WISeKey WISeAuthentic Blockchain for Brand Protection Integrates PKI with Hyperledger Fabric
Geneva, Switzerland/New York, USA – August 21, 2018 – WISeKey International Holding Ltd (“WISeKey“), (SIX: WIHN; OTCQX: WIKYY) a cybersecurity IoT platform company, today announced that its WISeAuthentic solution for brand protection fully integrates Hyperledger Fabric. This integration aims to minimize counterfeiting and fraud by developing a trusted digital global blockchain ledger that includes the identity of the luxury object and tracks and protects any item of value.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. Hosted by The Linux Foundation, Hyperledger is a global collaboration of leaders in finance, banking, IoT, supply chain, manufacturing and technology. The blockchain technology reinforces the WISeKey patent, method and apparatus for digital authentication of valuable goods. The WISeKey patent uses strong digital identification and authentication, and combined with OISTE.ORG, allows objects on the Internet to be authenticated and monitored in real-time via trusted clouds. A full description link to patent is available at http://goo.gl/ozgOQm.
WISeKey will deploy open-source Hyperledger technology and combine it with WISeKey PKI to bring it in line with the brand protection industry requirements. Using a trusted private blockchain in a closed user group environment, with strong cybersecurity technologies combined with IoT traceability on personal data controls will be strictly governed.
“WISeKey has long been recognized as a leader in providing luxury and other product manufacturers with reliable means to protect their brands against counterfeiting,” said Carlos Moreno, VP Corporate Alliances and Partnerships. “Combining the blockchain technology together with our WISeAuthentic PKI platform, leverage even further the unified way to shield these brands from the harmful effects of counterfeit products, while enhancing transparency into their end consumers and the entire ecosystem.”
Counterfeiting is a rampant and growing problem-currently the estimated worldwide market value of counterfeit goods exceeds $650 billion. The fraudulent sale of products luxury goods, textiles, wine and spirits, including pharmaceuticals, damage the revenues and reputation of targeted brands. Therefore, it is critical to continuously insure consumer confidence and increase the perception of trust. WISeKey offers a full range of anti-counterfeiting solutions that enable consumers and retailers to verify the authenticity of products before the purchase. This is achieved by scanning the label with a NFC (Near Field Communication)-enabled smartphone or device. Additionally, WISeKey solutions allow suppliers and brand owners to globally track their products and engage with consumers at the point of sale and beyond to build brand loyalty. To date, alternative anti-counterfeiting solutions have been largely ineffective because counterfeiters have been able to replicate or circumvent the security features meant to deter fraud. In a cost-effective manner, WISeKey offers the only anti-counterfeiting solution that is based upon Common Criteria (EAL4+) for object identification and FIPS 140-meaning the solution provides the same level of digital security trusted by banks, the U.S. Department of Defense and l’ANSSI in France. In other words, the consumer becomes the brand inspector!
The WISeAuthentic Blockchain platform integrates the WISeKey Semiconductors tags which are equipped with the company’s VaultIC NFC secure elements family. These tags, when placed on any product and tapped by an NFC phone, securely authenticate and track the product much like an embedded ePassport and confirm the identity of the product on the blockchain ledger.
WISeKey has been a pioneer in digital luxury product authentication since 2007. WISeKey’s expertise in the design of NFC secure chips allied with its WISeAuthentic original platform for the identification, authentication, tracking and customer engagement of goods, provides customer-fit solutions for brand protection. Through the WISeKey WISeAuthentic platform, now available for both Apple iOS11 and Android phones, the brands have the capability to directly reach the vast majority of their end-customers and enhance the efficiency of their marketing communication, while the intuitive functioning of the application enables users to secure their data with ease.
WISeKey’s patented security software is used by an extensive list of premium watch manufacturers, including Bulgari. In addition to luxury goods, this technology can be installed and used on any gadget, accessory or wearable, allowing these objects to process contactless payments, thanks to WISeKey’s partnership with MasterCard(https://newsroom.mastercard.com/press-releases/mastercard-and-wisekey-to-bring-payments-to-luxury-brand-watches-and-wearables/).
WISeKey (SIX: WIHN; OTCQX: WIKYY) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.