Participating NGOs and Sustainable Development Organizations supporting Sustainable Development Goals to receive a free code required to build their own identity registration system and create their own apps based on www.wiseid.com
Geneva, Oslo - May 16, 2019 – WISeKey International Holding Ltd (“WISeKey” SIX: WIHN; OTCQX: WIKYY)), a leading Swiss cybersecurity, Blockchain and IoT company, announced today that during the “The Business for Peace Summit” held in Oslo, Norway on May 15, 2019, invited sustainable communities to cooperate in deploying a new UID system on the Blockchain to guarantee sustainable peace. As a member of The Blockchain Research Institute’s (BRI) special category of members, WISeKey is dedicated to pushing Blockchain technology forward.
Based in Oslo, Business for Peace is an international foundation that supports local business leaders achieve their purpose on improving society. Its annual Business for Peace Summit brings together business leaders, investors, leaders of Non-Profit Organizations (NGOs), politicians, academics, and civil societies from all over the world to discuss the practical actions needed to make substantial and sustainable business contributions to society. The summit supports the Sustainable Development Goals 2030 Agenda and the Nordic Springboard of the United Nations’ SDG Impact initiative.
The 2019 Business for Peace Summit “Navigating in a World of Imbalance” together with the SDG Impact Springboard event as a cornerstone, gathered Nordic investor support aiming to build momentum for an upcoming global event in Stockholm.
Last year, WISeKey, a pioneer in Digital Identification and Blockchain, unveiled its plan to create Digital Identity Blockchain Platform CertifyID, which is in line with the UN Sustainable Development Goals to provide every person on the planet with a Legal Digital Identity by 2030.
“For years, we have used digital identities to allow people to vote electronically, secure their financial transactions, access their health records and now we are moving towards a universal use of Digital Identities as more than 1.2 billion people in the world are unable to prove their identity and therefore lack access to vital services including healthcare, social protection, education and finance. The majority of people without a digital identity live in Africa and Asia and more than a third are children who are unregistered,” said Carlos Moreira, Founder and CEO of WISeKey.
“WISeKey is pioneering the way Blockchain and Digital Identity disrupt industries and decentralized Trust. At the heart of this industrial platform is the OISTE-WISeKey Cryptographic RoT which has been actively used since 1999 by over 4 billion desktops, browsers, mobile devices, SSL certificates and IoT devices sharing a universal ledger. The OISTE WISeKey Cryptographic RoT is ubiquitous and universal, and a pioneer in the creation of Digital Identities,” concluded Mr. Moreira.
Blockchain-based solutions aim to override the need for a central authority by distributing information previously held in a centralized repository across a network of participating nodes. While Blockchain is not owned by one individual or organization, anyone with an internet connection (and access, in the case of private Blockchains) can make use of it, help maintain and verify it. When a transaction is made on a Blockchain, it is added to a group of transactions, known as ‘blocks”. Each block of transactions is added to the database in a chronological, immutable chain. Each block is stamped with a unique cryptographic code, which ensures that records are not counterfeited or changed. The Blockchain approach lacks legal validity in most jurisdictions, which only recognize the digital signatures as equally valid that manuscript signatures when generated using traditional PKI technology.
One concrete application on the use of this new Trust protocol is WISeCoin. WISeCoin is a Trusted Distributed Ledger Technology of Identity used to store the identity of objects and peoples and offers connected objects the ability to identify, authenticate and verify each other with a digital certificate. During each interaction, the Blockchain of Identity verifies and validates each digital certificate to secure the interaction. To compensate the use of the platform, a micro service fee is charged through a utility token, called the WISeCoin token.
Participant NGOs and Sustainable Development Organizations supporting SDGs and in particular Goal 16: “peace, justice, and sustainable institutions aim to promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.” Within this is Goal 16.9, on identity: “by 2030, provide legal identity for all, including birth registration will receive at no cost the code required to build their own identity registration system and create their own apps based on www.wiseid.com.”