A new Digital Identity platform, “SeyID,” will be delivered by WISeKey International Holding Ltd.
(“WISeKey”) (SIX: WIHN, NASDAQ: WKEY) is a holding company that operates as a cybersecurity, digital identity, and Internet of Things (IoT) innovator to the Government of Seychelles.
SeyID will be integrated with various national programmes focusing on eHealth, eTourism, and eGovernment.
Significant advancements in secure access and identity verification have occurred since the SeyID project, which is based on WISeKey’s WISeID platform for digital identity and online security, was successfully launched. When granting access to online and mobile apps, WISeID, a reliable identity provider, uses robust authentication methods.
Read also: The ultimate guide to understanding cryptocurrency: A road map
WISeKey SeyID Platform benefits
WISeID enables efficient online Know Your Customer (KYC) onboarding, an innovative “hands-free” secure login using QR codes, and one-time password (OTP) authentication. With the SeyID mobile app, users can quickly gain secure access without passwords.
To round out their approach to internet security, WISeID also provides digital signature services for documents. Using state-of-the-art blockchain technology, WISeID strengthens the security infrastructure by distributing identity attributes and building federated ecosystems. It is built upon the WISeKey Root of Trust.
The SeyID Platform has undergone further development and now incorporates an e-wallet, allowing users to store their national ID and driver’s licence safely. This feature does away with the necessity to carry these documents physically.
The app creates an electronic ID with a QR code for safe third-party authentication (for things like opening a bank account or dealing with law enforcement). The dedication of SeyID to offering a safe, effective, and technologically sophisticated solution for digital identification and transactions is highlighted by this comprehensive strategy.
With the next upgrade to WISeKey set to launch in the middle of 2024, a “Document Wallet” will be added. This will enable the government to send citizens digital documents securely. When added to SeyID’s current document signing feature, this will significantly reduce the country’s reliance on paper documents.
What to know about WISeKey
One of the most prominent names in cybersecurity, digital identity, and Internet of Things solutions is WISeKey International Holding Ltd (“WISeKey”); the company is listed on SIX: WIHN and Nasdaq: WKEY. The holding company is based in Switzerland and runs its business through several operational subsidiaries, each focusing on a different technology area. I. SEALSQ Corp (Nasdaq: LAES), a semiconductors and post-quantum technology product company; (ii) WISeKey SA, an industry leader in secure authentication and identification solutions for the Internet of Things (IoT), blockchain, and artificial intelligence; (iii) WISeSat AG, a space technology company specialising in secure satellite communication for IoT applications; and (iv) WISe.ART Corp is a trusted blockchain NFT specialist and operator of the WISe.ART marketplace for secure NFT transactions is among the subsidiaries.
Read also: Threads surpasses 150 million monthly users
While concentrating on their areas of expertise and research, WISeKey’s subsidiaries all work together to secure the Internet. The WISeKey platform is all-inclusive, and their technologies fit right in. WISeKey protects digital identity ecosystems by interfacing with Blockchain, AI, and the Internet of Things. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey is vital in securing the Internet of Everything.
By analysing the valuable Big Data generated by the company’s semiconductors with AI, predictive equipment failure prevention can be achieved. Secure identification and authentication for applications in the IoT, Blockchain, and AI is provided by WISeKey, which is trusted by the OISTE/WISeKey cryptographic Root of Trust. When two parties conduct business online, the WISeKey Root of Trust protects both parties. Go to www.wisekey.com to learn more about WISeKey’s plans and the businesses that make them up.
