The Hashgraph Association and SEALSQ Build the Future of Decentralized Physical Infrastructure Network (DePIN) on the Hedera DLT Network
May 07 2024 - 8:30AM
This partnership leverages SEALSQ’s commitment to develop a
machine-to-machine (M2M) economy for digital assets through
advanced security technologies.
SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or
“Company”), a leader in semiconductor, PKI, and Post-Quantum
technology development, today announced that in partnership with
The Hashgraph Association, a Swiss-based
organization at the forefront of global digital enablement, have
launched a new digital asset built on Hedera Network that caters to
the Decentralized Physical Infrastructure Network (DePIN) sector,
by enabling billions of internet connected devices to autonomously
engage in seamless data and currency exchanges.
Under the umbrella of Transactional Internet of
Things, (TIoT), SEALCOIN is a hybrid payment and utility token for
enabling billions of internet-connected devices to autonomously
engage in seamless data and digital asset exchanges. For example,
IoT ( Internet of Things) devices from various companies can now
interact and access a range of services as well as transactions.
This could include smart home devices where SEALCOIN could
facilitate seamless payment for services like energy consumption,
maintenance, and other services without human intervention. The
list of applications goes on to include supply chain management,
autonomous vehicles, smart cities, energy trading and
more.
A significant milestone is being reached with
the release of a M2M Proof of Concept (PoC) enabling the
disintermediation of service providers for interconnected devices.
The release is scheduled for mid-July 2024, with a comprehensive
demo planned shortly thereafter, showcasing the innovative
capabilities of SEALCOIN in enabling Service vs Payment
transactions between machines.
Kamal Youssefi, President of The Hashgraph
Association noted, “We are proud to have partnered with SEALSQ for
the launch of such an innovative use case in the DePIN economy. The
emergence of DePIN is a pivotal shift in the way physical
infrastructure is designed, developed, and deployed. The Hedera
network enables secure and seamless micro payments between all
internet-connected devices and will further accelerate growth of
the M2M DePIN ecosystem.”
SEALCOIN is expected to launch in Q4 2024 and
will then be listed on a digital asset exchange. The
launch will introduce the Purchasing and Tokenization of
Certificates (MVP), marking a major step forward in bridging a
strong physical network to the secure Digital infrastructure of
Hedera’s network.
"Our vision with SEALCOIN is to redefine the
boundaries of secured P2P transactions, in the physical and the
digital world," said Carlos Moreira, CEO of SEALSQ. "By
cooperating with Hashgraph Association on SEALCOIN, we are not just
introducing another Token; we are setting the stage for a future
where transactions and services in the digital space are seamless,
secure, and efficient. Our work to validate a M2M PoC, upcoming
platform launch, to be followed by a strategic listing on a digital
exchange, are all steps toward realizing this vision. We are
excited about the future and invite the community to join us on
this journey."
About SEALSQSEALSQ focuses on selling
integrated solutions based on Semiconductors, PKI and Provisioning
services, while developing Post-Quantum technology hardware and
software products. Our solutions can be used in a variety of
applications, from Multi-Factor Authentication tokens, Smart
Energy, Smart Home Appliances, and IT Network Infrastructure, to
Automotive, Industrial Automation and Control Systems.Post-Quantum
Cryptography (PQC) refers to cryptographic methods that are secure
against an attack by a quantum computer. As quantum computers
become more powerful, they may be able to break many of the
cryptographic methods that are currently used to protect sensitive
information, such as RSA and Elliptic Curve Cryptography (ECC). PQC
aims to develop new cryptographic methods that are secure against
quantum attacks.For more information, please
visit www.sealsq.com
Forward-Looking StatementsThis communication
expressly or implicitly contains certain forward-looking statements
concerning SEALSQ Corp and its businesses. Forward-looking
statements include statements regarding our business strategy,
financial performance, results of operations, market data, events
or developments that we expect or anticipates will occur in the
future, as well as any other statements which are not historical
facts. Although we believe that the expectations reflected in such
forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a
number of assumptions and estimates which are inherently subject to
significant uncertainties and contingencies, many of which are
beyond our control. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Important
factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements
include the success and timeline of SEALCOIN's launch; the timeline
for and the successful release of the Machine-to-Machine (M2M)
Proof of Concept (PoC); SEAL’s token Issuance and Exchange Listing
before the end of 2024; SEALSQ's ability to continue beneficial
transactions with material parties, including a limited number of
significant customers; market demand and semiconductor industry
conditions; and the risks discussed in SEALSQ's filings with the
SEC. Risks and uncertainties are further described in reports filed
by SEALSQ with the SEC.SEALSQ Corp is providing this communication
as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.
About The Hashgraph
AssociationThe Hashgraph Association is at the forefront
of the digital enablement and empowerment of organizations through
the broad adoption of Hedera-powered enterprise-grade solutions and
decentralized applications, including funding training, innovation,
and venture building programs globally. As a non-profit
organization headquartered in Switzerland, The Hashgraph
Association supports and funds innovation, research, and
development that enables economic inclusion and a digital future
for all, with a positive environmental, social, and governance
(ESG) impact. For further information about The Hashgraph
Association, visit www.hashgraph-association.com.
Press and Investor Contacts
SEALSQ
CorpCarlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611
/ lcati@equityny.comKatie MurphyTel: +212 836-9612
/ kmurphy@equityny.comFor Media
EnquiriesDustin Rotenberg - Chief Marketing
Officerpress@hashgraph-group.com |
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