WISeKey‘s Semiconductors, NFTsPost Quantum and Blockchain Solutions Securee Smart cities
Carlos Moreira, WISeKey’s founder and CEO, discussed at the “Imagination in Action 2023, the Year of AI” event in Davos how “the post-quantum cryptography toolbox will help protect against the security threat of quantum computers, allowing hybrid solutions no later than 2025 to convert smart cities into “cybersecurity hubs” in partnership with MIT Connection Science, Forbes and Link Ventures
Geneva, Switzerland – February 8, 2023: WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI and IoT, today announced that its security chips are used to protect all kinds of IoT devices that connect Smart Cities, which e.g. #drones and their captured imagery, satellite communications and logistics sensors. These semiconductors, when placed on an object, securely issue NFTs to authenticate and track the object, much like an embedded e-passport, confirming the identity of the object on the Blockchain ledger.
Smart Cities take advantage of billions of WISeKey’s secure chips already embedded in high-tech products and goods to protect data, communications and firmware from cyber attacks. These include routers, modems, traffic lights, 5G equipment, energy smart meters, drones and medical equipment, to name a few.
Smart cities rely on interconnected communication networks, meaning that a security breach in one system can affect the entire city. IoT can help secure smart cities by implementing the following measures:
- Automatic update of security software: Using IoT-powered systems, cities can implement a patch management system that will monitor and automatically update the security protocols of all systems and networks in the city.
- Enhanced perimeter security: IoT-enabled sensors and cameras can be placed around the city to monitor key locations and provide real-time alerts on potential threats.
- Improved traffic flow: IoT-enabled traffic systems can help analyze traffic flows and identify potential security threats quickly.
- Automated identity checks: Advanced biometric systems can automate identity checks and increase security at city borders.
- Improved data handling: IoT-enabled systems can be used to collect, analyze and store data securely, with tight access control and encryption protocols in place.
- Improved real-time monitoring: With IoT-enabled systems, cities can monitor their systems in real time, enabling faster detection of security breaches and more effective responses.
Post-quantum chips can be used to protect smart cities by increasing key exchange speeds, providing greater security against quantum data attacks, and reducing vulnerability to human error, malicious actors, and system failures. When combined with other existing cyber security measures, post quantum chips can significantly strengthen the defenses of smart cities.
In order to use postal quantum chips, a city’s systems must be upgraded to include quantum-resistant encryption algorithms, which can be integrated with existing systems. This will enable faster and more secure data transfer between different smart city systems. In addition, post quantum chips can help strengthen the network’s credibility by ensuring that all data transmitted is cryptographically secure and cannot be altered or accessed without the correct key.
Finally, post-quantum chip-based systems are designed with an emphasis on resilience, which is key for smart cities that rely on other connected “things” such as sensors, cameras, and software applications. A resilient system can quickly identify and handle faults or address malicious activities, thereby keeping a city safe from potential cyber attacks. The added protection provided by post quantum chips also enables a city to implement more complex cyber security measures.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large-scale digital identity ecosystems for people and objects using Blockchain, AI and IoT with respect for the human as the fulcrum of the Internet. WISeKey microprocessors Ensure the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 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 the IoT as our semiconductors produce a vast amount of Big Data that, when analyzed with artificial intelligence (AI), can help industrial applications predict the failure of their equipment before it happens.
Our technology is trusted by OISTE/WISeKey’s Swiss cryptographic Root of Trust (“RoT”) providing secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT acts as a common trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information, visit www.wisekey.com.
Press contacts:
| WISeKey International Holding Ltd Company contact: Carlos Moreira Chairman and CEO Tel: +41 22 594 3000 [email protected] |
WISeKey Investor Relations (USA) Contact: Lena Cati The Equity Group Inc. Phone: +1 212 836-9611 [email protected] |
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements regarding WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors that could cause the actual results, financial condition, results or performance of WISeKey International Holding Ltd to differ materially from any future results, performance or performance expressed or implied by such statements . forward-looking statements. WISeKey International Holding Ltd is providing this communication as of the date hereof and undertakes no obligation to update any forward-looking statements 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, securities, and it does not constitute an offer prospectus pursuant to Article 652a or Article 1156 of the Swiss Code of Obligations or a listing prospectus. in accordance with 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 in this document is, or should be relied upon as, a promise or representation regarding the future performance of WISeKey
