Andrew Forson, Head of Ventures and
Investments of The Hashgraph Association and Carlos Moreira, CEO of
WISeKey International Holding.
Zurich, Switzerland – June 13, 2024
– WISeKey International Holding AG, (“WISeKey” or
“Company”) (SIX: WIHN; Nasdaq: WKEY), a global leader in
cybersecurity, digital identity, and Internet of Things (IoT)
solutions, and its subsidiary company, SEALSQ Corp ("SEALSQ")
(NASDAQ: LAES), a company that focuses on developing and selling
Semiconductors, PKI and Post-Quantum technology hardware and
software products, announced the official launch of SEALCOIN AG, a
new Swiss-headquartered DEPIN (Decentralized Physical Internet
Network) entity revolutionizing the Internet of things landscape by
developing the SEALCOIN Project with strategic investment from The
Hashgraph Association, a Swiss-based association at the forefront
of digital enablement and empowerment using the Hedera network.
The SEALCOIN project is harnessing the power of
Hedera’s DLT (decentralized ledger technology) network to
revolutionize the Internet of Things (IoT) landscape with a
state-of-the-art services platform designed to enable autonomous
transactions and service-for-payment exchanges among IoT
devices.
At the center of the SEALCOIN project is the
SEALCOIN utility token that will facilitate seamless and secure
interactions between devices and participants.
The SEALCOIN platform addresses the escalating
demand for efficient and trustworthy transactions within the IoT
sector, particularly in the realm of Transactional IoT (t-IoT),
where devices increasingly depend on interconnected services for
their operational efficiency.
Utilizing the decentralized Hedera DLT ledger,
the Hedera Smart Contract Service (HSCS), the Hedera Token Service
(HTS), and the Hedera Consensus Service (HCS), SEALCOIN delivers a
Decentralized Physical Internet Infrastructure (DEPIN) that
empowers IoT devices to autonomously negotiate, execute, and settle
transactions. This innovative approach eliminates the need for
human intervention or unnecessary intermediaries, enhancing the
efficiency, security, and reliability of IoT interactions.
The Hashgraph Association, which empowers a
digital future for all on Hedera DLT (renowned for its
high-throughput and secure public DLT network), has strategically
invested in SEALCOIN AG to accelerate this innovative
technology.
The strategic investment will bolster SEALCOIN
AG’s capabilities in developing scalable, efficient, and robust IoT
transaction solutions. The Hashgraph Association’s support extends
beyond financial backing, including technical engineering
expertise, and strategic guidance in Web3.
Kamal Youssefi, President of The
Hashgraph Association, stated, “We at The Hashgraph
Association believe that DePIN solutions are positioned to
revolutionize the connected economy, bringing trust, efficiency,
and innovation to enterprises and users on Hedera’s
distributedledger technology. We are excited to be supporting
SEALCOIN AG in bringing DEPIN Transactional IoT forward in a
scalable, secure, and transparent manner.”
SEALCOIN's platform is designed to support a
wide array of IoT applications, from smart homes and industrial
automation to smart cities and connected healthcare. By enabling
devices to autonomously manage service-for-payment exchanges, the
platform significantly reduces operational overheads and mitigates
the risks associated with centralized control points.
"With The Hashgraph Association’s investment and
collaboration, SEALCOIN AG is uniquely positioned to set new
standards in the transactional-IoT ecosystem. Our shared vision is
to create a secure, interconnected world where devices can
seamlessly and autonomously manage transactions, driving innovation
and efficiency across industries." said Carlos Moreira, CEO
of WISeKey.
IoT has expanded to encompass various
industries, including smart factories, healthcare, smart cities,
and transportation. Recent forecasts indicated that IoT-connected
devices exceeded 10 billion in 2021, and are expected to reach 41
billion by 2027, with smart home and factory devices driving the
market.
Some of the key features of SEALCOIN AG include
autonomous transactions by leveraging smart contracts to allow
devices to independently negotiate and execute transactions without
human intervention. Another key feature is enhanced security by
utilizing Hedera DLT to ensure tamper-proof transaction records and
secure data exchanges.
Finally, it features scalability given that it
is designed to handle large volumes of transactions, making it
suitable for diverse IoT environments and interoperability as it
facilitates seamless integration with existing IoT ecosystems and
supporting a wide range of device protocols.
The formation of SEALCOIN AG and its strategic
alliance with The Hashgraph Association underscores a commitment to
fostering technological advancement and market leadership in the
DEPIN industry.
About WISeKeyWISeKey
International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a
global leader in cybersecurity, digital identity, and IoT solutions
platform. It operates as a Swiss-based holding company through
several operational subsidiaries, each dedicated to specific
aspects of its technology portfolio. The subsidiaries include (i)
SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI,
and post-quantum technology products, (ii) WISeKey SA which
specializes in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, and (iv) WISe.ART Corp which
focuses on trusted blockchain NFTs and operates the WISe.ART
marketplace for secure NFT transactions.Each subsidiary contributes
to WISeKey’s mission of securing the internet while focusing on
their respective areas of research and expertise. Their
technologies seamlessly integrate into the comprehensive WISeKey
platform. WISeKey secures digital identity ecosystems for
individuals and objects using Blockchain, AI, and IoT technologies.
With over 1.6 billion microchips deployed across various IoT
sectors, WISeKey plays a vital role in securing the Internet of
Everything. The company’s semiconductors generate valuable Big Data
that, when analyzed with AI, enable predictive equipment failure
prevention. Trusted by the OISTE/WISeKey cryptographic Root of
Trust, WISeKey provides secure authentication and identification
for IoT, Blockchain, and AI applications. The WISeKey Root of Trust
ensures the integrity of online transactions between objects and
people. For more information on WISeKey’s strategic direction and
its subsidiary companies, please visit www.wisekey.com.
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.comForward-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.
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.com |
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