKey will be joining the Clinton Global Initiate in September 2022 to address Digital Identification issues as part of the United Nations SDG. WISeKey, in cooperation with the International Organization for Secure Transactions Foundation (OISTE.org), will be providing a Digital Identification Infrastructure-NETeID-designed to support a network of 20,000 Identification Authorities worldwide with the objective to issue a billion digital identities. Each of these 20,000 Identification Authorities operating from 189 countries will be authorized to issue Digital Identities locally. https://www.clintonfoundation.org/commitment/clinton-global-initiative/increasing-digital-connectivity-to-the-poor/?fbclid=IwAR2peIYHOEcL0ZvlG2ASGi0ElZ6PCaYymVid7gfsNPowqWGjeuzdc4l_fNg


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 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 are the latest developments of WISeKey (WKEY) in cybersecurity and IoT?

WISeKey has launched the WISe.ART platform for secure NFTs and the WISeSat solution for satellite IoT connectivity, reflecting its advancements in cybersecurity and IoT.

How many artists are part of the WISe.ART platform introduced by WISeKey?

Nearly 100 artists have joined the WISe.ART platform, contributing to a potential sales value of approximately $20 million in NFTs.

What is the significance of WISeKey's expansion in the satellite IoT market?

WISeKey's expansion includes the introduction of the WISeSat solution, adding 13 secured satellites to its constellation, enhancing IoT connectivity options.

What new technology has WISeKey developed for product traceability?

WISeKey has developed the NanoSealRT semiconductor chip, which improves product traceability and anti-counterfeiting applications.

What initiative has WISeKey joined to enhance IoT device security?

WISeKey has joined the NCCoE project to collaborate on trusted IoT device onboarding and lifecycle management strategies.