OISTE Foundation

Carlos Creus Moreira, Founder and CEO of WISeKey, says: “Actors of the WWW have been inefficient in building a digital identity: the web is blind. Traceability of products can not be established if you don’t have a web identity.” Today during his panel at the world policy summit, Carlos Moreira presented a Global technology response to fight illicit trade as economic leakages from illicit trade create an annual drain on the global economy of $2.2 trillion – nearly 3% of the world’s economy. From smuggling, counterfeiting and tax evasion, to the trafficking of humans and wildlife, illicit trade holds back progress, increases costs and pushes the goals further away. Today, illicit trade has become a major contributor to discrepancies in wealth between the developing and developed world, while fueling devastating conflicts and undermining the legitimacy of countries. In fact, counterfeiting is the conduit that supports destabilizing and dangerous activities in nearly every sphere.