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Bilwee selects WISeKey’s WISeID technology to help Argentine companies securely complete business transactions using IBM Blockchain Hyperledger technology
Geneva – November 11, 2020 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity and IoT company, has signed a partnership agreement with Bilwee, an automated collection and management platform company Argentina-based payments system, which has developed a platform that provides Argentine businesses the ability to maintain cash flow and liquidity through the cancellation of debtors’ invoices. Through this agreement, using WISeKey’s WISeID digital identification and security platform, companies will be able to protect their transactions carried out in it, which consist of uploading invoices to the cloud and securely completing payments to then be canceled between debtors and creditors.
Argentine businesses use Bilwee’s digital platform to pay off their debts without the need for cash payments. The strategic collaboration with WISeKey, through the integration of the WISeID digital identity platform, adds a high level of security to these transactions. WISeKey’s cryptographic Root of Trust offers businesses the ability to conduct secure transactions and also paves the way for the subsequent use of IBM Blockchain Hyperledger technology, not only when these transactions are uploaded to the cloud but during each transactional stage. Through the Bilwee ledger, the platform executes and safeguards thousands of monthly transactions.
“Our customers’ data is our most valuable asset, so it’s essential to be able to provide absolute protection for all of their transactional information. WISeKey technology offers us the possibility to safeguard the data of our customers,”Commented Daniel Corrado, President and CEO of Bilwee Argentina.
“For a company like Bilwee, which is seeing a sizable increase in users making near-daily transactions, jointly developing a next-generation digital certification and securitization solution will provide a unique and highly secure way to secure transactions.“Said Carlos Moreira, founder and CEO of WISeKey.
The benefits of these collaborative deals become even more important during the COVID-19 pandemic, as many companies affected by the global shutdown are now struggling to build recovery strategies and governments are working to reopen their economies.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company that currently implements large-scale digital identity ecosystems for people and objects using Blockchain, AI and IoT while respecting Humanity as the hub of the Internet. WISeKey microprocessors protect the pervasive computing that shapes today’s Internet of Everything. WISeKey IoT has an installation 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 in a unique position to be at the edge of the IoT as our semiconductors produce a huge amount of Big Data which, when analyzed with Artificial Intelligence (AI), can help industrial applications predict their equipment failure earlier. that happens.
Our technology is trusted by OISTE / WISeKey’s Swiss-based cryptographic Root of Trust (“RoT”) which provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions between objects and between objects and people. For more information visit www.wisekey.com.
About Bilwee
Bilwee is an automatic payment collection and management platform for businesses that has an innovative feature that doesn’t involve money in the process. Bilwee allows you to accelerate customer and supplier receipts and payments without using money. allows you to write off what a company owes against what it owes you. The developed system allows to minimize the risk of bad debt, avoid the implicit risks and costs of using checks, transfers and cash deposits, improve cash flow, avoid the use of the credit line and reduce administrative costs. . With over 15,000 hours of development, Bilwee’s powerful processing and analytics engine enables you to classify, sort, relate and execute up to 1,000,000 payment and collection processes per day. This tool allows companies to have real-time information on the management of their receipts and payments. The Bilwee Argentina SA team has been working since mid-2019, together with the Bilwee® development and support staff, to be able today to have a platform 100% adequate to the country’s standards.
Bilwee aims to generate a sustainable payment chain for SMEs and large companies and the big challenge is to activate the economy.
Press contacts and investors:
WISeKey International Holding Ltd
Company contact: Carlos Moreira
President and CEO
Tel: +41 22594 3000
[email protected]
WISeKey Investor Relations (USA)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
[email protected]
Bilwee Argentina SA
Company contact: Daniel Corrado
President and CEO
Tel: +54 9 11 5165-4874
[email protected]
Press contact from Bilwee
Contact: Eduardo Carini
Tel: + 54 9 11 6781-2306
[email protected]
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements regarding WISeKey International Holding Ltd and its business. Such statements involve risks, uncertainties and other known and unknown factors, which could cause WISeKey International Holding Ltd’s actual results, financial condition, performance or results to differ materially from any future results, performance or results expressed or implied in such forward. – statements. WISeKey International Holding Ltd provides this notice 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 purchase securities and does not constitute an offer prospectus within the meaning of Article 652a or Article 1156 of the Swiss Code of Obligations or a listing prospectus. in accordance with the listing rules of the SIX Swiss Exchange. Investors should rely on their own assessment of WISeKey and its securities, including the merits and risks involved. Nothing contained in this document is or will be construed as a promise or a statement regarding the future performance of WISeKey.
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