Cyber security specialist WISeKey has made available its Cryptographic Root of Trust to Japanese IoT manufacturers and Chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices.
WISeKey as member of the Global Growth Partners Company of the World Economic Forum and member of the Global Council shares the views of the Forum that we are on the cusp of a fourth industrial revolution. In fact, at this week’s Annual Meeting of the New Champions in China, some experts even suggested we’re already living through it. “It’s not the next technological revolution – it’s already here,” said Klaus Schwab. During the event in Okinawa, Carlos Moreira, CEO and Founder of WISeKey will be debating these issues during the Session 1 C2 Industrial Efforts to Tackle Cyber Threats.
As with the three previous industrial revolutions, this one is about more than fancy new technology. The Spinning Jenny of the first industrial revolution didn’t just make it faster and easier to produce textile products – it fundamentally altered the Western world’s social landscape, from one dominated by small, rural craftsmen to factory workers and machine manufacturing. The third industrial revolution wasn’t just about personal computers and mobile phones – research shows it increased the amount of time children spent studying and professionals spent working, breaking down the age-old barrier between public and private life.
WISeKey is at the forefront on this 4th revolution as in the last months it has signed agreements with several leading companies such as Microsoft CitiNext, Dior, Hublot, Bulgari, HYT, Samsung, interested in using their Root of Trust to authenticate their IoT and connected objects and is in advance discussions with many more including NEC, GE, Jawbone, CISCO, etc.
The WISeKey/OISTE.ORG Root of Trust (RoT) serves as a common trust anchor, which is recognized by the operating system (OS) and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the Cryptographic Root of Trust embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature-as-a-service to secure interactions among objects and between objects and people.
At the heart of this 4th Industrial Revolution strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktop, browsers, mobile devices, SSL certificates and Internet of Things’ devices. The OISTE WISeKey Cryptographic Root of Trust is ubiquitous and universal, and a pioneer in the identification of objects.
It is estimated that the global wearable market will grow at an annual rate of 35% over the next five years. The rapid growth of the number of connected devices is driving the shift from the current traditional mobile payment method to highly secure transactions from wearable devices using trusted communications and authentication technology. WISeKey’s Cryptographic Root of Trust and NFCTrusted© technology enables these wearable devices to connect safely and make secure payments and other transactions.
The WISeID NFCTrusted© can be embedded in a connected device without requiring device modification or app downloads. WISeKey’s NFCTrusted© technology is an evolution of the WISeAuthentic solution that WISeKey has already deployed with several leading luxury brands, including over 1 million watches digitally tagged and for which WISeKey recently obtained a US patent. In February 2015, WISeKey and Bulgari launched the first ever intelligent mechanical watch using WISeKey’s NFCTrusted© technology, which allows the watch to execute payments and other transactions without using a mobile phone or other devices connected to the internet.
NFCTrusted authentication tags incorporate a WISeKey cryptographically secure digital certificate to prove authenticity. NFCTrusted© tags can be embedded in virtually any product, piece of equipment or common household item, and users can verify authenticity with an NFC-enabled smart phone, watch, connected device or other mobile device. This technology not only optimizes security and convenience, but also eliminates the need for special readers or other equipment for tag authentication by using proof of presence.
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