WISeKey’s Watch Birth Certificate on the Blockchain Already Securing over 2.5 Million Luxury Swiss Watches

WISeKey’s Watch Birth Certificate on the Blockchain Already Securing over 2.5 Million Luxury Swiss Watches

Geneva, Switzerland – October 16, 2020 – WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY) a number one world cybersecurity firm, right now introduced that as one of many first cybersecurity firms on the planet to make use of twin issue authentication mixed with blockchain know-how to safe luxurious watches, presently protects over 2.5 million luxurious watches.

Since 2010, WISeKey has partnered with manufactures of luxurious watches, together with Favre-Leuba and Hublot to combine semiconductors tags powered with its VaultIC154 NFC safe factor and supply manufacturers with the power of:

  • issuing a storage gadget comprising of a digital certificates of authenticity
  • checking, when required, the validity of the digital certificates of authenticity
  • modifying, when required, the standing of validity of the digital certificates of authenticity.

These tags, when positioned on any product and tapped by an NFC telephone, securely authenticate and monitor the product very similar to an embedded ePassport and ensure the identification of the product on the BlockChain ledger.

“WISeKey has long been recognized as a leader in providing luxury and other product manufacturers with reliable means to protect their brands against counterfeiting,” stated Carlos Moreira, Founder and CEO of WISeKey. “With the addition of the WISeAuthentic BlockChain platform, we can now provide our clients with a powerful and unified way to shield their brands from the harmful effects of counterfeiting, while providing enhanced visibility into their end-consumers.”

WISeKey’s know-how creates Watch Birth Certificates, digital identities that are analogous to delivery certificates.  The Watch Birth Certificate is signed, or “certified” by a trusted authority and incorporates fundamental info reminiscent of date & time of manufacture (delivery), firm (mother and father), and kind of product.  This digital identification, used all through the watch lifetime, permits the watch to turn out to be a “Trusted Object” of the Internet, show its identification and supply verifiable information.

The Watch Birth Certificate is predicated on a cryptographic public‑personal key pair that’s distinctive to every IoT gadget.  The public key for this key pair is a part of the certificates and will be freely distributed, whereas the personal secret is used each time the IoT gadget must confirm its identification or to signal information to make sure cryptographic integrity. It is the personal key that represents the essence of the identification of the IoT gadget.

Purchasing an unique Swiss watch is all the time a matter of nice pleasure and pleasure, however this buy comes with the priority that the timepiece possibly stolen or that the watch itself will not be an unique. While most high-end watch manufacturers discover it extraordinarily troublesome to cease such acts, Favre-Leuba has taken steps to guard its watches. Reliable strategies embrace the usage of cutting-edge software program or blockchain know-how, which along with on-the-ground measures can make sure the authenticity of the watch. Moreover, if the watch is stolen, it may be traced thus making it troublesome to be traded on the secondary market. This management is feasible to follow as a result of the identification of every watch is saved on an immutable ledger within the applied system.

In 2010, the primary implementation of this modern know-how for watches, was based mostly on a cryptographic key on a credit-card sized card and it was introduced throughout the Baselworld 2010 occasion. Hublot partnered with WISeKey to current an digital assure of its watches. Each watch leaving the manufacturing unit was accompanied by a chip card, with the chip being activated as soon as the watch left the manufacturing unit. Once the watch was offered by a retailer, a second interplay with the chip routinely activated the assure.

An IoT gadget will be impersonated by compromising the gadget’s personal key. To shield the watch in opposition to impersonation, the watch digital identification is protected utilizing WISeKey’s VaultIC {hardware} that’s particularly designed to maintain the personal key secure.  Hackers are very artistic of their assaults to acquire personal keys, so a particularly designed {hardware} to securely shield this identification, is important.

In actual world functions reminiscent of Blockchain, AI, and object‑to‑object communication, it’s notably necessary to maintain the personal key secure utilizing the VaultIC.  A very good instance of object-to-object communication is case of the electrical automobile charging stations.  Carlos Moreira, WISeKey CEO identified, “The Watch Birth Certificate is unique, and cannot be duplicated nor counterfeited.  At the same time, the connection between the car and the plug requires the same level of authentication, to keep connections and related transactions safe.  Otherwise if a car connects to an unauthorized plug, the plug can transfer malware to the operating system of the car and allow hackers to later manipulate the car. WISeKey’s Birth Certificate provides the security needed to protect devices and users.” 

WISeKey’s IoT Birth Certificates BLOG publish on the Cybersecurity Tech Accord Signatory Blogs web page offers extra insights on the parallels between IoT certificates and delivery certificates. 

This know-how was then expanded to include microprocessors put in on the watch or playing cards connecting the watch to the telephone through NFC know-how, the watch can be utilized as a singular private key identifier and trusted gadget to entry customers’ smartphone, functions, and private information and secured cloud storage. With this integration WISeKey know-how gives a singular expertise of interconnected objects and strengthens safety whereas simplifying the consumer expertise.

WISeKey then began to combine extra authentication and verification layers of safety utilizing decentralized blockchain identification which allowed consumers of the watches to regulate when, the place and with whom they shared their credentials saved on their watches and authenticate these watches utilizing a forgery-proof digital certificates of authenticity which follows the watch throughout its whole life recording the historical past of the watch on its identification and ledger.

This cutting-edge know-how was applied with Favre-Leuba AG, the second oldest Swiss watch model that’s famend for its device watches such because the Bivouac and Bathy, to authenticate and shield Favre-Leuba’s watches and their house owners.

While most individuals think about BlockChain applied sciences as an important element in securing cryptocurrencies reminiscent of Bitcoin, the cryptography and safety inherent within the BlockChain system will be utilized for storing info, making transactions and performing capabilities for web-based providers that demand excessive safety necessities for an impenetrable world attain.  

The WISeAuthentic Blockchain platform integrates the WISeKey Semiconductors tags based mostly on the corporate’s VaultIC154 NFC safe factor. These tags, when positioned on any product and tapped by an NFC telephone, securely authenticate and monitor the product very similar to an embedded ePassport and ensure the identification of the product on the BlockChain ledger.

About WISeKey:

WISeKey (SIX Swiss Exchange: WIHN / NASDAQ: WKEY) is a number one world cybersecurity firm presently deploying massive scale digital identification ecosystems for folks and objects utilizing Blockchain, AI and IoT respecting the Human because the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping right now’s Internet of Everything. WISeKey IoT has an set up base of over 1.5 billion microchips in nearly all IoT sectors (linked automobiles, good cities, drones, agricultural sensors, anti-counterfeiting, good lighting, servers, computer systems, cell phones, crypto tokens and so on.).  WISeKey is uniquely positioned to be on the fringe of IoT as our semiconductors produce an enormous quantity of Big Data that, when analyzed with Artificial Intelligence (AI), will help industrial functions to foretell the failure of their tools earlier than it occurs.

Our know-how is Trusted by the OISTE/WISeKey’s Swiss based mostly cryptographic Root of Trust (“RoT”) offers safe authentication and identification, in each bodily and digital environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a typical belief anchor to make sure the integrity of on-line transactions amongst objects and between objects and folks.

For extra info, go to www.wisekey.com.

Press and investor contacts:

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

Disclaimer:

This communication expressly or implicitly incorporates sure forward-looking statements regarding WISeKey International Holding Ltd and its enterprise. Such statements contain sure identified and unknown dangers, uncertainties and different components, which may trigger the precise outcomes, monetary situation, efficiency or achievements of WISeKey International Holding Ltd to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein on account of new info, 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 throughout the that means of article 652a or article 1156 of the Swiss Code of Obligations or a list prospectus throughout the that means of the itemizing guidelines of the SIX Swiss Exchange. Investors 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.

 

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