WISeKey’s VaultIC Microprocessor Secures Chilly Wallets and Provides Safety and Ease-of-Use for Bitcoin and Different Cryptocurrency Customers
For extra info go to: https://www.wisekey.com/products-services/secure-semiconductors/secure-elements/
ZUG, GENEVA, Switzerland – January 27, 2021- WISeKey Worldwide Holding Ltd (“WISeKey”, SIX: WIHN / Nasdaq: WKEY), a acknowledged chief in cybersecurity and IoT, immediately introduced that its semiconductor VaultIC secures Chilly Wallets with a contactless {hardware} that permits the pockets to supply safety and ease-of-use to Bitcoin and different cryptocurrency customers.
Chilly Wallets are the most secure choice to retailer non-public keys as these wallets will not be linked to the web and subsequently cut back the danger of being compromised. Chilly Wallets can’t be contaminated by pc viruses as a result of non-public keys by no means are available contact with network-connected gadgets or doubtlessly susceptible software program.
VaultIC is a household of tamper resistant safe chips with firmware that brings digital safety and cryptographic capabilities to Chilly Wallets and different cryptographic enabled gadgets, as a part of WISeKey’s scalable safety framework. These chips present configurable cryptographic providers for authentication, information confidentiality and integrity test. VaultIC affords a large bundle of ordinary, NIST-recommended cryptographic algorithms (equivalent to ECC, RSA, ECDSA, AES, SHA) and related key lengths. A licensed hardware-based True Random Quantity Generator enhances this set of options. VaultIC additionally supplies on-chip safe information storage for secret keys, certificates, and information. VaultIC comes with a wealthy software program atmosphere together with instruments for protected boot, safe firmware replace for IoT gadgets and safe communication (SSL/TLS) stacks.
Chilly Wallets protected by WISeKey VaultIC semiconductors present essentially the most safe solution to retailer Bitcoins or different cryptocurrencies by providing contactless entry to their non-public key and the power to make contactless transactions and funds. VaultIC secured Chilly Wallets use a mixture of Close to Subject Communication (“NFC”) know-how with extremely secured options supplied by the WISeKey Semiconductors.
Whereas the exchanges and software program wallets proceed to get hacked, the {hardware} Chilly Wallets have gained reputation as they’re offering essentially the most safe resolution for transaction and funds. VaultIC secured Chilly Wallets have now turn into contactless and customers can set up a number of non-public keys into the safe retailer utilizing the identical app and entry these non-public keys whereas making transactions in contactless mode.
To empower a seamless cryptocurrency enabled economic system, VaultIC is supplemented with extra WISeID extremely secured options (biometrics enabled variants additionally accessible), built-in alternate platforms, NFC-based contactless cost options, and so on.
Whereas all these safety and ease of use options are crucial, there have to be a correct restoration possibility for the pockets when the {hardware} storage is misplaced, damaged, or stolen. Thus, a backup copy of all non-public keys is saved within the army grade bunkers within the Swiss Alps with correct {Hardware} Safety Module (HSM) and complicated restoration mechanisms are in place for a dependable and constant Pockets resolution.
About WISeKey:
WISeKey (NASDAQ: WKEY; SIX Swiss Alternate: WIHN) is a number one world cybersecurity firm presently deploying massive scale digital identification ecosystems for individuals and objects utilizing Blockchain, AI and IoT respecting the Human because the Fulcrum of the Web. WISeKey microprocessors safe the pervasive computing shaping immediately’s Web of Every little thing. WISeKey IoT has an set up base of over 1.5 billion microchips in nearly all IoT sectors (linked vehicles, good cities, drones, agricultural sensors, anti-counterfeiting, good lighting, servers, computer systems, cellphones, crypto tokens and so on.). WISeKey is uniquely positioned to be on the fringe of IoT as our semiconductors produce an enormous quantity of Large Knowledge that, when analyzed with Synthetic Intelligence (AI), may also help industrial purposes to foretell the failure of their tools earlier than it occurs.
Our know-how is Trusted by the OISTE/WISeKey’s Swiss primarily based cryptographic Root of Belief (“RoT”) supplies safe authentication and identification, in each bodily and digital environments, for the Web of Issues, Blockchain and Synthetic Intelligence. The WISeKey RoT serves as a typical belief anchor to make sure the integrity of on-line transactions amongst objects and between objects and folks. For extra info, go to www.wisekey.com.
Press and investor contacts:
| WISeKey Worldwide Holding Ltd Firm Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 [email protected] |
WISeKey Investor Relations (US) Contact: Lena Cati The Fairness Group Inc. Tel: +1 212 836-9611 [email protected] |
Disclaimer:
This communication expressly or implicitly incorporates sure forward-looking statements regarding WISeKey Worldwide Holding Ltd and its enterprise. Such statements contain sure identified and unknown dangers, uncertainties, and different components, which might trigger the precise outcomes, monetary situation, efficiency, or achievements of WISeKey Worldwide Holding Ltd to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. WISeKey Worldwide Holding Ltd is offering this communication as of this date and doesn’t undertake to replace any forward-looking statements contained herein on account of new info, future occasions or in any other case.
This press launch doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, any securities, and it doesn’t represent an providing prospectus inside the that means of the Swiss Monetary Providers Act (“FinSA”), the FInSa’s predecessor laws or promoting inside the that means of the FinSA, or inside the that means of every other securities regulation. Buyers should depend on their very own analysis of WISeKey and its securities, together with the deserves and dangers concerned. Nothing contained herein is, or shall be relied on as, a promise or illustration as to the long run efficiency of WISeKey.
