SEALSQ Unveils Crypto Wallet Security Enhancement to Combat Quantum Computing Threats, Critical to the Security of any Bitcoin Wallet Containing 128 Bits of Entropy
March 05 2024 - 9:25AM
SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in
semiconductor, PKI, and Post-Quantum technology development,
announced today the integration of an advanced crypto wallet
feature designed to safeguard Bitcoin wallets against potential
quantum computing threats. This cutting-edge feature enhances the
protection of the 12-word seed phrase, which is critical to the
security of any Bitcoin wallet containing 128 bits of entropy. For
more information visit:
https://www.sealsq.com/about/research-innovation/quantum-proof-cryptography.
With the rapid advancement of technology, the crypto community
has raised concerns about the future capabilities of quantum
computing to decrypt these crucial seed phrases, posing a serious
risk to the Bitcoin protocol. Recognizing this potential threat,
SEALSQ emphasizes the importance of advancing our understanding and
implementation of wallet signature security. This involves engaging
in both theoretical research and practical application through the
use of browser wallet security extensions.
Cryptocurrency transactions are inherently secure thanks to
blockchain technology, yet they remain a target for cybercriminals
adept at creating schemes to extract wallet key phrases. To counter
these efforts, SEALSQ has partnered with its parent company,
WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ:
WKEY) to develop a proof-of-technology for a crypto wallet on the
Hedera blockchain. This collaboration aims to bolster user
convenience by merging Public Key Infrastructure (PKI) signatures
with biometric authentication, thereby eliminating the reliance on
manually managed seed phrases.
The proof-of-technology initiative will investigate the
integration of seed phrase generation with WISeKey's Public Key
Infrastructure. By aligning seed phrase generation with users'
biometric signatures, the need to memorize and manage seed phrases
manually will become obsolete, significantly enhancing security and
user convenience.
WISeKey's Public Key Infrastructure represents a robust
authentication framework that combines the strengths of biometric
authentication with PKI digital signature technology, providing an
unmatched level of security and ease of use.In the rapidly evolving
landscape of quantum computing, SEALSQ is at the forefront of
innovation with its introduction of post-quantum semiconductors.
These cutting-edge chips are designed to significantly enhance
security, identification and data processing capabilities, ensuring
a leap forward in Artificial Intelligence (AI) performance,
security, and efficiency.
SEALSQ's portfolio, encompassing semiconductors, secure
elements, roots of trust, cryptographic keys, and hardware security
modules, demonstrates an unwavering commitment to technological
advancement and security. These innovations are essential in an era
where the AI divide is increasingly pronounced, and the need for
robust, quantum-resistant technologies has never been more
critical.
The demand for post quantum semiconductors technologies is
surging across various sectors, including fintech, defense, space
research, and more. This growth is further supported by government
initiatives and the contributions of major market players.
As the digital landscape evolves, SEALSQ and WISeKey are at the
forefront of developing technologies that ensure the security and
sovereignty of digital identities and assets. This latest
innovation not only addresses current security challenges but also
anticipates future threats, ensuring that users' digital assets
remain secure in an ever-changing technological environment.
For more information on this revolutionary security feature and
to download your digital identity, please visit
https://www.wiseid.com.
About SEALSQ:SEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing Post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, and IT Network Infrastructure,
to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks.
For more information please
visit www.sealsq.com.
Forward-Looking Statements
This communication expressly or implicitly
contains certain forward-looking statements concerning SEALSQ Corp
and its businesses. Forward-looking statements include statements
regarding our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ’s
ability to implement its growth strategies; SEALSQ’s ability to
successfully launch post-quantum semiconductor technology; SEALSQ’s
ability to capture a share of the quantum semiconductor market; the
growth of the quantum computing market; SEALSQ’s ability to expand
its U.S. operations; SEALSQ’s ability to enhance its production
facilities in the U.S. and France; SEALSQ’s ability to make
additional investments towards the development of a new generation
of quantum-ready semiconductors; the success of SEALCOIN; SEALSQ’s
ability to continue beneficial transactions with material parties,
including a limited number of significant customers; market demand
and semiconductor industry conditions; the growth of the quantum
computing market; and the risks discussed in SEALSQ’s filings with
the SEC. Risks and uncertainties are further described in reports
filed by SEALSQ with the SEC.
SEALSQ Corp 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.
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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