WISeKey Presented on the Davos Blockchain Hub Progress Made

WISeKey Presented on the Davos Blockchain Hub Progress Made on the Deployment of its WISeID Metaverse

Video at https://youtu.be/AoNds8lMbCY

Geneva – Davos – January 23, 2023 – WISeKey Worldwide Holding Ltd (“WISeKey “) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, Blockchain and IoT platform company, discussed progress made on the development of the WISeID Metaverse during its Davos 2023 Event, held on January 18, 2023.

The WISeID Metaverse mission is to develop a trusted, secure, multi-purpose open-source engine anyone can use to build interoperable identities and crypto wallets under the user control and consent.

WISeKey is working with OISTE.ORG and several blockchains to set best practices for digital identity and crypto wallet technology through collaboration on open-source code which can be used as a starting point for anyone who strives to build interoperable, secure, and privacy-protecting ID metaverse. 

At the event, Carlos Moreira, WISeKey’s Founder and CEO discussed how digital identities enhanced Avatars will allow us to navigate the metaverse using its WISeID technology delegating the Company’s presence on the Metaverse to authenticated versions of ourselves created via machine learning that would navigate and do all sorts of transactions on our behalf.

Digital identities should be under user control, rather than platform control for several reasons:

Users have the ability to keep their personal information private and secure. Platforms, on the other hand, may use user data for their own gain or share it with third parties without the user’s consent.Users maintain continuity of their identity across different platforms, rather than being forced to create multiple identities on different platforms.Promotes competition among platforms, as users will be able to easily move their identity from one platform to another.

WISeID first generation acts as a trusted identity service that enables access to the web and mobile applications with strong authentication techniques. WISeID supports online KYC onboarding, OTP and digital certificate login, and an innovative “hands-free” safe login based mostly on QR-Codes which customers can learn utilizing the WISeID suite of cell functions with out even having to sort any passwords.

WISeID is an progressive strategy to individuals’s identification capable of defend on-line interactions for people and firms. WISeID supplies customers with a Digital Identification that can be utilized to safe e-mail communication, digitally signal paperwork with authorized validity and it’s complemented with options reminiscent of twin issue authentication and single sign-on. WISeID is predicated on the WISeKey/OISTE Root of Belief and integrates progressive blockchain applied sciences to distribute the identification attributes and construct federated ecosystems. WISeID helps on-line KYC onboarding, OTP and an progressive “hands-free” safe login based mostly on QR-Codes which customers can learn utilizing the “My WISeID” cell utility with out even having to sort any password. Extra safety companies embrace digital signature companies for paperwork

Extra safety companies embrace digital signature companies for paperwork. WISeID implements requirements reminiscent of OpenID Join and OAUTH2, that may be simply built-in by prospects to reinforce the safety of their cloud functions. WISeID will also be mixed with Microsoft Lively Listing, facilitating integration with company functions.

The WISeID second era Digital Identities in Metaverse consists of an identification module that its constructed into the protocol, whereas supplementary functions shall be developed. Customers may have autonomy over their identification which means that they’re in full management of their private identification data and therefore want to not depend on any central entity or third occasion for identification verification. With a really NFT identification, customers can create, signal and confirm claims, whereas events who work together with a person will be capable to show their identification. Moreover, customers will be capable to selectively disclose their data.

Customers can set up a fame on Metaverse by way of digital identities, bettering the best way we alternate worth. Worth is exchanged by way of digital signatures, requests for verification and transactions; these transactions then permit a person to regularly construct a fame which may be inspected and verified by different digital identities and worth intermediaries. You possibly can obtain your ID from WISeID.com.

About WISeKey:

WISeKey (NASDAQ: WKEY / SIX Swiss Change: WIHN) is a number one international cybersecurity firm presently deploying massive scale digital identification ecosystems for individuals and objects utilizing Blockchain, AI and IoT respecting the Human because the Fulcrum of the Web. WISeKey Microprocessors Secures the pervasive computing shaping at this time’s Web of All the pieces. WISeKey IoT has an set up base of over 1.6 billion microchips in just about all IoT sectors (linked automobiles, good cities, drones, agricultural sensors, anti-counterfeiting, good lighting, servers, computer systems, cellphones, crypto tokens and so forth.). WISeKey is uniquely positioned to be on the fringe of IoT as our semiconductors produce an enormous quantity of Large Information that, when analyzed with Synthetic Intelligence (AI), might help industrial functions to foretell the failure of their gear earlier than it occurs.

Our expertise is Trusted by the OISTE/WISeKey’s Swiss based mostly cryptographic Root of Belief (“RoT”) supplies safe authentication and identification, in each bodily and digital environments, for the Web of Issues, Blockchain and Synthetic Intelligence. The WISeKey RoT serves as a standard belief anchor to make sure the integrity of on-line transactions amongst objects and between objects and other people. For extra data, go to www.wisekey.com.

Press and investor contacts:

WISeKey Worldwide Holding Ltd
Firm Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
data@wisekey.comWISeKey Investor Relations (US)
Contact: Lena Cati
The Fairness Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:
This communication expressly or implicitly comprises sure forward-looking statements regarding WISeKey Worldwide Holding Ltd and its enterprise. Such statements contain sure identified and unknown dangers, uncertainties and different elements, which might trigger the precise outcomes, monetary situation, efficiency or achievements of WISeKey Worldwide Holding Ltd to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. WISeKey Worldwide Holding Ltd is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein because of new data, future occasions or in any other case.
This press launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, any securities, and it doesn’t represent an providing prospectus inside the which means of article 652a or article 1156 of the Swiss Code of Obligations or an inventory prospectus inside the which means of the itemizing guidelines of the SIX Swiss Change. Buyers should depend on their very own analysis of WISeKey and its securities, together with the deserves and dangers concerned. Nothing contained herein is, or shall be relied on as, a promise or illustration as to the long run efficiency of WISeKey.