WISeKey International Holding Ltd, a Swiss-based cybersecurity company and Bajaj Electricals Limited (BEL), India’s leading consumer durable and lighting company today announced their intention in New Delhi, at the India Economic Summit, to create the first ever IoT Trusted Platform connecting to a secure cloud approximately 100 million consumer & industrial products in the first phase of WISeLight IoT Platform.
Through this partnership, WISeKey will create approximately 100 million Digital Identities of the SKUs that Bajaj Electricals has market leadership in the Lighting segment in India. The WISeLight IoT Platform will enable a digitally certified ecosystem for connected objects, in the cloud, not only making the BEL a differentiated player in the Indian market but a stand-out position in the global arena as well. These digitally certified and connected appliances or objects, will be a step amongst many, that one of the oldest business conglomerates of India will embark upon in the journey of Digitization of the Core of Business and in spirit of the Digital India Campaign of the Government of India.
“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 IoT platform. Our cooperation with WISeKey will allow BEL to become a major IoT platform in India,” said Anant Bajaj, Joint Managing Director of Bajaj Electricals Limited. “Through the Smart Indoor and Connected Outdoor products, BEL would enable its customers to embrace the latest technology in LED range and smart products, providing complete solutions for all lighting needs of our customers and markets – Commercial, Industrial, Cityscape, Sensors, Solar or IBMS.”
“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% of energy consumption. Secured with WISeKey semiconductors and identities that communicate with other connected devices and systems and supply chain applications for inventory tracking,” said Carlos Moreira, CEO of WISeKey.