BASEL, Switzerland--(BUSINESS WIRE)--
WISeKey International Holding Ltd. (“WISeKey” SIX: WIHN), a Swiss based cybersecurity company, launched the 2nd generation of WIS.WATCH at Baselworld 2017. WIS.WATCH is a revolutionary technology mutation created by WISeKey for a completely new way of interaction between a human being and a watch allowing the watch to become the cryptographic key to the smartphone. This is the first NFC watch that sends a Secure Digital Identity via NFC to the WISeID app and activates the login process on the smartphone.
This 2nd generation of WIS.WATCH benefits from the technology of VaultIC, the business WISeKey acquired last year allowing it to integrate the software and microchips on the watch equipped with the same type of MicroChip that powers bank cards with the latest VISA, MasterCard, Discover and First Data Corporation specifications. These WISeKey’s award-winning Micropass® Intelligent payment platform offer advanced security, convenience and flexibility for multiple applications products along with other value-added applications.
Thanks to WISeID NFC technology, the WIS.WATCH can be used as a unique personal key identifier and trusted device to access smartphones, applications, and personal data and secured cloud storage. WIS.WATCH and WISeID together offer a unique experience of interconnected objects and strengthen personal security while simplifying the user experience. With the connected WIS.WATCH, people’s personal data, documents, and passwords remain safe and can also be securely encrypted and saved in the cloud.
The combination of WIS.WATCH and WISeID app allows users to securely backup their data online. This is handy should smartphone ever get lost or stolen, as users can configure their WISeID app so that after several failed attempts to access the secure data, the key will be wiped and data will be erased. The owner can restore the data from the secure cloud store into a new smartphone or a desktop WISeKey using the backup system activated by the WIS.WATCH.
The WIS.WATCH owners are now also able to make payments securely at the more than four million retail locations in 74 countries globally that accept MasterCard contactless transactions via the strategic partnership signed last year between WISeKey and MasterCard http://newsroom.mastercard.com/press-releases/mastercard-and-wisekey-to-bring-payments-to-luxury-brand-watches-and-wearables/.
The payment capability complements the secure access functions being embedded in the WIS.WATCH powered by WISeKey’s semiconductors technology is unique in the market. The secure access functions allow watch owners to unlock WISeID Mobile Application, which provides a unique user experience that protects personal digital assets encrypted on consumer smartphones or tablets by storing encrypted replicas of them in a secure cloud buried in a Swiss military bunker in the Alps.
WISeKey provides WIS.WATCH as a final consumer product with its own design and also as licensed technology to watch brands wanting to embed this technology on their watches. WISeKey has major luxury watch brands already using the WIS.WATCH technology to power high end watches now enquired with WISeKey cryptographic chips.
At the heart of this new WIS.WATCH strategy is the OISTE-WISeKey Cryptographic Root of Trust which has been actively used since 1999 by over 2.6 billion desktops, 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. All WIS.WATCH are equipped with this technology.
About WISeKey
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. 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 on-line transactions among objects and between objects and people.
You can see here a video on WIS.WATCH
https://www.youtube.com/watch?v=2bChHEEfy3g&feature=youtu.be&list=PL5WW3f45kHqj1GDVSmLLBXDLn9kZZRUTT
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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.
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