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WISeWorld2000 WISeKey By Malcolm Hutchinson CEO & Cofounder WISekey The WISekey PKI Revolution The market for PKI technology is expected to be one of the fastest growing new economy related technologies .
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WISeWorld2000 WISeKey By Malcolm Hutchinson CEO & Cofounder WISekey
The WISekey PKI Revolution • The market for PKI technology is expected to be one of the fastest growing new economy related technologies. • Leading institutions estimate the worldwide PKI market to grow from USD 1,1 bn in 2000 to 3,5 bn in 2003.
PKI Avantages Use of PKI enables: • Secure e-mail: authentication of the sender, encryption and integrity of the content and proof of delivery • B2B e-commerce & B2C e-commerce: identification of customers, suppliers and B2B exchange participants, as well as legal recognition of on-line contracts • Access Control: Providing information and services to only authorized users. • On-line banking: secure log-in and signature of banking and trading transactions.
WISekey Partners Building a Global Solution • Baltimore Technologies • Datamatics • Oracle • Rainbow Technologies • Celo Communications • ITU-ECDC • Mount10 • DataKey • Avataro • Hewlett Packard • Octree Technologies • Intel • MCI Worldcom • Valicert • Entegrity Solutions • Gemplus • KyberPass • Vordel • EcommercePKI
WISeKey Trust Model • Use existing Trust Parties through digitizing their current processes – Analog to Digital Trust. • WISeKey acts as the interface between the islands of trust providing global recognition and inter-operability. • Technically achieved through the sharing of a root certificate by high authenticate Certification Authorities. • Neutral ownership of the root certificate by a Swiss Foundation, operated by WISeKey and administered by a neutral forum.
WISeKey PKI Market Potential • There are now more than one billion documents on the web. • 6,409,521 servers distribute these documents to more than 200 million users. • Of these users, approximately two thirds use the Internet for conducting business, predominately being for e-mail. • The growth rate is more than doubling each year. • Source Inktomi and NEC Research Institute
WISeKey PKI Market Potential • Worldwide e-business-to-business revenue is projected to outstrip worldwide business to consumer revenue on the web by a factor of more than four by 2003.Source: Dataquest • Total business sales via the Internet will rise from US$43 billion in 1998 to US$1.3 trillion by 2003.Source: Forrester Research
WISeKey PKI Market Potential • Based upon current trends, there should be more than one billion users of the Internet by 2003. • If two thirds of those remain business users, then there are more than 600 million potential clients with a need for a PKI Certificate. That is 600 million potential WISeKey PKI clients. • Even if only 10% of these eventuate as WISeKey PKI users, the WISeKey client base is conservatively 60 million users by 2003. By 2005 we expect at least 100 million users.
WISeKey’s Role • WISeKey • Is an ASP to Certification Authorites. • Provides trust recognition and interoperability to Certification Authorities • Enables independance of Certification Authorities under agreed policies to meet their own specific industry or jurisdiction requirements
WISeKey’s DISTRIBUTION STRATEGY • Sign existing CA’s to use WISeKey’s global root for their certficates • Sell turn-key CA solutions to organisations in cooperation with Stratgic Partners • Baltimore Technologies • Hewlett Packard etc. • Offer smaller organizations ability to provide certificate services and growth path through becoming a Registration Authority for an incubator CA
WISeKey PKI Global Growth Path • WISeKey Gold CAs. ITU – EC-DC Project E-CommercePKI «Incubator CA » Silver RAs. Bronze RAs. E-CommercePKI Quo Vadis BlueX WISe-IoM WISe- Atlantica Etc. Growth Path
WISeKey-ITU TrustFund • Established November 2000 • Investment in kind to date by WISeKey of 4 million US$ • Investment in kind to date by Expert Group members of 2.5 million US $ • Receives US1 per certificate issued within the WISekey PKI • Receives external contributions from donnors • Will receive transaction revenues via a WISeKey financial clearing house • Invests and donates the resources to LDC’s to establishElectronic Commerce projects
WISeWORLD2000 The Secure Electronic Commerce Partnership Conference GENEVA, Switzerland, November 27, 28, 29 ITU Building