This partnership leverages SEALSQ's commitment
to develop a machine-to-machine (M2M) economy for digital assets
through advanced security technologies.
NEW
YORK, May 7, 2024 /PRNewswire/ -- 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 SEALSQ
SEALSQ 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 Statements
This 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 Association
The 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.
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SOURCE The Hashgraph Association