December 1, 2020: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company today announced the expansion of its local presence in India with the appointment of Vivek Singh as Sales Leader to bring fully integrated Artificial Intelligence of Things (AIoT) with microprocessors embedded with a Trusted Cryptographic Root of Trust (RoT) and problem-solving Artificial Intelligence (AI) solutions to the country. WISeKey’s IoT Cybersecurity Vertical Platform allows IoT devices to organize themselves into trusted networks based on mutual authentication, identity and integrity.
Government of India under its Digital India Vision has taken major initiatives to make the country e-ready by initiating various e-governance implementations across the country like automation of income tax, passport, company law, e-procurement and bidding, etc.
Public Key Infrastructure (PKI) and digital signatures form the authentication backbone for all these initiatives. PKI in India is controlled by the Controller of Certifying Authorities, Ministry of Information Technology, Government of India. Digital Signature Certificate for authentication is issued by the Certifying Authorities (CAs). While digitization has commenced in various department indicated above, complete digitization in public and private sector is only possible with the use of Digital Signature Certificates (DSC) and Public Key Infrastructure (PKI). Information Technology Act of 2008 provides necessary legal framework to support digitalization.
The WISeKey Identity and Blockchain Platform is already used in of Andhra Pradesh since 2017 https://cointelegraph.com/news/indian-state-of-andhra-pradesh-embraces-blockchain-for-protecting-citizen-information to enhance the security of citizens’ identity and position citizens at the center of gravity of government services using the WISeKey PKI based blockchain technology as the solution to secure government-recorded data.
“To have a pristine vision like putting the citizen at the center of gravity, and building all the infrastructure around this vision is the key to successfully empower citizens to unleash their full potential,” said Carlos Moreira, Founder and CEO, of WISeKey.
With the help of WISeKey, Andhra Pradesh, a state in the south-eastern coastal region of India, was one of the first states in the world implementing the WISeKey Identity on a blockchain technology in the transportation department under the leadership of N. Balasubramanyam, CEO and e-Pragathi & Transport Commissioner for the Government of Andhra Pradesh.
According to 6Wresearch, the India IoT market is projected to grow at a CAGR of 28.2% from 2016 to 2022. The Indian IoT market is largely dominated by Industrial IoT followed by consumer IoT and WISeKey is poised to be a market leader in region. WISeKey has the unique ability to authenticate and remotely manage millions of networked, automated devices and equipment in addition to providing digital identities for these devices, objects and even people.
Current market conditions have accelerated the needs in India as well as around the globe for rapid digital transformation with security concerns being at the forefront of the transformation. WISeKey’s unique solutions and managed services provide a seamless path to the successful digital transformation and will empower the Industrial IoT movement.
WISeKey’s Chief Revenue Officer, Ben Stump, commented, “The market in India is moving at a rapid pace towards integration of solutions for the IoT. WISeKey can leverage its in region success and local presence to help businesses and integrators alike to deliver world class solutions for IoT bringing digital identities, secure data communications and artificial intelligence together to solve an endless array of business problems.”