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WISeKey leverages Zug in Switzerland as Crypto Valley to establish an IoT Blockchain Center of Excellence

WISeKey leverages Zug in Switzerland as Crypto Valley to establish an IoT Blockchain Center of Excellence

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WISeKey International Holding Ltd (WIHN.SW), a leading Zug domiciliated Swiss cybersecurity and Blockchain IoT company established an Internet of Things (‘IoT) Blockchain Center of Excellence (‘Center’) in the Canton of Zug aiming to deploy a Trusted Blockchain as a Service platform.  The Center will offer a Blockchain Platform to US based enterprises, facilitating the rapid adaptation of on-board Blockchain based solutions and services.

Several major Blockchain and bitcoin companies are located in Zoug such as the Ethereum Foundation using the swiss experience on fintech and cybersceurity.

WISekey is cooperating with Zug’s startup enterprises, fintech incubation firms, and governmental authorities all working on DeepTech technologies, on building points of view, proof of concepts, policies, educational materials including addressing all the distributed ledger capabilities across different Blockchain schemes (public, consortium and private), with industry verticalization and domain specialization (IoT, transactions, messaging, etc.), underpinned by the best underlying technologies from startups, our key partners and from the community.

At the heart of this localization at the Crypto Valley is the OISTE-WISeKey Cryptographic Root of Trust (‘RoT’) which has been actively used since 1999 by over 2.6 billion desktops, browsers, mobile devices, SSL certificates and IoT devices. The OISTE WISeKey Cryptographic RoT is ubiquitous and universal, and a pioneer in the creation of Digital Identities. This technology is required to integrate the OISTE/WISeKey RoT into IoT embedded devices with problem-solving Artificial Intelligence (“AI”) solutions. For WISeKey adding to its patent portfolio and intellectual property is key to ensuring that the company will be a major player in the “DeepTech” for years to come.

WISeKey is also adding AI at the chip level together with the WISeKey RoT it will allow IoT to provide authenticated sensor data. Current IoT data do not provide value for their manufacturers unless it can be converted into actionable, contextualized information generated by IoT sensors fully identifiable.  The majority of IoT devices are not built with embedded secured systems thus are very vulnerable.  By integrating AI into the WISekey RoT and Vertical Platform, objects can develop their own cybersecurity behavior, thus making smarter and safer decisions. IoT objects with this technology will learn from attacks, defend them and transfer this intelligence via the WISekey Vertical Platform to other IoT objects peer to peer using a Blockchain.

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