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WISeKey Strengthens its Technology Portfolio Across Cybersecurity, IoT, NFT and the Metaverse by Constantly Learning and Adapting to Provide Customers

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

WISeKey International Holding Ltd. 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.

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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:

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.

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.

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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.

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.

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.

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