WISeKey and SunX launch TouristID at the SunX Malta First Annual Climate Friendly Travel Think Tank
WISeKey and SunX launch TouristID at the SunX Malta First Annual Climate Friendly Travel Think TankGeneva, Switzerland – March 2, 2020: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, today announced that it in cooperation with SunX launched TouristID at the SunX Malta First Annual Climate Friendly Travel Think Tank. Tourist Digital Identity with Blockchain technology acts as a Digital Identity dual factor authentication-based technology that sits on top of a BlockChain. For more information visit: https://medium.com/@carloscreusmoreira/touristid-launched-in-malta-by-wisekey-and-sunx-at-the-sunx-malta-first-annual-climate-friendly-21a05cd7d06d.A Tourist Digital Identity with Blockchain technology acts as a Digital Identity dual factor authentication- based technology that sits on top of a BlockChain. The concept of a TouristID was launched in Malta at the SunX Malta First Annual Climate Friendly Travel Think Tank.The system is totally decentralized and can be operated at national or local level using a distributed identity ledger run by trusted parties spread across the BlockChain.WISeKey, a pioneer of Digital Identification and BlockChain, is already implementing digital identity blockchain projects in many countries.This new #TouristID BlockChain platform integrates state-of-the-art technologies related to Digital Identity and BlockChain which are in line with the United Nations’ Sustainable Development Goals aiming on providing every person on the planet with a solid and tamper-proof digital identity based on common, interoperable standards by 2030 and launched during the ID2020 Summit Harnessing Digital Identity for the Global Community’ held at the United Nations.This morning in Qawra, Malta, Hon. Julia Farrugia Portelli addressed members of the SunX Malta Climate Friendly Travel Think Tank on the Government of Malta’s commitment to establishing itself as a center for Climate Friendly Travel.The key takeaway from the meeting was that the eXistential Climate Crisis requires even more urgent action by the entire global Travel & Tourism sector than has been generally recognized to date.The Government of Malta, in its role as ally and partner, has committed to become a global Centre of Climate Friendly Travel. Malta’s Minister for Tourism and Consumer Protection, Hon. Julia Farrugia Portelli, was on hand to conclude the meeting and discuss the findings of the Think Tank.SunX Malta has been established through support from the Ministry for Tourism & Consumer Protection, and Malta Tourism Authority (MTA). On Monday 24th February they held the inaugural Climate Friendly Travel Think Tank, which gathered 35 international thought-leaders from across academia, industry, and government to debate the key issues on Climate Change in relation to Travel & Tourism. The goal was to review and update the first Climate Friendly Travel 2050 Ambitions Report which was released on the side-lines of the UN General Assembly in New York in September 2019.The Think Tank followed the core framework of Climate Friendly Travel: Measured to Manage; Green to Grow; 2050-proof to Innovate. Leslie Vella, Deputy CEO of MTA, and Chairman of SunX Malta, opened the event with an overview of why Malta has chosen to make itself a center for Climate Friendly Travel against the backdrop of pushing the existential nature of Climate Change on the UN Agenda starting in 1987.The key calls to action from the Think Tank were:The Climate Crisis is eXistential. All stakeholders including Transport, Hospitality, Travel Services, and Infrastructure Providers must urgently start the transformation in 2020 to get onto the Paris 1.5o trajectory within the next 7- 10 years. Governments, companies, communities and consumers, must all engage and take action now.“Climate Friendly Travel”. Under the banner of Climate Friendly Travel, the industry must adopt this as an imperative and the new norm.Fully transforming all modes of transport was seen as pivotal. SunX Malta’s call for a Moon-shot approach for aviation to further accelerate technological research and deployment was strongly supported, which must include the immediate distribution and rapid scaling up of currently available solutions to substantially reduce aviation fossil fuel reliance.Climate Financing. Citing the Green New Deal as an example, the Travel & Tourism sector must engage more actively with emerging Green Finance programs to be able to secure adequate funds for transformation. High quality offsetting of carbon impacts were seen as short-term transition instruments but totally inadequate as a long-term solution. In this context it was broadly believed that aviation action to date was falling behind the rapidly intensifying transformation need.Emerging innovations and technologies. Building refurbishment, cruise shipping, carbon reduction, waste to fuel transformation, developing consumer behavior and digital opportunities.The SunX Malta Climate Friendly Travel Registry of Ambitions was reviewed and endorsed, as was the initiative with WISeKey to develop an innovative consumer facing secure platform.Education of the Next Generation was underscored as a high priority with an emphasis on an accredited Graduate Diploma, from the Gozo Institute of Tourism Studies Campus. The SunX Malta 100,000 STRONG Climate Friendly Travel Champions and as well as its school’s program is a very positive step forward to support company and community transformation. Additionally, improving the research base was underscored on both decarbonization and sector resilience.Professor Geoffrey Lipman, President SunX Malta and President of the International Coalition of Tourism Partners (ICTP), said: “We must act now and we must act fast. We’re already seeing with the emerging Malta collaborative framework between Government and the Travel & Tourism Supply Chain, that a pioneering approach can achieve this. It can be replicated around the world, as States seek to fulfill their Paris Agreement Nationally Determined Contributions.”He added, “We are delighted that Malta has taken a leadership position on tacking the existential threat of Climate Change and creating a support framework for Travel & Tourism which can help companies and communities in the transformation required.About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit https://www.wisekey.com/.Press and investor contacts:Disclaimer:This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd 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.This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.