Cybersecurity Firm WISeKey Unveils Blockchain-Based ID Solution for IoT Devices March 29, 2019 March 29, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 29, 2019 by Kelly Cromley

Cybersecurity Firm WISeKey Unveils Blockchain-Based ID Solution for IoT Devices

WISeKey, the Swiss based cybersecurity and blockchain firm, has issued a press release which reveals the introduction of a new blockchain-based digital identity tool to safe guard Internet of Things (IoT) gadgets and their information.

With the implementation of a cryptographic solution named Root of Trust (RoT), WISeKey itends to provide safe verification and discerning tools for individuals and smart gadgets. WISeKey IoT asserts to have an installation base of more than 1.5 billion safe microchips covering “nearly all IoT sectors,” ranging from linked “carts and smart cities to drones and crypto tokens.” RoT is presently ingrained in 4 billion devices worldwide, the news report contends.

The latest tool, named SensorsID, will be released as a subordinate of the WISeKey RoT and will act as a supposed robust electronic identity tool combining a blockchain solution with two tier verification steps to safeguard smart gadget recognition and data dealings.

SensorsID is a new gadget-centered distinction tool that complements WISeKey’s prevailing private and mobile electronic distinction solutions, respectively christened CertifyID and WISeID. All three are aimed at enabling powerful verification, electronic signing and encryption.

The news report summarizes that reputable groups can function the SensorsID BlockChain at domestic and national level. WISeKey suggests that combining blockchain, IoT and rigorous security tools can increase efficiency across a variety of consumer and industrial programs, such as:

“An intelligent car with a system processing authenticated data for each of the vehicle components, being able to detect if/when different parts will require service and to digitally sign all the logs required to prove that service was provided. This platform can be used in […] smart homes with connected appliances, and provid[e] critical communication between devices.”

WISeKey additionally discusses how its variety of digital ID tools and chips is structured to showcase safe storage, cryptographic computations and electronic signatures to perform delicate estimations, and to deter leakage to intermediates of device data such as energy consumption trends or electromagnetic leaks.

Back in February, as portion of a new collaboration with the Blockchain Research Institute, WISeKey established a Blockchain Center of Excellence in Geneva. The latter aims to establish comparable centers in all five continents— each centered on helping blockchain firms accelerate the implementation of technology in the government and private sectors.

Also recently, WISekey confirmed the unveiling of its Global Blockchain Center in Malaysia as portion of its collaboration with a Malaysian tech investment arm owned by Censof.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.