Deployment of the WISeKey India platform includes developing a full RoT public key infrastructure for several major initiatives including the Digital India Vision
WISeKey has raised $1.3m in an oversubscribed first round of seed financing. The investment is for WISeKey India, a joint venture established in late 2016 with leading Indian entrepreneurs to bring its Internet of Things (IoT) and cybersecurity platform to the Indian market.
WISeKey India will localise WISeKey’s cybersecurity platform and provide Indian customers – both individuals and organisations – trusted identities for IoT objects and mobiles, enabling them to complete secure online transactions with confidence, trust the identities of others, and the identities of the IoT infrastructure, said the cybersecurity firm. These transactions will run via localised root of trust (RoT), serve the Indian ecosystem, and will benefit sectors such as telecom, manufacturing, retail, and e-commerce.
“We are thrilled to close the first round of seed financing for WISeKey India to launch our trusted IoT infrastructure,” said Carlos Moreira, founder and CEO of WISeKey. “With this initiative, we will positively affect the lives of millions of people by providing an interoperable ‘environment’ allowing identification, authentication, and authorisation for billions of objects.”
The deployment of the India platform includes development of a full RoT public key infrastructure (PKI), a globally trusted certification authority applicable for several major initiatives of the Government of India, including the ‘Digital India Vision’ campaign. These programs will help make the country e-ready for various e-governance applications such as the automation of income tax, passport, corporate law, e-procurement, and contract bidding.
Under the terms of the Joint Venture, WISeKey will create a cryptographic RoT in India for IoT manufacturers and chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt communication and authenticate devices. The first project is already under development for the use of semiconductors IoT chips and asymmetric keys to authenticate a large number of products to be deployed in the country.
RoT serves as a common trust anchor, which is recognised by operating systems and applications, to ensure the authenticity, confidentiality and integrity of on-line transactions. With the cryptographic RoT embedded on the device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature-as-a-service to secure interactions among objects and between objects and people, said WISeKey.
At the heart of the initiative is the OISTE-WISeKey cryptographic RoT which it claims is incorporated in more than 2.6 billion of the 8 billion interconnected desktops, browsers, mobile devices, SSL certificates and IoT objects.
WISeKey India will also deploy a private-label mobile application and service platform that provides near field communication (NFC) payment functions, pre-paid services capabilities, e-coupons, targeted advertising, the management of and access to personal user data.
If you like this, you might be interested in reading the following:
Key piece of India’s cyber security ecosystem is put in place
The JV will enable 140 million farmers to tune into the digital economy and the Internet of Things
Digital security company has joined forces with Spanish-based Wellness Telecom to help prevent attacks on smart city networks
Cybersecurity firm WISeKey is helping the country position itself as a key player in the blockchain space