Leading cybersecurity company WISeKey has announced two new partnerships – one aiming to enable real-time accountability and traceability in enterprise processes using blockchain technology, and the other to integrate cybersecurity into blockchain applications.

The company has partnered with blockchain startup Stratumn to provide enterprise grade process security software based on blockchain technologies. Stratumn is a pioneering software security company and the inventor of Proof of Process Technology – which reduces the complexity of interactions between partners, customers, auditors and regulators, thereby reducing operational frictions and costs  by enabling traceability, data integrity and on-demand transparency.

“We are pleased to partner with Stratumn, a pioneer in blockchain technology. Through our partnership with Stratumn we will offer corporations around the world a secure and trusted way to communicate and build relationships with clients and partners, minimize risks and maximize growth potential by integrating our Virtual Trust Platform with blockchain”, Carlos Moreira, CEO of WISeKey noted.

“Public blockchain networks rely on algorithms such as Proof of Work to align the economic incentives of participants. This is a property of a blockchain in which participants do not know each other,” explains Richard Caetano, CEO of Stratumn. “Enterprises today have much different security requirements as contractual agreements and regulations require companies to know and trust the identity of their clients, suppliers and partners. Identity management and strong authentication are key components to ensure accountability and traceability in processes where multiple participants are involved. As a Root of Trust certificate authority, WISeKey provides Stratumn with a fundamental component to Proof of Process.” 

Partnership with Lykke

During the Davos Internet of Value Blockchain RoundTable, WISeKey and Lykke Corp, a Swiss-based digital exchange company, announced a joint agreement to integrate and co-offer their flagship products: the Lykke Wallet and the WISeKey suite of software, APIs, and servers, to secure access to data and devices in the world.

Lykke will integrate the WISeKey identity and security stack into its digital wallets and software, while WISeKey, in addition to its WISWatch and other security devices, will offer a “WISeKey wallet by Lykke” to its customers.

“The combination of these two technologies is very powerful,” says Richard Olsen, CEO of Lykke. “It will give our customers, both individuals and our large enterprise customers, private key protection and management as a built-in part of the Lykke platform. This is very much part of the Lykke vision, and WISeKey is a perfect partner for us.”

“We’re very happy to integrate the Lykke trading ecosystem into our suite of products. This is going to make it easier to buy what you want, use and pay for services as you need them, and transfer money securely without passwords and other insecure forms of identification”, Carlos Moreira, CEO of WISeKey, added.