WISeKey International Holding Ltd., a cybersecurity company based in Switzerland, and Bajaj Electricals Limited (BEL), India’s leading consumer durable and lighting company, are to create the first-ever IoT Trusted Platform connecting approximately 100 million consumer and industrial products to a secure cloud in the first phase of the WISeLight IoT Platform.
The announcement was made at the India Economic Summit in New Delhi. WISeKey will create approximately 100 million Digital Identities of the SKUs of Bajaj Electricals, and the partnership will secure market leadership in lighting in India.
BEL was formed in 1938 and is part of the Bajaj Group. WISeKey is a leading cybersecurity company currently providing large-scale IoT digital identity ecosystems.
The WISeLight IoT Platform will be a cloud-based digitally certified ecosystem for connected objects and will likely disrupt lighting and the global IoT platform space.
According to Anant Bajaj, joint managing director of Bajaj Electricals Limited: “No industry is being disrupted more than lighting by the Internet of Things, in the world market. It is estimated that there are 12 billion ‘end-points’ in homes, enterprises, industrial facilities and retail locations, making lighting the most ubiquitous network of connected devices on the planet and the perfect platform for IoT. Our cooperation with WISeKey will allow BEL to become a major IoT platform in India.”
BEL will provide solutions for the commercial, cityscape, IBMS, industrial, sensor and solar sectors.
Carlos Moreira, CEO of WISeKey, said:
“The WISeLight IoT Platform will shift this sector from a hardware-centric model, as the world moves, to delivering IoT lighting secured with sensors and embedded microchips, detecting and interacting with its environment in real time. This will be enabled using crypto-based asymmetric keys based in the cloud and on each product, the handshake of which will produce a Certified Authority issued Digital Certificate. Smarter lighting saves up to 80 percent of energy consumption. Secured with WISeKey semiconductors and identities that communicate with other connected devices and systems and supply chain applications for inventory tracking.”