WISeKey showcased at Davos Blockchain Hub Progress made in deploying its WISeID metaverse
WISeKey International Holding Ltd, a global cybersecurity, blockchain and IoT platform leader, discussed the progress made in the development of the WISeID Metaverse at its Davos 2023 event, held on January 18, 2023.
WISeID Metaverse’s mission is to develop a reliable, secure and versatile open source engine that anyone can use to create interoperable identities and crypto wallets under user control and consent.
WISeKey is working with OISTE.ORG and multiple blockchains to define best practices in digital identity and crypto wallet technology through collaboration on open source code that can be used as a starting point for anyone striving create interoperable, secure and privacy-protecting systems. Identification Metaverse.
During the event, Carlos Moreira, Founder and CEO of WISeKey, explained how avatar-enhanced digital identities will allow us to navigate the metaverse using his WISeID technology, delegating the company’s presence on the metaverse. to authenticated versions of ourselves created via machine learning that would navigate and do everything. all kinds of transactions on our behalf.
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Digital identities should be under the control of the user rather than under the control of the platform for several reasons:
- Users have the ability to keep their personal information private and secure. Platforms, on the other hand, can use user data for their own benefit or share it with third parties without the user’s consent.
- Users maintain identity continuity across different platforms, rather than being forced to create multiple identities across different platforms.
- Promotes competition between platforms, as users will be able to easily move their identity from one platform to another.
WISeID first generation acts as a trusted identity service that provides access to web and mobile applications with strong authentication techniques. WISeID supports online KYC integration, OTP and digital certificate login, as well as an innovative “hands-free” secure login based on QR codes that users can read using the software suite. WISeID mobile applications without even having to enter a password.
WISeID is an innovative approach to personal identity capable of protecting online interactions for individuals and businesses. WISeID provides users with a digital identity that can be used to secure email communication, digitally sign documents with legal validity and is complemented by features such as two-factor authentication and single sign-on. WISeID is based on the WISeKey/OISTE root of trust and integrates innovative blockchain technologies to distribute identity attributes and build federated ecosystems. WISeID supports online KYC integration, OTP and an innovative “hands-free” secure login based on QR codes that users can read using “My WISeID” mobile app without even having to enter password. Additional security services include digital signature services for documents
Additional security services include digital signature services for documents. WISeID implements standards such as OpenID Connect and OAUTH2, which can be easily integrated by customers to improve the security of their cloud applications. WISeID can also be combined with Microsoft Active Directory, facilitating integration with enterprise applications.
WISeID second generation digital identities in the metaverse include an in-protocol identification module, while additional applications will be developed. Users will have autonomy over their identity, which means that they will have full control of their personal identification information and therefore will not need to rely on a central entity or a third party for verification of their identity. . With a true NFT identity, users can create, sign, and verify claims, while parties who interact with a user will be able to prove their identity. In addition, users will be able to selectively disclose their information.
Users can build reputation on Metaverse through digital identities, improving how we exchange value. Value is exchanged through digital signatures, verification requests, and transactions; these transactions then allow a user to gradually build a reputation that can be inspected and verified by other digital identities and valuable intermediaries.
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