SEALSQ Launches SEALCOIN at Davos Event
January 17 2024 - 4:05PM
SEALCOIN Pre-Registration is Available at
SEALCOIN.AI
(See Video on
YouTube)
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ:
LAES), a company that focuses on developing and selling
Semiconductors, PKI and Post-Quantum technology hardware and
software products, today officially launched SEALCOIN, a digital
token and an advanced cryptocurrency protocol, at its Davos event
(see video here). Pre-registration is available at
SEALCOIN.AI.SEALSQ used Google Cloud as a technology provider to
deploy SEALCOIN, which is designed to establish a robust economy,
specifically for billions of internet-driven devices, enabling them
to seamlessly exchange both data and currency. SEALSQ has an
install base of over 1.6 billion semiconductors that will gradually
benefit from the SEALCOIN. By transcending traditional currency
exchange mechanisms, SEALCOIN is establishing a complex network of
IoT-enabled transactions and services.
Carlos Moreira, Founder and CEO of SEALSQ,
noted, “The usage of the Google Cloud for the deployment of
SEALCOIN will accelerate the development of the SEALSQ platform. In
a groundbreaking development, SEALSQ is taking a significant step
forward in the world of digital finance (DeFi) and IoT with its
advanced cryptocurrency protocol, SEALCOIN.”
Details on the total supply of SEALCOIN and its
distribution will be provided once pre-registration is complete and
the regulatory process has been undertaken. Information on how to
acquire and trade SEALCOIN will be provided once the regulatory
process is concluded.
SEALCOIN: Reshaping M2M Payments and IoT
Communications
While SEALCOIN can be utilized by individual
traders in a manner similar to other cryptocurrencies, its primary
value proposition lies in revolutionizing the economic operations
and communications within IoT devices. SEALCOIN's introduction is a
pivotal development in M2M payments, redefining the landscape of
digital transactions in the IoT domain.
SEALCOIN's Role in DeFi and IoT
As an advanced cryptocurrency protocol, SEALCOIN
is taking a significant step in the realms of digital finance
(DeFi) and IoT. This protocol aims to create a robust economy
specifically tailored for internet-driven devices, facilitating not
only data exchange but also currency transactions.
SEALCOIN: More Than a Digital Token
SEALCOIN represents the beginning of a new
decentralized, tokenized M2M economy. In this economy, IoT
structures from various companies can autonomously interact with
and leverage each other's products and services, all without human
intervention. SEALCOIN extends beyond simple currency transactions,
fostering a complex network of services and payments within the IoT
web.
SEALCOIN Details:Key
Features
- Autonomous M2M Transactions: Allows IoT devices to perform
transactions and exchanges without human input.
- Cross-Company IoT Interaction: Enables IoT structures from
different companies to autonomously interact and transact.
- Decentralized Network: Ensures secure, transparent, and
decentralized transactions.
- Integration with DeFi: Merges IoT with digital finance,
allowing for innovative financial applications in the IoT
sphere.
Technology and Architecture
- Blockchain-Based: Utilizes blockchain technology for secure,
transparent, and immutable transactions.
- Smart Contracts: Employs smart contracts to automate and
enforce agreements between devices.
- Scalability and Efficiency: Designed to handle a high volume of
transactions, catering to the vast network of IoT devices.
Use Cases
- Automated Supply Chains: IoT devices in supply chains can
autonomously order, pay for, and restock inventory.
- Smart Homes and Cities: Enables smart devices in homes and
cities to autonomously transact for services like energy,
maintenance, and more.
- Industrial IoT: Facilitates seamless M2M transactions in
industrial settings, improving efficiency and reducing costs.
SEALCOIN’s Forthcoming
Details:Governance and Security
- Decentralized Governance: Description of the governance model
ensuring decentralized decision-making.
- Security Protocols: Details on the security measures
implemented to protect transactions and data integrity.
Roadmap
- Development Stages: Outline of various development stages with
corresponding timelines.
- Future Enhancements: Planned upgrades and expansions in the
SEALCOIN ecosystem.
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 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 SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; 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.
SEALSQ Corp.Carlos
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.com |
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