WISeKey, Government of Andhra Pradesh partner on cybersecurity for Blockchain, fintech projects

HYDERABAD: Swiss cybersecurity and IoT company, WISeKey International Holding and the Government of Andhra Pradesh, India, have announced a collaboration to bring Security to Block Chain and Fintech Projects.

The objective has been to simplify processes and to further enhance cybersecurity in the wake of recent cybercrime attacks worldwide. Government of Andhra Pradesh has been proactive in ensuring that the sheer volume of citizen's information stored in various databases remain secure with the help of technology and technical expertise in the emerging field of blockchain provided by companies such as WISeKey.

The WISeKey Platform can be used to enhance the security of Citizens' Identity, 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 CEO, WISeKey.

"We are looking towards WISeKey to play a leadership role in providing cybersecurity for the various initiatives of the government, but also drawing out the vision for smart cities who want to go beyond IoT, automation and use "Deep Tech" algorithmic technology, said JA Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister of the Government of Andhra Pradesh.

"Andhra Pradesh will be one of the first states in the world which will be implementing the Block Chain Technology in the transportation department," said N. Balasubramanyam, CEO and e-Pragathi & Transport Commissioner for the Government of Andhra Pradesh.

In view of these collaboration opportunities, WISeKey is keen to setup its development center in Vizag, the 'Fintech Valley' in the state of Andhra Pradesh. With WISeID Blockchain technology only the user determines which identification attributes are shared with government, social media, credit cards, merchant sites etc.