WISeKey and Microsoft collaborate to support Rwandan Government make secure transactions using Blockchain Technology
GlobeNewswire
FOR IMMEDIATE RELEASE
WISeKey and Microsoft collaborate to support Rwandan Government make secure transactions using Blockchain Technology
Geneva, Kigali - October 11, 2017 - WISeKey International Holding Ltd ("WISeKey") (WIHN.SW), a leading global cybersecurity and IoT solutions company, announced a collaboration with Microsoft aimed at facilitating the Rwanda Government Blockchain project as the country journeys to becoming more digitised.
This solution incorporates WISeKey`s identity management capabilities with Microsoft Azure Blockchain capabilities to enable secure transactions, digital authentication and legally binding signatures - all aligned to the Rwandan Government`s Blockchain project.
The objective is to bring the Rwandan government and its private sector closer to realising the benefits of digital transformation with a more open, transparent and publicly verifiable system that will fundamentally change the way value-exchange, assets, enforcement of contracts, and sharing of data across industries will be experienced.
The Rwandan Blockchain project which was established earlier this year in partnership with WISeKey`s Blockchain Centre of Excellence aims to position the country as a key player in digital transformation by providing citizens and businesses access to policy, technical and business expertise which ultimately aims to facilitate growth in the country.
In the first phase, the Rwanda Land Registry will be digitised to ensure control of authenticity. Using WISeKey`s WiseID suite of mobile applications - a secure semiconductor solution - the system will digitally store necessary data to enable authenticity of identification and the validation of assets. Applying Azure`s capabilities will ensure that all personal data is protected and secured.
This solution will benefit the Government of Rwanda and any future Microsoft Azure and WISeKey client leveraging a broad portfolio of familiar and security-enhanced software, partner solutions, devices and services.
Microsoft has long been committed to enabling both the public and private sectors of the African continent to digitally transform. Becoming a technology partner to WISeKey`s solution seems to be a natural fit. Microsoft believes this collaboration will enable them to be a part of a solution that will facilitate private and public collaboration in Rwanda.
"We are delighted to form this new partnership with Microsoft by combining our technology to provide trusted blockchain solutions. This will cover technology gaps in the private and public blockchain infrastructure for enterprise and governmental projects, facilitate secure transactions and also verify the identity of the parties participating in these transactions, said Carlos Moreira, Founder and CEO of WISeKey.
"Microsoft is proud to be WISeKey`s technology partner of choice. We trust this solution will bring the Rwandan government and its private sector closer to realising the benefits of digital transformation with a more open, transparent, and publicly verifiable system that will fundamentally change the way value-exchange, assets, enforcement of contracts, and sharing of data across industries will be experienced," said Dr. Ashraf Abdelwahab, Chief Technical Officer, Microsoft 4Afrika.
About WISeKey: WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey`s Swiss based cryptographic Root of Trust ("RoT") provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com
WISeKey Investor Relations (US) Contact: Lena Cati The Equity Group Inc. Tel: +1 212 836-9611 lcati@equityny.com
Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: WISeKey International Holding SA via GlobeNewswire HUG#2141153
