WISeKey Announces Non-Flammable Signs (NFT) for Digital Identity Verification of Valuable Objects and Proof of Ownership of Digital and Tangible Assets
The acceleration of NFT is fueled by the need to curb fraud and counterfeiting in artworks, but is now rapidly being adopted by other industries that could benefit from a non-clonable digital certificate of authenticity.
Geneva – 18 March 2021 – WISeKey International Holding (“WISeKey”, SES: WIHN, NASDAQ: WKEY), a leading cyber security, AI and IoT company, today announced the development of its Non-Fungible Tokens (NFT) – application announced high-scalable blockchain infrastructure supported by proprietary digital identification technology that secures, verifies and proves ownership of digital and tangible assets.
WISeKey adds NFT capability to its WISeAuthentic platform (https://www.wisekey.com/wiseauthentic-blockchain/), which uses a patented method for the digital certification of authenticity of a physical object, and corresponding computer program and storage device, as well as the method used for the digital certification of 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 feature unique to the physical object, and the validity of the digital certificate of authenticity using a network computer verify the network computer working with the storage device and a validating or certifying authority to perform the validity of the digital authentication certificate, and where necessary, at the appropriate time, at a reasonable time.
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=
With a rich portfolio of more than 46 patent families, covering more than 100 fundamental individual patents, and another 22 patents under investigation, WISeKey continues to expand its digital tangible protection technology footprint in various fields, including the design of secure slides, near field communication (NFC), security firmware and backend software development, secure data management, enhanced security protocols between linked objects and advanced cryptography.
WISeKey’s patented technology that already secures millions of objects (luxury products, expensive wine, jewelry, collectibles, high watches, art, etc.), now includes NFT applications supported by Digital Identification technology that secures ownership of digital and, guarantee and prove tangible assets. The combination of digital identification with NFT will be a game changer to prove ownership of digital tangible assets. Major brands are already creating and trading NFTs: Nike has used it to create digital shoes paired with real shoes, while Louis Vuitton uses NFTs to track the origins of luxury goods. This trend is likely to continue into 2021 as fashion assumes the tendency to present physical assets in a digital form. Imagine that an asset, such as a luxury watch or familiar artwork that needs to be verified, the NFT digital asset can be used to prove ownership of the virtual and tangible object with digitally signed information that is easily verifiable, which making it impossible to repeat. With this technology, creators can turn their products into NFTs for copying ideas. Using NFTs to verify identity involves converting physical objects into non-fungible characters to prevent counterfeits.
The NFT market is now growing exponentially with NFT trading expanding in all sectors fueled by the need to curb fraud and counterfeiting in artworks, but is now rapidly being adopted by other industries that could benefit from a non-clonable digital certificate of authenticity.
About WISeKey
WISeKey (NASDAQ: WKEY; SES Swiss Exchange: WIHN) is a leading global cybersecurity enterprise that currently uses large-scale digital identity ecosystems for humans and objects by respecting Blockchain, AI and IoT for the Human as the core of the Internet. WISeKey microprocessors secure the pervasive computing that forms the Internet of everything today. WISeKey IoT has an installation 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, mobile phones, crypto tokens, etc. ). WISeKey is uniquely positioned to be on the edge of IoT, as our semiconductors deliver a large amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications predict the failure of their equipment before it happen.
Our technology is trusted by the OISTE / WISeKey’s Swiss Cryptographic Root of Trust (‘RoT’) provides secure authentication and identification, in physical and virtual environments, for the Internet of Things, Blockchain and artificial intelligence. The WISeKey RoT serves as a general trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information, visit www.wisekey.com.
Press and investment contacts:
WISeKey International Holding Ltd
Company contact: Carlos Moreira
Chairman and CEO
Tel: +41 22 594 3000
[email protected]
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
[email protected]
Disclaimer:
This notice 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 may cause the actual results, financial condition, performance or performance of WISeKey International Holding Ltd to differ materially from any future results, performance or performance expressed or implied by such forward-looking statements. WISeKey International Holding Ltd provides this notice from this date and does not undertake to make any forward-looking statements contained herein as a result of new information, future events or otherwise.
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