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 - Seite 2

The unique integration of Trust and Security solutions into an end-to-end platform ensures the authenticity, confidentiality and integrity of on-line transactions. The ever-increasing volume of trusted data being gathered and stored, enables the rise of big data and AI/machine learning, automating the process of gaining meaningful insights for customers deploying this solution.

WISekey as a cybersecurity company is uniquely positioned to protect consumers against the current data privacy abuses. The combination of RoT with blockchain generates a new Trust protocol in order to allow the blockchain to scale trusted transactions with embedded security, ensuring that each transaction submitted to the blockchain is digitally signed using keys that are trusted by the RoT and combining a vertical trust process verified by a reputable Third Trusted Party with the inherent decentralized trust provided by the blockchain.

This dual Trust Model solves one of the biggest challenges for the Internet which is to bridge the currently fragmented trust domains including existing, incompatible national RoT used by many governments. By combining RoT with blockchain, our innovative Trust protocol enables a wide range of use cases and business models that simply are not possible with using just current blockchain-based solutions.

One concrete application on the use of this new Trust protocol is WISeID which uses a Trusted Distributed Ledger Technology of Identity to store the identity of objects and people and offers connected objects the ability to identify, authenticate and verify each other with a digital certificate. During each interaction, the Blockchain of Identity verifies and validates each digital certificate to secure the interaction. To compensate the use of the platform, a micro service fee is charged through a utility token, called the WISeID token.

The IoT chips produced by WISeKey allow companies to provide users with applications designed to offer increased control over the use of resources, improve efficiency, optimize processing of information, secure autonomous vehicles and connected cars, secure medical wearable devices and improve public safety. In the United States, WISeKey’s chips secure and authenticate over 50 million routers using unique Secure Certificate based IDs and encryption (SSH) keys.  This technology is also used in closed-circuit TV (CCTV) or DVR devices and satellite antenna equipment,” said Mr.  Moreira.