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WISeKey and CasperLabs to Present the Latest Developments in Blockchain Identity and NFT Marketplace

WISeKey International Holding Ltd., a leading global cybersecurity, AI, Blockchain and IoT company, announced, during WISeKey’s Investor Day, the company will present new developments in the blockchain identity and WISe.ART NFT marketplace using CasperLabs. CasperLabs is a leading blockchain company for the enterprise market and provides support for organizations building on the Casper network.

The strategic partnership between WISeKey and CasperLabs which started earlier this year, is designed to bring trust to the WISe.ART NFT Marketplace platform and has already provided a dedicated, secure marketplace on the Casper Network for buying and selling NFTs, including artwork and luxury goods.

“By combining our Root of Trust with the Casper blockchain, we have created an innovative Trust Protocol that enables a wide range of use cases and business models, simply not possible with current blockchain-based solutions on their own,” said Carlos Moreira, Founder and CEO of WISeKey. “The first application of this collaboration will be the auctioning of digital twins of artwork and luxury collectibles, which we indisputably move into the virtual world, yet make their illegal use impossible.”

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Casper blockchain is the first fully decentralized, truly scalable blockchain designed for real-world speed and security. Casper’s familiar tools, open architectures and expert support make it simple and readily accessible for developers, and its public software platform makes pricing predictable and transparent for businesses. Unlike first generation blockchains, Casper provides an upgradable infrastructure that powers innovation and facilitates deployments across public, private and hybrid environments.

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“CasperLabs is committed to ensuring successful outcomes for organizations looking to build innovative applications on the Casper Network,” said Mrinal Manohar, Cofounder and CEO at CasperLabs. “Our partnership with WISeKey will set a new standard for responsible and secure NFT transactions during a period of historic interest. Both teams are deeply committed to delivering a more environmentally friendly and scalable option for the NFT community as it continues to evolve and excite new audiences worldwide.”

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Casper Network’s Proof-of-Stake (PoS) architecture allows for a higher volume of secure transactions with no drop in performance, while producing a fraction of the energy expended by traditional blockchain protocols. As interest in NFTs continues to accelerate, both organizations are committed to promoting a more environmentally-friendly consumption and distribution model.

With the support of CasperLabs, WISeKey’s unique Digital Identification NFT platform technology will run on the Casper Network to deliver the most secure and scalable blockchain backend for creating real digital twins for valuable objects. This unique approach will make it possible to mint provenance and a digital version into an NFT that contains smart contracts on how the digital twin may be used, removing any uncertainty of what an NFT actually means to a collector by delivering authenticated digital twins to the art and luxury market.

The WISeKey NFT platform 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 user is in full control of its WISeID NFT and other NFTs need to request access to its identity information so WISeID NFTs users can decide by themselves what level of information they wish to share, thus keeping full control. The WISeKey approach to the Metaverse has as objective to provide safe infrastructure identity services based on blockchain technologies for a wide range of users, including individuals, corporations and government institutions. As our digital lives become increasingly digitalized, Metaverse will leverage the advantages of the internet to establish a virtual world for its users. Businesses and communities will depend on users’ digital identities to manage assets.

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[To share your insights with us, please write to sghosh@martechseries.com]

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