Wisekhey Iincorporates WISeKey Gibraltar
As part of Phase II of his GLL4iR.COM draft, Wisekey is localizing your technology using one of Gibraltar’s data centersAhem strengths connected to WISeKey‘s Swiss Mountains Data Fortress
Geneva, Switzerland – April 11, 2022 – WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), a Swiss-based AI, IoT and cybersecurity platform company, today announced that it has incorporated WISeKey Gibraltar Ltd. ( “WISeKey Gibraltar”), a 100% owned subsidiary of Gibraltar.
WISeKey’s goal with the addition of WISeKey Gibraltar is to launch Phase II of the Gibraltar 4th Industrial Revolution Center The GLL4iR.COM Line. Phase I concluded with the launch of the WISeSats IoT satellites with Space X. As part of Phase II of the project, WISeKey Gibrlatar is set to launch a secure gateway to the metaverse from Gibraltar, in a bid to see the Rock become become a major player in this burgeoning new technology sector. Phase II of GLL4IR.com was announced earlier this month during a presentation at the Hassans Law Firm.
In 2021, WISeKey announced the signing of two Memoranda of Understanding (MoU) with Mr. Fabian Picardo, Chief Minister of Gibraltar and Mayor of La Línea de la Concepción, Mr. Juan Franco, for the development of a joint 4the Center of Excellence of the Industrial Revolution that leads innovation in the region.
As part of Phase II of the project, WISeKey is localizing its technology using one of the Gibraltar Data Center Fortresses connected to WISeKey’s Swiss Mountains Data Fortress. Gibraltar literally offers an impregnable fortress for data centers. These facilities are used by cybersecurity, banking and electronic gaming companies. With the technology provided by WISeKey Gibraltar to GLL4ir.com, WISeKey will guide the diversification of Gibraltar into other types of businesses benefiting from the 4th Industrial Revolution and the Metaverse.
the 4the The Industrial Revolution changes the dynamics of technology and the value creation chain, cross-border collaboration, and the way companies integrate their research and technology to create value for their customers. New business and cooperation models emerge through the integration of business partners and customers. The business model of the joint 4IR Center of Excellence is to help innovative startups in areas such as AI, blockchain, IoT, satellite, IoT, drones, cybersecurity and quantum to conduct collective R&D activities, promote their technologies internationally , facilitate the rapid adaptation and incorporation of 4IR-based solutions, foster stronger collaboration between the public, private and academic sectors, and cooperate to ensure that the latest technology standards are available in a secure and reliable manner.
Recent developments have forced governments around the world to take steps to quickly understand how Metaverse, this new frontier of innovation, with data being stored in Metaverse virtually anywhere in the world and government employees and citizens using technology systems of information hosted and operated from anywhere (even outside its jurisdiction), the expected sovereign rights on that date in the Metaverse must be reconsidered. Many information technology companies tell governments that their versions of the Metaverse will be enough to ensure sovereignty over their data and citizens. Others claim that new legislation is needed to protect citizens. In short, the solutions they propose are partial and unsatisfactory.
WISeKey has been at the forefront of balancing technology, law, policy and geopolitics from its headquarters in Switzerland for over 23 years. Over the years, WISeKey has developed solutions to the problems of state sovereignty and the challenges posed by technology, including now the metaverse, which can be defined as a virtual world where citizens can simultaneously exist and interact in infinite ways. ways with their government services and with each other. Citizens can use their digital identities to conduct Metaverse government transactions like voting, paying their taxes, getting married, while also doing private activities like working, meeting, collaborating, shopping, walking, watching movies and concerts, and just about anything else. something else they could do in the real world.
The metaverse is a great way for governments to interact with their citizens and the next step in the evolution of the Internet from a two-dimensional interactive experience to a three-dimensional immersive experience. Governments should take seriously the future opportunity that the metaverse represents. The metaverse will introduce completely new ways, for example, to create employment, provide education, provide health care and plan urban spaces. It will be the next great labor organization platform. The new organizations, products, and services will take care of everything from payment processing to identity verification, recruiting, ad serving, content generation, and security. The Metaverse is based on Web 3.0, also known as the decentralized web, it is an evolution of the Internet that allows users to interact with each other in a more secure and private way. It does this by using blockchain technology to create a peer-to-peer network where users can transact without relying on intermediaries. This makes it ideal for developing virtual worlds, as it provides a platform for users to interact without fear of censorship or data theft.
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently implementing large-scale digital identity ecosystems for people and things using Blockchain, AI, and IoT while respecting the human as the Internet’s foothold. . WISeKey microprocessors ensure the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an installed base of over 1.6 billion microchips in virtually every IoT sector (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens, etc.) . WISeKey is uniquely positioned to be at the forefront of IoT as our semiconductors produce a wealth of Big Data which, when analyzed with Artificial Intelligence (AI), can help industrial applications predict their equipment failure sooner. of it happening
Our technology is trusted by OISTE/WISeKey, the Swiss-based Cryptographic Root of Trust (“RoT”), providing secure authentication and identification, both in physical and virtual environments, for Internet of Things, Blockchain and Intelligence artificial. WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information, visit www.wisekey.com.
Press and investor contacts:
WISeKey International Holding Ltd
Company contact: Carlos Moreira
President and CEO
Telephone: +41 22 594 3000
WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Phone: +1 212 836-9611
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