WISeKey and OISTE.ORG invited sustainable communities to cooperate in deploying a new Universal Decentralized Identification (UID) system on the Blockchain to guarantee sustainable peace at The Business for Peace Summit in Oslo

WISeKey and OISTE.ORG invited sustainable communities to cooperate in deploying a new Universal Decentralized Identification (UID) system on the Blockchain to guarantee sustainable peace at The Business for Peace Summit in Oslo

Participating NGOs and Sustainable Development Organizations supporting Sustainable Development Goals to receive a free code required to build their own identity registration system and create their own apps based on www.wiseid.com

Geneva, Oslo – May 16, 2019 – WISeKey International Holding Ltd (“WISeKey” SIX: WIHN; OTCQX: WIKYY)), a leading Swiss cybersecurity, Blockchain and IoT company, announced today that during the “The Business for Peace Summit” held in Oslo, Norway on May 15, 2019, invited sustainable communities to cooperate in deploying a new UID system on the Blockchain to guarantee sustainable peace. As a member of The Blockchain Research Institute’s (BRI) special category of members, WISeKey is dedicated to pushing Blockchain technology forward.

Based in Oslo, Business for Peace is an international foundation that supports local business leaders achieve their purpose on improving society. Its annual Business for Peace Summit brings together business leaders, investors, leaders of Non-Profit Organizations (NGOs), politicians, academics, and civil societies from all over the world to discuss the practical actions needed to make substantial and sustainable business contributions to society. The summit supports the Sustainable Development Goals 2030 Agenda and the Nordic Springboard of the United Nations’ SDG Impact initiative.

The 2019 Business for Peace Summit “Navigating in a World of Imbalance” together with the SDG Impact Springboard event as a cornerstone, gathered Nordic investor support aiming to build momentum for an upcoming global event in Stockholm.

Last year, WISeKey, a pioneer in Digital Identification and Blockchain, unveiled its plan to create Digital Identity Blockchain Platform CertifyID, which is in line with the UN Sustainable Development Goals to provide every person on the planet with a Legal Digital Identity by 2030.

“For years, we have used digital identities to allow people to vote electronically, secure their financial transactions, access their health records and now we are moving towards a universal use of Digital Identities as more than 1.2 billion people in the world are unable to prove their identity and therefore lack access to vital services including healthcare, social protection, education and finance. The majority of people without a digital identity live in Africa and Asia and more than a third are children who are unregistered,” said Carlos Moreira, Founder and CEO of WISeKey.

“WISeKey is pioneering the way Blockchain and Digital Identity disrupt industries and decentralized Trust. At the heart of this industrial platform is the OISTE-WISeKey Cryptographic RoT which has been actively used since 1999 by over 4 billion desktops, browsers, mobile devices, SSL certificates and IoT devices sharing a universal ledger. The OISTE WISeKey Cryptographic RoT is ubiquitous and universal, and a pioneer in the creation of Digital Identities,” concluded Mr. Moreira.

Blockchain-based solutions aim to override the need for a central authority by distributing information previously held in a centralized repository across a network of participating nodes. While Blockchain is not owned by one individual or organization, anyone with an internet connection (and access, in the case of private Blockchains) can make use of it, help maintain and verify it. When a transaction is made on a Blockchain, it is added to a group of transactions, known as ‘blocks”. Each block of transactions is added to the database in a chronological, immutable chain. Each block is stamped with a unique cryptographic code, which ensures that records are not counterfeited or changed. The Blockchain approach lacks legal validity in most jurisdictions, which only recognize the digital signatures as equally valid that manuscript signatures when generated using traditional PKI technology.

One concrete application on the use of this new Trust protocol is WISeCoin. WISeCoin is a Trusted Distributed Ledger Technology of Identity used to store the identity of objects and peoples and offers connected objects the ability to identify, authenticate and verify each other with a digital certificate. During each interaction, the Blockchain of Identity verifies and validates each digital certificate to secure the interaction. To compensate the use of the platform, a micro service fee is charged through a utility token, called the WISeCoin token.

Participant NGOs and Sustainable Development Organizations supporting SDGs and in particular Goal 16: “peace, justice, and sustainable institutions aim to promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.” Within this is Goal 16.9, on identity: “by 2030, provide legal identity for all, including birth registration will receive at no cost the code required to build their own identity registration system and create their own apps based on www.wiseid.com.”

About WISeKey

WISeKey (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 respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s 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/WISeKey’s 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, visit www.wisekey.com.

About OISTE.ORG 

Founded in Switzerland in 1998, OISTE.ORG was created with the objectives of promoting the use and adoption of international standards to secure electronic transactions, expand the use of digital certification and ensure the interoperability of certification authorities’ e-transaction systems. The OISTE Foundation is a not for profit organization based in Geneva, Switzerland, regulated by article 80 et seq. of the Swiss Civil Code. OISTE is an organization in special consultative status with the Economic and Social Council of the United Nations (ECOSOC) and belongs to the Not-for-Profit constituency (NPOC) of the ICANN. http://www.oiste.org/.

Mission: transfer the control and management of technologies dealing with Internet Trust and digital identities to neutral authorities working for the public interest. Vision: an Internet where users engage in online transactions and communications under systems of digital identity management that offer robust protection against fraud and theft, while protecting the fundamental right to privacy.

Press 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 article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of 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 contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.