WISeKey’s Digital Identity for People and Objects Ecosystem is Expanding Exponentially as its Semiconductor Install Base Grows to 1.6 Billion Secure Chips and Root of Trust to 5 Billion Devices

WISeKey’s Digital Identity for People and Objects Ecosystem is Expanding Exponentially as its Semiconductor Install Base Grows to 1.6 Billion Secure Chips and Root of Trust to 5 Billion Devices

For WISeKey the ability to secure, capture, package and commercialize IoT data offers a potential new monetization model

 
Geneva, Switzerland – June 10, 2020: WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY),), a leading global cybersecurity and IoT company today announced that its Digital Identity for People and Objects Ecosystem is expanding exponentially and its  Semiconductor install base grows to 1.6 billion secure chips and Root of Trust (RoT) to 5 billion devices. Currently, over 1.6 billion objects have been secured by WISeKey VaultIC and NanoSeal Chips and over 5 billion RoT are recognized by all operating systems (OS) both mobiles and computers and applications like internet browsers or email applications.

“We are proud of this strong increase of our install ecosystem and the success of the new VaultIC407 and NanoSeal IoT Microprocessor combined with the WISeID Digital Certification technology.  Recent agreements for WISeKey in this IoT sector include partnerships with market leaders such as SAP, ORACLE, Amazon, CISCO, Microsoft, IBM, Mastercard, SigFox and others to secure people and IoT devices and the derived increasing amount of sensitive data exchanged between people and devices. Data generated by our substantial ID ecosystem offers a new monetization opportunity for our company as IoT devices generate large volumes of sensor data.  For WISeKey the ability to secure, capture, package and commercialize IoT data offers a potential monetization model. Once data has been aggregated and anonymized with our digital IDs, our clients can choose to sell it raw, package insights from it or monetize it using advertising,” said Carlos Moreira, CEO of WISeKey. 

The WISeKey OISTE RoT is a set of functions in the trusted computing module that is always trusted by the computer's operating system (OS). RoT serves as separate compute engine controlling the trusted computing platform cryptographic processor of the PC or mobile device where it is embedded. As the intelligence of devices on the edge increases, so does the attack surface.  The expanding of Internet of Things (IoT) is convenient and allows the implementation of many disruptive applications with an increased risk of cyberattacks.