WISeKey's Semiconductors, NFTs, Post Quantum and Blockchain Solutions Secure Smart Cities
WISeKey’s Semiconductors, NFTs, Post Quantum and Blockchain Solutions Secure Smart Cities
Carlos Moreira, WISeKey’s Founder and CEO, discussed at the “Imagination in Action 2023, the Year of AI” event in Davos how the “post-quantum cryptography toolbox will help to protect against the security threat posed by quantum computers, allowing hybrid solutions no later than 2025 to convert smart cities into “cybersecurity hubs” in collaboration with MIT Connection Science, Forbes, and Link Ventures
Geneva, Switzerland – February 8, 2023: WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity, AI and IoT company, announced today that its security chips are being used to protect all sort of IoT devices connecting Smart Cities, such as #drones and their captured images, satellite communications and logistics sensors. These semiconductors, when placed on any object, securely issue NFTs to authenticate and track the object, much like an embedded ePassport, and confirm the identity of the object on the Blockchain ledger.
Smart Cities benefit from the billions of WISeKey’s secure chips already embedded in high-tech products and goods to protect data, communication and firmware against cyberattacks. These include routers, modems, traffic lights, 5G equipment, energy smart meters, drones and medical devices, to mention a few.
Smart cities rely on interconnected communication networks, meaning that a security breach on one system can affect the whole city. IoT can help secure smart cities by implementing the following measures:
In order to make use of post quantum chips, a city’s systems must be upgraded to include quantum-resistant encryption algorithms, which can be integrated with existing systems. This would allow for faster, more secure data transmission between different smart city systems. Additionally, post quantum chips can help strengthen network credibility by ensuring that all data transmitted is cryptographically secure and cannot be altered or accessed without the correct key.
Finally, post quantum chip-based systems are designed with an emphasis on resilience, which is key for smart cities that rely on other connected “things” such as sensors, cameras, and software applications. A resilient system can quickly identify and manage errors or address malicious activities, thus keeping a city safe from potential cyber-attacks. The added protection provided by post quantum chips also allows a city to implement more complex cybersecurity measures.
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