WISeKey‘s security solutions showcased at the 22nd Annual Oppenheimer Technology, Internet and Communications Conference in Boston
Boston – August 9, 2019: WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN), a leading cybersecurity and IoT company, today announced that it showcased its security solutions during the 22nd Annual Oppenheimer Technology, Internet and Communications Conference in Boston.
WISeKey Cybersecurity solutions are widely used by many organizations in the banking and financial sector. “Clients use our solutions to: secure authentication of users to systems and databases, encrypt email messages, encrypt data and documents, apply digital signatures to documents and messages, archive and timestamp emails and contracts, secure messages between systems, secure payment transaction and online commerce, protect passwords and logons, encrypt voice communications, and more, said Carlos Moreira, CEO of WISeKey during his presentation. Mr. Moreira also explained how WISeKey’s Blockchain Solutions for the Financial Services and Banking are contributing to transforming banks by managing efficient workflows and facilitating proof of identity, reducing counterparty risks, as well as establishing secure over-the-counter trading.
Blockchain-based solutions aim to override the need for a central authority by distributing information previously held in a centralized repository across a network of participating nodes. While Blockchain is not owned by one individual or organization, anyone with an internet connection (and access, in the case of private Blockchains) can make use of it, help maintain and verify it. When a transaction is made on a Blockchain, it is added to a group of transactions, known as ‘blocks.” Each block of transactions is added to the database in a chronological, immutable chain. Each block is stamped with a unique cryptographic code, which ensures that records are not counterfeited or changed. The Blockchain approach lacks legal validity in most jurisdictions, which only recognize the digital signatures as equally valid that manuscript signatures when generated using traditional PKI technology.
A user-controlled digital identity typically starts with a number, unique to an individual, that is associated with a public key for which the user has the private key issued by the OISTE/WISeKey Crypto Graphic RootKey. The WISeID Network is a most deployed standard for digital identity operating since 1998 by a non for-profit organization – OISTE.ORG – designed to bring the neutrality, trust, consent, personal control, and ease-of-use of Digital IDs to the Internet.
A Root of Trust (RoT) is a source that can always be trusted within a cryptographic system. A principal example is a Trusted Certification Authority (CA) which generates digital certificates that can be used for legally binding signed electronic transactions. The traditional PKI does not fit well with the heterogeneous blockchain distributed trust model that leverages the existing trust domains and bridges them to create end-to-end trust between them without relying on any common RoT.
Our proposal: Corporate eID for eBanking: Establish the foundation for an enhanced Corporate eID Corporate PKI, adhered to the WISeKey Trust Model Use Digital Certificates to authenticate persons and devices, enable cross-device secure identification and transactions, apply eID to corporate communications (e-mail, communications…), integrate the eID with a Mobile Device App for internal and customer’s use, add digital signatures to business processes Transition to Digitally Signed documents, integrate digital signature tools in corporate applications and improve security and efficiency.
For more information please visit our website: https://www.wisekey.com/solutions/finance/.
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
Press and investor contacts:
| WISeKey International Holding Ltd|
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
| WISeKey Investor Relations (US)|
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
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