WISeKey SA announced that is currently deploying large scale IoT digital identities for wearables using its Trusted near Field Communications (NFC) technology. This trusted technology integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers wearable devices such as smart watches, bands, ear-pods, jewelry, eyeglasses, contact lenses, etc. to become transactional devices.
It is estimated that the global wearables 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 secure transactions from wearable devices using trusted communications and authentication technology. WISeKey’s trusted NFC technology enables these wearable devices to safely connect and make secure payments and other transactions.
The WISeID NFCTrusted© can be embedded on 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 connected to the internet.
Embedding digital certificates into wearable with WISeID NFCTrusted© tags, using WISeKey Public Key Infrastructure and OISTE Global RootKey, enables consumers to interact securely with nearly any IoT object or transactions on a trusted manner.
NFCTrusted© authentication tags can 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, Founder CEO WISeKey.
WISeKey is a leading information security and identity management company, providing specialized security technologies for data protection, effective identification and authentication of people or objects over physical infrastructures, networks and the Internet to ensure secured communications and e-transactions without compromising trust. Established in 1999, and headquartered in Geneva Switzerland, WISeKey also has subsidiaries that solve advanced e-security issues for organizations in many sectors, including defense, health, education, finance and government. For more information, visit www.wisekey.com.