WISeKey exclusive panel on Identity Security a big success at World Economic Forum Annual Meeting in Davos

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GENEVA, Jan. 28, 2014 (GLOBE NEWSWIRE) -- During the roundtable on Addressing Identity of People and Things, Privacy, Security and Trust on the Cloud, sponsored by WISeKey, a distinguished panel composed of Neelie Kroes, European Commissioner; Humberto Ribeiro, SCS - Ministry of Development, Brazil; Prof Thomas Andersson, IKED; Prof. Alex "Sandy" Pentland, MIT and Marina Grigorian, Fraunhofer "FOKUS", discussed the future of identity management and data governance under the moderation of Carlos Moreira.

Trust and security matter, concluded the panel. The fundamental right to privacy is now at stake. The entire development of digital communication is affected because people won't use what they can't trust. That applies to basically all kinds of applications, from people considering whether to join social networks or businesses or governments to rely on cloud computing,

The panel weighted the challenges of scaling up user-centric solutions, finding enough venture capital and sufficient support from professional business services against the enormous expansion of mobile telephony and the shaping of a multi-polar world with new underwater cable connections, where emerging players like Brazil are engaged.

"I want to see European companies taking advantage of the renewed interest in providing services with better privacy protection and security", said commissioner Kroes. The participants called for collaboration around faster-moving experimental projects in which the new demands of users help feeding processes of entrepreneurial innovation in digital identity and personal data management.

Extending the results of the GINI project, the International Organisation for Knowledge Economy and Enterprise Development (IKED) of Sweden and the International Secure Electronic Transactions Organization (OISTE) of Switzerland, co-organizers of the event, proposed to launch an effort engaging high-tech companies, a range of service providers and civil society in the generation of user-centric solutions applicable to health, education and business creation catering for the imminent arrival of 5 new billion Internet users. A new generation of operator functions within a multi-corner model enabling users, relying parties, and data bases to interoperate while ensuring the full control of personal data by the individual user will be a key feature of this effort.

WISeKey is a Global Growth Company Partner of the World Economic Forum: http://www3.weforum.org/docs/AM14/WEF_AM14_GGC_Profiles.pdf

Some echoes about the event: http://www.swissinfo.ch/eng/business/Trillions_at_stake_in_private_data_struggle.html?cid=37792896

CONTACT: WISeKey Satu Kulmala Tel +41 22 594 3005 skulmala@wisekey.com

Source: WISeKey