WISeKey leads JV
Swiss Exchange listed WISeKey International Holding Ltd and a group of successful entrepreneurs are establishing a Joint Venture to deploy WISeKey IoT and Cybersecurity Platform to the Indian Market.
The partners, having built and sold multiple companies in India and US, have signed a Memorandum of Understanding (MoU) for the venture.
WISeKey reached an agreement that would result in the localization of WISeKey’s Cybersecurity Platform in India to serve several markets such as IoT, Cybersecurity and Authentication of objects.
Some of the segments that will benefit from the WiseKey platform are telecom, manufacturing and retail including e-commerce.
The WISeKey India Joint Venture incorporation and deployment includes the development of a full Root of Trust and Public Key Infrastructure (PKI) for WISeKey India.
WISeKey is currently deploying large scale IoT digital identities for objects including watches, sensors, mobile phones, laptops and wearables using its Cryptographic Root of Trust and VaultIC© Semiconductors IoT technology.
The Root of Trust (RoT) serves as a common trust anchor, which is recognized by the operating system (OS) and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions.
WISeKey India will also deploy a private-label mobile application and service platform that provides Near Field Communication (NFC) payment functions, pre-paid services capabilities, e-coupons, targeted advertising, as well as the management of and access to personal data by users. fii-news.com
