WISeKey International Holding, a leading, Swiss based, cyber security company announced that during the 2016 M&A Advisor’s International Financial Forum in NYC it presented its trusted technology for integrating wearable technology with authentication and identification, in both physical and virtual environments, by empowering IoT and wearable devices to increase security and become safe transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers.
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. “The combination of trust and convenience opens the door for the use of WISeKey’s NFCTrusted tags in diverse markets to support a variety of IoT applications,” said Carlos Moreira, CEO of WISeKey.
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