The WISeKey BlockChain is constantly growing as new blocks are added to it with a new set of recordings. Each WISeID node gets a copy of the WISeID BlockChain and gets downloaded automatically upon joining the WISeID network. Through the WISeID BlockChain app the users are always in control of their digital identity stored on their mobile, IoT sensor and or computer and is only the user who determines which identification attributes are shared with social media, credit cards, merchant sites etc. never disclosing the Personal Identifiable Information (PII) if not required or necessary. WISeID uses BlockChain as a public, immutable ledger that allows third parties to validate that the original Identity or Attribute certifications provided by a Third Trusted Party has not been changed or misrepresented. Keeping control of Digital Identity is key to protecting user’s personal data.
At the heart of this platform is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktop, browsers, mobile devices, SSL certificates and Internet of Things’ devices. The OISTE WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the creation of Digital Identities.
The WISeID BlockChain operates with the WISeID Personal Cloud that uses the digital identification to lock personal data such as account usernames and passwords, credit card numbers and access PINs into a secure personal data organizer, creating accountable identities for online activity while the data itself remains protected in a secure cloud vault.
Mobile security threats are increasing in number and sophistication, with hackers looking for sophisticated ways to hijack mobiles for Bitcoin mining, or to trick mobile users into giving up their personal identity and bank account information. Even though mobile operating systems provide app developers with significant security features, hackers have still been able to exploit the massive installed base of Android and iOS devices, using many different infection vectors to place malware.
Among other things, WISeID keeps passwords in an encrypted vault, generates hard-to-crack passwords, and safely synchronizes data between computers and devices on multiple platforms, using secure cloud storage. The vault can be unlocked only with the user’s Master Password and/or defined pattern, with additional protection provided through facial recognition authentication. WISeID can be accessed online though a single click.
The spirit of this initiative is to promote the use of blockchain technologies internationally, facilitate the rapid adaptation and on-boarding of blockchain based solutions, foster stronger collaboration between the public, private and academic sectors and cooperate to ensure that the latest technological standards are made available in a safe and trusted manner. The Blockchain Centers of Excellence will also be instrumental in prototyping, the co-creation of use cases and IP creation on blockchain technology and platforms. They will also become a channel to engage companies and governments globally in the work of the BRI, as well as a distribution channel for the BRI’s research.
The Blockchain Centers of Excellence will operate as a coordinated, interoperable blockchain ecosystem around the world, allowing all partners to fully benefit from shared learnings, experiences and resources. Each Blockchain Center of Excellence is expected to develop a particular expertise that can be shared among all centers. For example, the Blockchain Center of Excellence in Buenos Aires will spearhead the development of particular platforms and applications to fight counterfeiting, illicit trade and corruption, while the Geneva Blockchain Center will focus on Fintech, particularly digital private banking and commodity trading applications.
Carlos Moreira, WISeKey’s CEO & Founder, noted: “The creation of Blockchain Centers of Excellency represent an important step to overcome the tremendous trust deficiency we currently live with and represent an unprecedented effort in fostering stronger collaboration between the public, private and academic sectors for the adoption of latest technological blockchain standards in a safe and trusted manner.”
Don Tapscott, Founder and Executive Chairman of the Blockchain Research Institute, noted: “Blockchain represents the second era of the Internet – from an Internet of Information to an Internet of Value. We at the BRI are delighted that the Centers of Excellence initiative will help the world get access to and take advantage of our work. ”
The Blockchain Research Institute (BRI) is a division of The Tapscott Group Inc. It is an independent, global think-tank, co-founded by Don and his son Alex Tapscott. The Tapscott’s are the authors of Blockchain Revolution – the number one global best seller about blockchain. BRI brings together the world’s top global researchers to undertake ground-breaking research on blockchain technology. Funded by a membership consisting of international corporations and government agencies, BRI’s multi-million-dollar research program features over 100 projects exploring the strategic implications of blockchain on business, government and society. From market opportunities to best practices and implementation challenges, BRI is dedicated to inspire and prepare private- and public-sector leaders to be the catalysts of the blockchain transformation.