The JV will enable 140 million farmers to tune into the digital economy and the Internet of Things
Cybersecurity firm WISeKey has come together with a group of entrepreneurs to form a joint venture (JV) company, WISeKey India, to deploy its IoT and security platform to the Indian market.
Following on from the announcement made at the India Economic Summit in October this year, the JV is also supported by the agriculture organisation Indian Potash Limited (IPL) as both investor and partner. As a minority shareholder, IPL will facilitate the establishment of a WISeKey cybersecurity ecosystem in India to enable 140 million farmers -- WISeFarmers -- to use the WISeKey platform.
The technology will be used to trace the movement of a fertiliser bag from the factory/port to the farmer’s doorstep. The WISeKey India agreement with IPL also includes the localisation of WISeKey’s cybersecurity platform in India to serve several markets such as the IoT, cyber security and the authentication of objects.
The WISeKey India JV includes the development of a full Root of Trust and Public Key Infrastructure (PKI) for WISeKey India including a globally trusted certification authority under the Government of India campaign, Digital India Vision. The campaign has initiated various e-governance implementations across the country such as automation of income tax, passport, company law, e-procurement and bidding to help make India e-ready. PKI forms the backbone for all these initiatives.
As per the terms of the JV, WISeKey India will create a WISeKey Cryptographic Root of Trust in India for IoT manufacturers and chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices.
The first project with IPL is already under development for the use of semiconductor IoT chips and asymmetric keys to authenticate a very large number of products to be deployed in the country and will be delivered during 2017, leading to consolidated revenues of WISeKey of at least CHF20m in 2017.
During 2017, WISeKey NFC semiconductor chips with the WISeKey identity will be delivered to IPL to distribute to the 140m WISeFarmers. Such a chip is then to be inserted into the handsets of WISeFarmers without any tailored adaptation required.
WISeKey India will also deploy a private-label mobile application and service platform that provides near field communication (NFC) payment functions, pre-paid services capabilities, e-coupons, targeted advertising, as well as the management of and access to personal data by users.
The IPL platform will provide real time traceability to all products produced and distributed by IPL such as fertiliser bags as every object will have a digital certificate of authenticity. It is based on the principle of the traditional paper-based certificate, but instead of using a forgeable piece of paper, a non-duplicable digital certificate is stored on a cryptographic chip or Intelligent Trusted Code embedded into the fertiliser bag.
This allows manufacturers, distributors or resellers to directly engage with the WISeFarmer to prove the authenticity of the items to their customers, and of course, for the customers to securely engage with IPL and their ecosystem over the Internet.
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