WISeKey Celebrates its 25th Anniversary with a Strategic Shift to Web 3.0, Championing a Neutral, Secure, and Decentralized Internet

Geneva, Switzerland, Jan. 29, 2024 (GLOBE NEWSWIRE) -- For more information visit: https://www.youtube.com/watch?v=nxN0UbAvA54

WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today celebrates its 25^th anniversary by unveiling a strategic reorganization toward Web 3.0, exemplifying a new era of a neutral, secure, and decentralized internet. This transition underscores WISeKey's enduring commitment to innovation and its pioneering role in the digital landscape since its inception in 1999.

Pioneering the Web 3.0 Paradigm: From its early days as a trailblazer in identity management and secure digital processes, WISeKey now spearheads the Web 3.0 revolution. This paradigm shift embraces a decentralized ecosystem, empowering creators and users with data ownership and control, moving away from the traditional server-based infrastructure to a more interconnected and democratic digital realm.

Evolution Through the Web Generations: WISeKey's journey began with Web 1.0, focusing on static page information sharing and developing groundbreaking applications in identity management and Public Key Infrastructure (PKI). This foundation facilitated early e-voting systems, national ID projects and large-scale digital identity ecosystems deployments. As Web 2.0 emerged, it catalyzed the era of social media and user-generated content, but often at the cost of centralized data control by large corporations that required companies like WISekey to emphasize the protection of users and the need for them to retain control of their identities. Web 3.0 represents a significant departure from this model, championing decentralization and user empowerment.

From Centralized to Decentralized Internet: The internet's initial structure centered around centralized server ownership for simplicity in network infrastructure. However, this often meant that data, even if user-generated, was not truly owned by its creators. Web 3.0 disrupts this by diversifying data storage across decentralized networks, aligning with the original vision of the Web to be universally accessible, and unregulated space.

WISeKey is applying these Web 3.0 technologies to generate new revenue streams leveraging its existing expertise in cybersecurity, blockchain, and identity management to explore new business models and opportunities such as: