WISeKey Announces Non-Fungible Tokens (NFT) for Digital Identity Verification of Valuable Objects and Proof of Ownership of Digital and Tangible Assets
The acceleration of NFT was fueled by the need to contain fraud and forgery in works of art, but is now being rapidly adopted by other industries that can benefit from a non-clonable digital certificate of authenticity
Geneva – 18 March 2021 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI and IoT company, today announced the development of its Non-Fungible Tokens (NFT) application built on highly scalable blockchain infrastructure backed by proprietary digital identification technology that protects, authenticates and proves ownership of digital and tangible assets.
WISeKey is adding the NFT feature to its WISeAuthentic platform (https://www.wisekey.com/wiseauthentic-blockchain/), which uses a patented method for digitally certifying the authenticity of a physical object, and the corresponding computer program and storage device, as well as using the method for digitally certifying the authenticity of a physical object of value. The method includes the steps of issuing a storage device, including a digital certificate of authenticity including encrypted information reflecting at least one unique characteristic of the physical object, checking, whenever necessary, the validity of the digital certificate of authenticity through a computer. in a network, the network computer cooperating with the storage device and a validation or certification authority in order to issue substantially in real time the validity status of the digital certificate of authenticity, and modifying, when necessary.
More information about the patent can be found at – http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=8&f=G&l=50&co1=AND&d=PTXT&s1=keywise
With a rich portfolio of more than 46 patent families, covering more than 100 key individual patents and another 22 patents under review, WISeKey continues to expand its digital tangible asset protection technology footprint across multiple domains, including secure chip design , near-field communication (NFC), development of security firmware and back-end software, secure data management, enhancement of security protocols between connected objects and advanced encryption.
WISeKey’s patented technology that already protects millions of objects (luxury products, expensive wines, jewelry, collector’s items, high-end watches, art, etc.), now includes NFT applications supported by Digital Identification technology that protects, authenticates and proves the ownership of digital and tangible assets. The combination of Digital Identification with NFT will be a game changer in the proof of ownership of digital tangible assets. Big brands are already creating and trading NFTs: Nike used them to create digital shoes tied to real-world shoes, while Louis Vuitton uses NFTs to track the origin of luxury products. This trend is likely to continue in 2021, as fashion embraces the trend to represent physical assets in digital form. Imagine an asset, such as a luxury watch or a famous work of art that needs to be authenticated, the NFT digital asset can be used to prove ownership of the virtual and tangible object containing digitally signed information that is easily verifiable, making replication impossible. With this technology, creators can turn their products into NFTs for copyright ideas. Using NFTs to verify identity involves transforming physical objects into non-fungible tokens to prevent counterfeiting.
The NFT market is growing exponentially with the expansion of the NFT trade in all sectors, fueled by the need to stem the fraud and counterfeiting of works of art, but it is now being rapidly adopted by other industries that can benefit from a digital certificate. of non-clonable authenticity.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company that currently implements 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 protect the widespread computing that shapes the Internet of everything today. WISeKey IoT has an installed base of more than 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, cell phones, cryptographic tokens, etc.) ). WISeKey is uniquely positioned to be at the forefront of IoT, as our semiconductors produce a large amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications predict their equipment failure before that happens.
Our technology is trusted by OISTE / WISeKey’s Cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. WISeKey RoT serves 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 and investors:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
President
Tel: +41 22 594 3000
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WISeKey Investor Relations (USA)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
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