WISeKey’s Cybersecurity AI technology creates a platform that helps connected devices to become intelligent devices, organize themselves into trusted…
Posted: November 24, 2020 at 7:56 am
November 23, 2020 12:00 ET | Source: Wisekey International Holding SA
WISeKeys Cybersecurity AI technology creates a platform that helps connected devices to become intelligent devices, organize themselves into trusted networks to learn from attacks, defend themselves, and transfer this intelligence to other devices within the network
FacebookLinkedBig Data collected from IoT devices can help WISeKey customers detect and predict future behavior and optimize productivity across industries through predictive maintenance on equipment and machinery
Geneva, Zug, Switzerland November 23, 2020 WISeKey International Holding Ltd (SIX: WIHN) (WISeKey), a leading Swiss cybersecurity and IoT company announced today that it has fully integrated the Industrial Internet of Things (IIoT) chip embedded with cryptographic Root of Trust (RoT) and problem-solving Artificial Intelligence (AI) solutions as part of its Vertical IoT Platform. WISeKeys IoT cybersecurity Vertical Platform allows IoT devices to organize themselves into trusted networks based on mutual authentication, identity and integrity.
The integration of arago technology is accelerating this process as arago has a large recurring customer base and licensing model which is expected to bring significant synergies to WISeKey and strengthen WISeKeys position in the fast-growing Artificial Intelligence of Things (AIoT) market. The ability to authenticate and remotely manage millions of networked, automated devices and equipment is becoming pervasive: from the factory floor, to the hospital operating room, to the residential home, everything from refrigerators, watches and wearables, to wine bottles, is connecting and communicating via the Internet.
WISeKey owns everything necessary to authenticate users and devices. With arago, the authentication is extended to data and action. The arago platform has an oAuth-based identity that is used to control access to any data point or AI activity which can easily be integrated with the WISeKey services.
The increasing adoption of AI and IoT convergence is one of the primary factors that is driving the growth of the market. Over the past five years, a rapid surge in the adoption of AI IoT cloud services has been witnessed. It is driven by its capabilities to provide enterprise wide array of resources they can utilize to scale, orchestrate, and support their operations.Addingsecure AI cloud services from Switzerlandin cooperation witharago, using Swiss data centers and Swiss alps mountain bunkers to store the personal data generated by users and enterprises. WISeKey, is the first e-security company in the world to offer decentralized Trust Models and PKI architecture. In addition, WISeKey allows data ecosystems to be federated via a unique digital identity, enabling users to interact while maintaining control of their personal data. Users have the have the freedom to choose where their data resides and who is allowed to access it. By decoupling content from the application and digital identity itself, users will be able to use their data as currency and develop digital data dividends-based solutions as consumers have a right to know and control how their data is being used and be able to monetize their data.
The WISeKey IoT cybersecurity Vertical platform is producing an unprecedented amount of Big Data as WISeKey has an install base of over 1 billion IoT secure microchips since 2010 invirtually all IoT sectors(autonomous cars, smart cities, drones, anti-counterfeiting, smart lights, servers, mobile phones, etc.). Big Data collected from IoT devices can help WISeKeys customers detect and predict future behavior and optimize productivity across industries through predictive maintenance on equipment and machinery.
As the rapid expansion of connected devices and VaultIC chips connected to the IoT continues, the sheer volume of data being created by them will increase to a mind-boggling level. This data will hold extremely valuable insight into whats working well or whats not by pointing out conflicts that arise and providing high-value insight into new business risks and opportunities as correlations and associations are made.
The IoT Industry is a game changer new business segment for WISeKey. An estimated 50 billion IoT devices are expected to be connected by the end of 2020, while worlds population is estimated to grow to 6.8 billion; thus, there will be more than 7 IoT devices per person connected to the internet by 2020.
As a result, it is anticipated that this year already the number of IoT devices will surpass the number of mobile devices. By 2021, this number is expected to grow to 1.8 billion PCs, 8.6 billion mobile devices, and 15.7 billion IoT devices, and by 2035, the amount of data usage is expected to grow more than 2,400 times, from 1 exabyte to 2.3 zettabytes. A huge and increasing amount of sensitive data that will need to be protected by the IoT chips (such as the ones produced by WISeKey) will be interchanged between connected devices and back-end servers, allowing companies to provide users with new type of applications. These applications will be designed to offer increased control over the use of resources, improve efficiency in power grids, optimize processing of information in industrial environments, secure autonomous vehicles, provide better and higher quality healthcare services and personalized experience for shopping or leisure, among others.
This new technology enables IoT connected devices which can provide a recognized identity and a valid integrity report to communicate with peer devices within the community. WISeKey offers a range of contact and contactless secure microcontrollers that share consistent secure 8-/16-bit RISC CPU performance, strong security mechanisms, and enhanced crypto engines to optimize performance and power consumption. The products also provide high-density, low-power EEPROM technologies. Designed to meet the most stringent security requirements, many of these products are EAL5+ Common Criteria security-certified.
This new capability will enable authenticated sensor data. Currently, most IoT devices are not built with embedded secure systems, which makes these devices vulnerable to exploits. By integrating AI into the IoT hardware and platform, objects connected to the Vertical Platform can develop their own cybersecurity behavior and make smarter and safer decisions.
Objects secured with these IoT chips produce a huge amount of Big Data that when analyzed with AI can help industrial applications to predict the failure of their equipment before it happens. The WISeKey platform allows the IoT device equipped with these chips to send authenticated data to the cloud using a dual factor authentication at the device level. Imagine a smartcard sending authenticated data of each component of the car to predict when these parts will require maintenance and to digitally sign all the logs required to prove that service was provided. This platform which can be used in different industrial applications allows optimized productivity across industries through predictive maintenance on equipment and machinery, creates truly smart homes with connected appliances and provides critical communication between devices including self-driving cars and smart homes. The possibilities that IoT brings to the table are endless.
WISeKeys technology creates a platform that helps connected devices to become intelligent devices that can learn from attacks, defend themselves, and transfer this intelligence to other devices within the network.
Additionally, WISeKeys technology provides smaller IoT manufacturers that do not have the resources or expertise to perform thorough security analysis of their products will the ability to adopt this platform, reducing the number of unprotected products that are released to consumers.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN, NASDAQ: WKEY) 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 secure the pervasive computing shaping todays 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/WISeKeys 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, visitwww.wisekey.com.
Press and investor contacts:
Disclaimer:
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 the Swiss Financial Services Act (FinSA), the FinSAs predecessor legislation or advertising within the meaning of the FinSA, or within the meaning of any other securities regulation. 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.
The securities offered will not be, and have not been, registered under the United States of America Securities Act of 1933, as amended, and may not be offered or sold in the United States of America, absent registration or an applicable exemption from the registration requirements of said Act.
.
- Getting Things Done: Personal Productivity and Team Effectiveness - CU Boulder Today - February 20th, 2021
- Duluth bodybuilder talks heavyweight win, his go-to cheat meal and performance alter-ego | INFORUM - INFORUM - February 20th, 2021
- 3 Stocks That Could Double Your Money - Statesville Record & Landmark - February 20th, 2021
- Android 12 developer beta is here, with updates to make your phone run smoother - CNET - February 20th, 2021
- Ford cars will go all electric, all the time in Europe by 2030 - CNET - February 17th, 2021
- Teslas next business: Turning your solar roof and EV into Bitcoin mines - ZDNet - February 17th, 2021
- $10,000 Invested in This ETF Could Send Your Kids to College - Tulsa World - December 26th, 2020
- It's Time to Rethink Employee Performance Management - GovExec.com - December 26th, 2020
- New Years Eve Will Still Rock In Times Square, Even Without A Live Audience - Deadline - December 26th, 2020
- With his sudden U-turn over Christmas, Boris Johnson caps a year of debacles - The Guardian - December 26th, 2020
- Best gas grills of 2021: Weber, Char-Broil and more - CNET - December 26th, 2020
- Perigee Raises Pre-Seed to Bring Security and Performance to HVAC and Environmental Controls - PRNewswire - December 19th, 2020
- Apple M1 tested: Performance benchmarks and thermal throttling - Android Authority - December 19th, 2020
- Chadwick Boseman should win the Oscar for this scene in Netflix's 'Ma Rainey's Black Bottom' - Fast Company - December 19th, 2020
- Personal loan: Small-ticket disbursements up five times in 2 years - Moneycontrol.com - December 19th, 2020
- Microsoft Is Working On Arm-Based Chips For Azure, Surface PCs: Report - CRN - December 19th, 2020
- Sony X900H 4K LED TV Review: sleek design and a great picture - Reviewed - December 19th, 2020
- Calphalon Cool Touch Convection Toaster Oven is just $210, almost its all-time low price - CNET - December 19th, 2020
- Stocks making the biggest moves midday: Tesla, FedEx, Airbnb, Winnebago & more - CNBC - December 19th, 2020
- These are 20 of the 18,000 people who died of COVID-19 in the US this week - Business Insider - Business Insider - December 19th, 2020
- COVID-19 vaccine is flying high and on dry ice to reach you - CNET - December 19th, 2020
- The carrier battle over 5G will only escalate in 2021 - CNET - December 19th, 2020
- From turboprops to third force: Rexs bold move to shake up Australian aviation - Sydney Morning Herald - December 19th, 2020
- The MSI Prestige 14 Evo Review: Testing The Waters Of Tiger Lake - AnandTech - December 19th, 2020
- Australia vs India: Don`t have any personal goals, says the talented Shubman Gill - Zee News - November 24th, 2020
- The Personal History Of David Copperfield Review: Dev Patels Performance As The Title Character Of Dickens' Classic Is Very Enthusiastic - SpotboyE - November 24th, 2020
- How to choose the right hybrid fund based on your investment horizon - Moneycontrol.com - November 24th, 2020
- Astronauts on a Mars mission will need to be 'conscientious' to work well together - CNN - November 24th, 2020
- 4 Reasons You Can't Afford to Invest Like the Wealthy - Mooresville Tribune - September 21st, 2020
- University Theatre to open season with virtual performance of Glass Menagerie - Mahoning Matters - September 21st, 2020
- Here's Why Municipal Bonds Belong in Every Investor's Portfolio - Mooresville Tribune - September 21st, 2020
- Graduates of Elite Universities Get Paid More. Do They Perform Better? - Harvard Business Review - September 8th, 2020
- Johnson back to No. 1 with performance that looked the part - Chattanooga Times Free Press - August 25th, 2020
- Mill Creek mayor resigns mid-term, citing personal reasons - The Daily Herald - August 25th, 2020
- Global Silicone For Personal Care Market 2020 Industry Outlook Dow Corning Corporation, Momentive Performance Materials, BASF SE - Scientect - August 25th, 2020
- Personal Mobility Devices Market is Booming Worldwide 2020-2027 | NOVA Medical Products, Performance Health, Drive DeVilbiss Healthcare, Medline... - August 25th, 2020
- RNC 2020: Republicans open convention with rising stars, dark warnings - AL.com - August 25th, 2020
- Personal Protective Textile Market (Impact of COVID-19) Top Growing Companies: Royal Ten Cate NV,DuPont,WL Gore and Associates,Kusumgar... - July 5th, 2020
- Kalamazoo Growlers win on opening day in front of 100 fans happy to see baseball - MLive.com - July 3rd, 2020
- Failed by the system? Asylum seekers wait to call Scotland home - STV Edinburgh - July 3rd, 2020
- J&J Healthy Workforce Program: Bringing Purpose and Productivity to Life - OrthoSpineNews - June 12th, 2020
- Global Personal Care Polymer Ingredients Market 2020 Key Performance, Top Players, Segmentation, Future Plans and Forecast to 2025 - Cole of Duty - June 12th, 2020
- Andrew Peller Limited Reports Solid Operating Performance in Fiscal 2020 - GlobeNewswire - June 12th, 2020
- BTS Take Over Dear Class Of 2020 With 3-Song Performance And Personal Sentiments From Each Member - ETCanada.com - June 12th, 2020
- Global Enterprise Performance Management Market Expanding Rapidly with Forecast 2025 and Top Players : Adaptive Insights, Anaplan, BOARD... - June 12th, 2020
- How Coronavirus is Impacting Specialty and High Performance Films (Polyester, Nylon, Fluoropolymer, Polycarbonate and Others) Market Reflecting a CAGR... - June 12th, 2020
- COVID-19 impact: Insight on the Growth of Performance Coating Market Growth with Challenges, Standardization, Competitive Market Share and Top Players... - June 12th, 2020
- How Diverse Is Your Board, Really? - Harvard Business Review - June 12th, 2020
- Global Employee Performance Software Market 2020: Classification, Application And Specifications, Industry Overview, Analysis Of The Main Key Regions... - June 12th, 2020
- Potential impact of coronavirus outbreak on High-Performance Nonwovens Market 2020: Global Industry Analysis, Size, Share, Trends, Growth and Forecast... - June 12th, 2020
- Server Spending Measures Aspiration As Much As Oomph - The Next Platform - June 12th, 2020
- How BTS Became The Undisputed Kings Of K-Pop - British Vogue - June 12th, 2020
- Report finds massive drop in Canadians' willingness to disclose personal information for free online services - GlobeNewswire - May 28th, 2020
- CFOs of FUGAZ and their 3-year performance record - Nairametrics - May 28th, 2020
- Calls to ramp up scrutiny of teacher performance - Sydney Morning Herald - May 28th, 2020
- Valorant Ranked System Explained: How Competitive Ranks And Tiers Work - GameSpot - May 28th, 2020
- Avoid investing in different funds of a single AMC as they perform in unison - Livemint - May 28th, 2020
- Best Chase Business Credit Cards of 2020 Forbes Advisor - Forbes - May 28th, 2020
- The scores are in: America failed the virus test | Moran - NJ.com - May 28th, 2020
- Letter to The Editor: Reopening restaurants with digital handwashing - Food Safety News - May 10th, 2020
- Trump's incompetence makes Andrew Cuomo's performance look better than it is - CNN - May 10th, 2020
- Taylor Swift's Sang "Soon You'll Get Better" Live For the First Time in an Emotional Performance - POPSUGAR - April 21st, 2020
- While the NBA season is on hold, this Bucks' Rim Rocker continues shooting trick shots from his Oak Creek home - Milwaukee Journal Sentinel - April 21st, 2020
- Haley Downey Named Big 12 Women's Swimming & Diving Co-Scholar Athlete of the Year - Kansas Jayhawks - April 21st, 2020
- Performance Management: The Emphasis on Accountability - GovExec.com - February 22nd, 2020
- Denison women compete at Kenyon Fast Chance Invite - Big Red Athletics - February 22nd, 2020
- Warren Leads an Onslaught of Attacks, Zeroing In on Bloomberg - The New York Times - February 22nd, 2020
- HPR: Deadly tomatoes led former executive to riveting solo performance - Calgary Herald - January 9th, 2020
- What Russell Wilson Eats in a Day Is Nearly Impossible for 'Regular People' - Sportscasting - January 9th, 2020
- Golden Globes: who will win and who should win the film awards? - The Guardian - January 9th, 2020
- Uiagalelei arrives on campus after solid performance in All-American Game - Clemson Sports Talk - January 9th, 2020
- Satire, podcasts and an Olympian: High Performance Rodeo brings the 'wild' to Calgary - CBC.ca - January 9th, 2020
- The Bafta 2020 nominations prove the industry treats diversity as a fad - British GQ - January 9th, 2020
- Don't fall prey to the stock market's banner year - CNBC - January 3rd, 2020
- 'Work has fully invaded our personal lives.' Here are 8 ways we can work smarter in 2020 - NBC News - January 3rd, 2020
- Reframing resolutions - The Baxter Bulletin - January 3rd, 2020
- Current Recovery & Performance Thursday Wrestling Scoreboard, 1/2/20 - shoresportsnetwork.com - January 3rd, 2020
- Spectacular multidisciplinary performance journeys through 5000 years of civilization - Seattle Weekly - January 3rd, 2020
- Business-aligned learning: the role of L&D - TrainingZone.co.uk - January 3rd, 2020
- Delta Air Lines is the most on-time airline in North America - The Points Guy - January 3rd, 2020