Home Blockchain WISeKey's WISeToken Utility Token, a Blockchain-Based Asset for Machine-to-Machine Interactions is Now Integrated into the Oracle Blockchain – GlobeNewswire

WISeKey's WISeToken Utility Token, a Blockchain-Based Asset for Machine-to-Machine Interactions is Now Integrated into the Oracle Blockchain – GlobeNewswire

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WISeKey’s WISeToken Utility Token, a Blockchain-Based Asset for Machine-to-Machine Interactions is Now Integrated into the Oracle Blockchain

WISekey has been working with Oracle since April 2019 when it became one of its first external trusted identity providers

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Carlos Moreira, Founder and CEO of WISeKey launched the expertise at Oracle’s March 4, 2021 webinarTime of Modern Finance: How AI Changes the Rule of the Game for Finance”

Geneva – March 5, 2021 – WISeKey Worldwide Holding Ltd (“WISeKey”, SIX: WIHN / Nasdaq: WKEY), a number one cybersecurity, AI and IoT firm, at the moment introduced that it has built-in its WISeToken utility token, a blockchain-based asset, for use by drones and robots to safe IoT interactions (drone-to-drone or people-to-drone) and to acknowledge and belief one another, into the Oracle blockchain.

The WISeKey Validation Service (the certificates’s validation authority), utilizing the WISeKey Public Key Infrastructure, analyses WISeToken digital certificates to acknowledge and belief the id of related machines akin to drones and robots after they work together with one another, and mitigate malicious actors and hackers from compromising these interactions.

WISeTokens are offered instantly by WISeKey as utility tokens and generate income as a hybrid product/service providing. WISeTokens will not be listed on secondary markets and are offered on a hard and fast value foundation thus will not be subjected to cost fluctuations.

The WISeKey Validation Service supply objects the power to ship to the validation authority the third get together’s public key and the digital certificates for validation. WISeKey checks that the corresponding public key holds a legitimate WISeToken and if that’s the case, the id is verified. With a view to obtain the verification, the thing making the request should maintain at the least one WISeToken in its pockets, which is legitimate for 12 months or 100 requests. WISeKey can, over time, alter the variety of utility tokens required to get verified, longevity of the token and entitled verifications per token.

The WISeKey Validation Service is used to confirm the authenticity of the thing’s digital id in actual time, thus guaranteeing safe use of digital identities for authentication of any object related to the web and the activation of attributes akin to digital signing, transactions, or knowledge transmission.

WISeKey’s platform is blockchain impartial and permits blockchain configurations to learn vastly by means of safe personal keys as a substitute of public keys presently used.  Personal keys safe knowledge and transactions, which may be solely carried out between authenticated events – thus making it a really viable possibility for any kind of IoT transaction conceivable. Objects outfitted with WISeKey’s Safe Aspect, known as VaultIC184, consists of a tamper resistant silicon chip, based mostly on a state-of-the-art safe microcontroller chip, which may be simply built-in to the gadget by its producers.

For extra info on WISeKey’s IoT safety choices please visits: https://www.wisekey.com/solutions/iot-connected-devices/iot-security/

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Change: WIHN) is a number one international cybersecurity firm presently deploying giant scale digital id ecosystems for individuals and objects utilizing Blockchain, AI and IoT respecting the Human because the Fulcrum of the Web. WISeKey microprocessors safe the pervasive computing shaping at the moment’s Web of Every thing. WISeKey IoT has an set up base of over 1.5 billion microchips in just about all IoT sectors (related vehicles, sensible cities, drones, agricultural sensors, anti-counterfeiting, sensible lighting, servers, computer systems, cellphones, crypto tokens and so forth.).  WISeKey is uniquely positioned to be on the fringe of IoT as our semiconductors produce an enormous quantity of Large Knowledge that, when analyzed with Synthetic Intelligence (AI), might help industrial purposes to foretell the failure of their tools earlier than it occurs.

Our expertise is Trusted by the OISTE/WISeKey’s Swiss based mostly cryptographic Root of Belief (“RoT”) offers safe authentication and identification, in each bodily and digital environments, for the Web of Issues, Blockchain and Synthetic 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 other people. For extra info, go to www.wisekey.com.

Press and investor contacts:

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

Disclaimer:
This communication expressly or implicitly incorporates sure forward-looking statements regarding WISeKey Worldwide Holding Ltd and its enterprise. Such statements contain sure identified and unknown dangers, uncertainties and different elements, which might trigger the precise outcomes, monetary situation, efficiency or achievements of WISeKey Worldwide Holding Ltd to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. WISeKey Worldwide Holding Ltd is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein because of new info, future occasions or in any other case.

This press launch doesn’t represent a suggestion to promote, or a solicitation of a suggestion to purchase, any securities, and it doesn’t represent an providing prospectus inside the that means of article 652a or article 1156 of the Swiss Code of Obligations or a list prospectus inside the that means of the itemizing guidelines of the SIX Swiss Change. Buyers 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 longer term efficiency of WISeKey.

 

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