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

 
   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 introduced the technology at 
Oracle's March 4, 2021 webinar " 
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Time of Modern Finance: How AI Changes the Rule of the Game for Finance" 
 
   Geneva -- March 5, 2021 -- WISeKey International Holding Ltd ("WISeKey", 
SIX: WIHN / Nasdaq: WKEY), a leading cybersecurity, AI and IoT company, 
today announced that it has integrated its WISeToken utility token, a 
blockchain-based asset, to be used by drones and robots to secure IoT 
interactions (drone-to-drone or people-to-drone) and to recognize and 
trust each other, into the Oracle blockchain. 
 
   The WISeKey Validation Service (the certificate's validation authority), 
using the WISeKey Public Key Infrastructure, analyses WISeToken digital 
certificates to recognize and trust the identity of connected machines 
such as drones and robots when they interact with each other, and 
mitigate malicious actors and hackers from compromising these 
interactions. 
 
   WISeTokens are sold directly by WISeKey as utility tokens and generate 
revenue as a hybrid product/service offering. WISeTokens are not listed 
on secondary markets and are sold on a fixed price basis thus are not 
subjected to price fluctuations. 
 
   The WISeKey Validation Service offer objects the ability to send to the 
validation authority the third party's public key and the digital 
certificate for validation. WISeKey checks that the corresponding public 
key holds a valid WISeToken and if so, the identity is verified. In 
order to receive the verification, the object making the request must 
hold at least one WISeToken in its wallet, which is valid for 12 months 
or 100 requests. WISeKey can, over time, adjust the number of utility 
tokens required to get verified, longevity of the token and entitled 
verifications per token. 
 
   The WISeKey Validation Service is used to verify the authenticity of the 
object's digital identity in real time, thus ensuring secure use of 
digital identities for authentication of any object connected to the 
internet and the activation of attributes such as digital signing, 
transactions, or data transmission. 
 
   WISeKey's platform is blockchain neutral and allows blockchain 
configurations to benefit greatly by the use of secure private keys 
instead of public keys currently used.  Private keys secure data and 
transactions, which can be only conducted between authenticated parties 
-- thus making it a very viable option for any sort of IoT transaction 
imaginable. Objects equipped with WISeKey's Secure Element, called 
VaultIC184, consists of a tamper resistant silicon chip, based on a 
state-of-the-art secure microcontroller chip, which can be easily 
integrated to the device by its manufacturers. 
 
   For more information on WISeKey's IoT security offerings please visits: 
https://www.wisekey.com/solutions/iot-connected-devices/iot-security/ 
 
   About WISeKey 
 
   WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global 
cybersecurity company currently deploying large scale digital identity 
ecosystems for people and objects using Blockchain, AI and IoT 
respecting the Human as the Fulcrum of the Internet. WISeKey 
microprocessors secure the pervasive computing shaping today's Internet 
of Everything. WISeKey IoT has an install base of over 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 at the edge of IoT as our semiconductors 
produce a huge amount of Big Data that, when analyzed with Artificial 
Intelligence (AI), can help industrial applications to predict the 
failure of their equipment before it happens. 
 
   Our technology is Trusted by the OISTE/WISeKey's Swiss based 
cryptographic Root of Trust ("RoT") provides secure authentication and 
identification, in both physical and virtual environments, for the 
Internet of Things, Blockchain and Artificial Intelligence. The WISeKey 
RoT serves as a common trust anchor to ensure the integrity of online 
transactions among objects and between objects and people. For more 
information, visit www.wisekey.com. 
 
   Press and investor contacts: 
 
 
 
 
WISeKey International Holding Ltd  WISeKey Investor Relations (US) 
 Company Contact: Carlos Moreira    Contact: Lena Cati 
 Chairman & CEO                     The Equity Group Inc. 
 Tel: [phone]               Tel: [phone] 
 [e-mail]                   [e-mail] 
---------------------------------  ------------------------------- 
 
   Disclaimer: 
 
   This communication expressly or implicitly contains certain 
forward-looking statements concerning WISeKey International Holding Ltd 
and its business. Such statements involve certain known and unknown 
risks, uncertainties and other factors, which could cause the actual 
results, financial condition, performance or achievements of WISeKey 
International Holding Ltd to be materially different from any future 
results, performance or achievements expressed or implied by such 
forward-looking statements. WISeKey International Holding Ltd is 
providing this communication as of this date and does not undertake to 
update any forward-looking statements contained herein as a result of 
new information, future events or otherwise. 
 
   This press release does not constitute an offer to sell, or a 
solicitation of an offer to buy, any securities, and it does not 
constitute an offering prospectus within the meaning of article 652a or 
article 1156 of the Swiss Code of Obligations or a listing prospectus 
within the meaning of the listing rules of the SIX Swiss Exchange. 
Investors must rely on their own evaluation of WISeKey and its 
securities, including the merits and risks involved. Nothing contained 
herein is, or shall be relied on as, a promise or representation as to 
the future performance of WISeKey. 
 
 
 
 

(END) Dow Jones Newswires

March 05, 2021 12:00 ET (17:00 GMT)