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WISeKey to Establish IoT Blockchain Center of Excellence in New York

By   /  February 10, 2017  /  No Comments

by Angela Guess

A new press release states, “WISeKey International Holding Ltd, a leading Swiss cybersecurity and IoT company announced today its intention to establish an IoT Blockchain Centre of Excellence (‘Center’) in the United States aiming to deploy a Trusted Blockchain as a Service platform. The WISeKey U.S. Centre will be located in New York and it will be operational in Q3 2017. The Center will offer a Blockchain Platform to US based enterprises, facilitating the rapid adaptation of on-board Blockchain based solutions and services. In 2016, WISeKey announced several strategic partnerships with global enterprises including SAP, MasterCard, Microsoft and Centurylink and is working with experts in industry, government, and academia to address the most relevant Blockchain developments with practical, standards-based solutions using available Blockchain technologies. In that regard, the New York based Center will conduct research, rapid pilot prototyping, co-creation of use cases and IP creation on Blockchain technology and platforms.”

Carlos Moreira, WISeKey’s CEO, commented, “The urgent need to secure IoT in the U.S. and globally, became more imminent following the distributed denial-of-service (DDoS) attack in October 2016, which was the largest of its kind in history. This massive assault on the US and European internet structure, affected millions of internet addresses and temporarily crippled the servers of popular services such as Twitter, Netflix, and PayPal. Additionally, what made this attack more dangerous was the primary source of the malicious traffic attack, was a malware called Mirai botnet, a simple malware program readily available online. While experts agree that IoT remains unsecure, this attack should serve as a wake-up call to quickly improve security. Thus far, a lot has been done to improve corporations’ ability to improve response once attacked, but there has been no real strategy to find a solution to prevent such attacks in the first place. WISeKey’s technology provides just that… a much needed solution to secure IoT and user identities and minimize risks.”

Read more at Business Wire.

Photo credit: WISeKey

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