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WISeKey (WIHN.SW) Announces #Blockchain Centre of Excellence in #India

Appoints Bikramaditya Singhal to lead its AI & Blockchain Centre of Excellence

 

ZUG, Geneva & NEW DELHI - June 21, 2017 (Investorideas.com newswire) WISeKey International Holding Ltd (WIHN.SW) ("WISeKey"), a leading global cybersecurity company, today announced the launch of an Artificial Intelligence (AI) and Blockchain Centre of Excellence based out of India to support its global projects.

WISeKey India, a Joint Venture established by WISeKey in late 2016 with leading Indian entrepreneurs to deploy its IoT and cybersecurity platform to the Indian Market, appointed Bikramaditya Singhal as Head of the AI and Blockchain practice in India. Mr. Singhalis a researcher, trainer and consultant with over 8 years of industry related experience. Previously he worked extensively on Big Data Analytics, Machine Learning and AI for many years and is the author of "Spark for Data Science," a book that focuses on the integration of data science algorithms and techniques with the fast and scalable computing features of Spark to address big data challenges. Mr. Singhal is also writing a book on Blockchain analysis by providing in-depth technical understanding of how Blockchain works, so anyone can jump-start on their Blockchain initiative. He also has an active interest on Internet of Things (IoT) and Machine to Machine communication using Blockchain and AI.

Prior to joining WISeKey India, Mr. Singhal was with Microsoft, Broadridge, Tech Mahindra and Chelsio Communications, and is a co-founder of Mund Consulting, a company that focused on Big Data analytics and AI. He holds a Bachelor's degree in Computer Science from Eastern Academy of Science & Technology, Bhubaneswar, India.

WISeKey India will be working in expanding the reach of WISeKey AI project WISeAI –integrating the WISeKey Indian Root of Trust and IoT embedded devices with problem-solving AI solution into WISeKey's Vertical Platform.

While IoT remains wildly insecure, thanks to the integrated solution operated by the WISeKey Vertical Platform, IoT devices would be able to organize themselves into trusted networks based on mutual authentication, identity and integrity. This trusted cybersecurity platform will only enable IoT devices which can provide a recognized identity and a valid integrity report to communicate with peer devices that are part of the trusted community.

Carlos Moreira, CEO of WISeKey said "WISeKey has embarked on a journey to make Blockchain secure using the Cryptographic security standards, integrated with AI at the application and chip level. Our effort to establish these standards and deploy cybersecurity platforms in India is a significant step in that direction."

Adding AI at the chip level together with the WISeKey RoT it will allow the IoT to provide authenticated sensor data. Current IoT data do not provide value for their manufacturers unless it can be converted into actionable, contextualized information generated by IoT sensors fully identifiable. The majority of IoT devices are not built with embedded secured systems thus are very vulnerable. By integrating AI into the WISeKey RoT and Vertical Platform, objects can develop their own cybersecurity behaviour, thus making smarter and safer decisions. IoT objects with this technology will learn from attacks, defend them and transfer this intelligence via the WISeKey Vertical Platform to other IoT objects peer to peer using a Blockchain.

"We are thrilled to have Bikram join our team as we believe that talent for Blockchain is critical to our journey. We are currently working on two major projects in India: the WISeFarmer, a partnership with Indian Potash Limited established to create a Cybersecurity/IoT platform and an ecosystem connecting 140 million farmers and 200 companies using WISeKey Digital Identities, and WISeLight, a partnership with Bajaj Electricals established to create over 100 million digital identities for consumer and industrial products. Bikram's expertise in the field of Blockchain, AI and IoT will be very valuable to our team as we continue our expansion in India" added Amit Kumar, Managing Director of WISeKey India Joint Venture.

About WISeKey India

The WISeKey India presence is through a Joint Venture incorporation and deployment includes the development of a full Root of Trust and Public Key Infrastructure ("PKI") for WISeKey India including a globally trusted Certification Authority under the "Digital India Vision," a campaign launched by the Government of India that has taken major initiatives to make the country e-ready by initiating various e-governance implementations across the country like automation of income tax, passport, Company Law, e-procurement and bidding etc. Public Key Infrastructure forms the backbone for all these initiatives.

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 online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

To receive WISeKey's latest news, subscribe to our Newsletter or visit the WISeKey Investors Corner.

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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