SEALCOIN Secures $50 Million Investment Commitment from GEM Digital Limited Through a Structured Token Subscription Agreement of the SEALCOIN Utility Token to Develop Decentralized Physical Internet Network (DePIN)
SEALCOIN AG, established by WISeKey, has secured a $50 million token investment commitment from GEM Digital to develop a Decentralized Physical Internet Network (DePIN). The project aims to revolutionize the Internet of Things (IoT) using Hedera's decentralized ledger technology (DLT), enabling autonomous transactions among IoT devices through its utility token, SEALCOIN.
Additionally, The Hashgraph Group (THG) has agreed to provide initial investment, engineering expertise, and strategic guidance to SEALCOIN AG. The platform, leveraging Hedera's DLT ledger and smart contracts, is expected to go live in Q4 2024. SEALCOIN's applications span various sectors, including smart home automation, supply chain management, autonomous vehicles, and healthcare devices.
SEALCOIN AG, fondata da WISeKey, ha assicurato un impegno di investimento in token di $50 milioni da GEM Digital per sviluppare una Rete Internet Fisica Decentralizzata (DePIN). Il progetto mira a rivoluzionare l'Internet delle Cose (IoT) utilizzando la tecnologia di registro decentralizzato di Hedera (DLT), consentendo transazioni autonome tra dispositivi IoT tramite il suo token di utilità, SEALCOIN.
Inoltre, The Hashgraph Group (THG) ha accettato di fornire investimenti iniziali, expertise ingegneristica e guida strategica a SEALCOIN AG. La piattaforma, che sfrutta il registro DLT di Hedera e i contratti smart, dovrebbe essere lanciata nel Q4 2024. Le applicazioni di SEALCOIN spaziano in vari settori, tra cui automazione per la casa intelligente, gestione della supply chain, veicoli autonomi e dispositivi sanitari.
SEALCOIN AG, establecida por WISeKey, ha asegurado un compromiso de inversión de token de $50 millones de GEM Digital para desarrollar una Red Física de Internet Descentralizada (DePIN). El proyecto tiene como objetivo revolucionar el Internet de las Cosas (IoT) utilizando la tecnología de libro mayor descentralizado de Hedera (DLT), permitiendo transacciones autónomas entre dispositivos IoT a través de su token de utilidad, SEALCOIN.
Además, The Hashgraph Group (THG) ha acordado proporcionar inversión inicial, experiencia en ingeniería y orientación estratégica a SEALCOIN AG. Se espera que la plataforma, que aprovecha el libro mayor DLT de Hedera y contratos inteligentes, esté operativa en el Q4 2024. Las aplicaciones de SEALCOIN abarcan varios sectores, incluyendo automatización del hogar inteligente, gestión de la cadena de suministro, vehículos autónomos y dispositivos de salud.
SEALCOIN AG는 WISeKey에 의해 설립되었으며, GEM Digital로부터 5천만 달러의 토큰 투자 약속을 확보하여 탈중앙화 물리적 인터넷 네트워크(DePIN)을 개발합니다. 이 프로젝트는 사물인터넷(IoT)을 혁신하는 것을 목표로 하며, 헤데라의 탈중앙화 원장 기술(DLT)를 사용하여 IoT 기기 간의 자율 트랜잭션을 가능하게 하고, 유틸리티 토큰 SEALCOIN을 통해 실행됩니다.
추가적으로, The Hashgraph Group (THG)는 SEALCOIN AG에 초기 투자, 엔지니어링 전문성과 전략적 지침을 제공하기로 합의했습니다. 이 플랫폼은 헤데라의 DLT 원장과 스마트 계약을 활용하여 2024년 4분기에 출범할 것으로 예상됩니다. SEALCOIN의 응용 프로그램은 스마트 홈 자동화, 공급망 관리, 자율주행차 및 헬스케어 기기 등 다양한 분야에 걸쳐 있습니다.
SEALCOIN AG, établi par WISeKey, a sécurisé un engagement d'investissement de token de 50 millions de dollars de GEM Digital pour développer un Réseau Internet Physique Décentralisé (DePIN). Le projet vise à révolutionner l'Internet des Objets (IoT) en utilisant la technologie de registre décentralisé d'Hedera (DLT), permettant des transactions autonomes entre les dispositifs IoT via son token d'utilité, SEALCOIN.
De plus, The Hashgraph Group (THG) a accepté de fournir un investissement initial, une expertise technique et des conseils stratégiques à SEALCOIN AG. La plateforme, qui tire parti du registre DLT d'Hedera et des contrats intelligents, devrait être opérationnelle au Q4 2024. Les applications de SEALCOIN couvrent divers secteurs, y compris l'automatisation de la maison intelligente, la gestion de la chaîne d'approvisionnement, les véhicules autonomes et les dispositifs de santé.
SEALCOIN AG, gegründet von WISeKey, hat ein Investitionsengagement in Höhe von 50 Millionen US-Dollar in Token von GEM Digital gesichert, um ein Dezentralisiertes Physisches Internet Netzwerk (DePIN) zu entwickeln. Das Projekt zielt darauf ab, das Internet der Dinge (IoT) mit Hedera's dezentraler Hauptbuchtechnologie (DLT) zu revolutionieren, indem autonome Transaktionen zwischen IoT-Geräten über das Utility-Token SEALCOIN ermöglicht werden.
Zusätzlich hat The Hashgraph Group (THG) zugestimmt, SEALCOIN AG anfängliche Investitionen, technische Expertise und strategische Anleitung bereitzustellen. Die Plattform, die auf Hedera's DLT und Smart Contracts basiert, wird voraussichtlich im Q4 2024 live gehen. SEALCOIN-Anwendungen erstrecken sich über verschiedene Sektoren, einschließlich smarter Hausautomatisierung, Supply Chain Management, autonome Fahrzeuge und Gesundheitsgeräte.
- $50 million token investment commitment secured from GEM Digital
- Additional investment and strategic support from The Hashgraph Group
- Platform expected to launch in Q4 2024
- Diverse applications across multiple sectors including smart homes, supply chain, and healthcare
- None.
Insights
The
The partnership with The Hashgraph Group adds technical credibility to the project, potentially accelerating development and adoption. While the news is positive for WISeKey's long-term prospects, investors should remain cautious as the SEALCOIN platform is still in development, with launch expected in Q4. The project's success will ultimately depend on market adoption and regulatory compliance, which are yet to be proven.
SEALCOIN's DePIN project represents an ambitious attempt to revolutionize IoT transactions using Hedera's distributed ledger technology. The platform's focus on enabling autonomous M2M transactions addresses a growing need in the IoT sector, particularly for Transactional IoT (t-IoT). Key technological components include:
- Hedera's DLT ledger for secure, decentralized record-keeping
- Hedera Smart Contract Service (HSCS) for automated, trustless transactions
- Hedera Token Service (HTS) for efficient token management
- Hedera Consensus Service (HCS) for fast, fair and secure consensus
While the concept is promising, the success of SEALCOIN will hinge on its ability to deliver scalable, efficient and secure solutions in real-world applications. The diverse use cases mentioned, from smart homes to industrial IoT, highlight the potential breadth of impact, but also the complexity of implementation across various sectors.
The IoT market is projected to grow significantly, with some estimates suggesting a market size of
- Competition: The IoT and blockchain sectors are highly competitive, with numerous established players and startups vying for market share.
- Adoption challenges: Widespread acceptance of a new token-based system for IoT transactions may face resistance from traditional industries.
- Regulatory landscape: The evolving regulatory environment for cryptocurrencies and blockchain technologies could impact SEALCOIN's deployment and adoption.
While the
- The investment commitment from GEM Digital Limited, a digital asset investment firm based in The Bahamas that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a
$3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. - Additionally, The Hashgraph Group, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy.
Zug, Switzerland, August 13, 2024 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced that SEALCOIN AG has secured a
Carlos Moreira, CEO of WISeKey, commented, "The investment commitment through a Token Subscription Agreement from GEM not only reflects our shared values but also represents a significant milestone in advancing SEALCOIN's vision. The
Additionally, THG, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy. THG, a Swiss-based digital innovation and venture building company mandated by The Hashgraph Association (THA) for the delivery and operation of strategic Hedera-enablement programs, is specialized in the digital empowerment of startups, enterprises, and government institutions through its proven innovation and venture building programs, leveraging the Hedera network. The SEALCOIN project aims to revolutionize the Internet of Things (IoT) using Hedera’s decentralized ledger technology (DLT) by enabling autonomous transactions and service exchanges among IoT devices through its utility token, SEALCOIN.
The platform addresses the growing need for efficient and trustworthy transactions in the IoT sector, particularly in Transactional IoT (t-IoT), by leveraging Hedera’s DLT ledger, Hedera Smart Contract Service (HSCS), Hedera Token Service (HTS), and the Hedera Consensus Service (HCS). This creates a DePIN that allows IoT devices to autonomously negotiate, execute, and settle transactions without human intervention or intermediaries, enhancing efficiency, security, and reliability.
THG’s investment will enhance SEALCOIN AG's ability to develop scalable and robust IoT transaction solutions on Hedera. The support includes not only financial backing but also technical engineering expertise, token economics, and strategic guidance in Web3.
GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. GEM is a
SEALCOIN AG is at the forefront of revolutionizing the IoT landscape. Through the strategic investments from THG and GEM Digital, SEALCOIN is set to transform IoT with its state-of-the-art DePIN services platform, designed to enable autonomous transactions and service-for-payment exchanges among IoT devices.
THE SEALCOIN Project - Leveraging Blockchain and DLT for IoT
The SEALCOIN project harnesses the power of Blockchain and Decentralized Ledger Technology (DLT) to facilitate seamless and secure interactions between devices. Utilizing the Hedera DLT ledger and its smart contracts, SEALCOIN delivers a decentralized infrastructure 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 SEALCOIN platform is currently in development and expected to go live in Q4 this year. WISekey is currently in the process of finalizing the regulatory requirements to be able to issue the token to clients and investors using this technology. A Proof of Concept for the use of SEALCOIN on a t-IoT has already been developed and is available for general review on this link https://youtu.be/daOvoOxqGvQ.
Transformative Use Cases of SEALCOIN
- Smart Home Automation: SEALCOIN enables smart devices to autonomously handle transactions for energy consumption, maintenance, and subscription services, elevating the concept of a self-sufficient smart home.
- Supply Chain Management: SEALCOIN facilitates automated transactions and seamless data exchanges between sensors, trackers, and management systems, enhancing efficiency and transparency in logistics.
- Autonomous Vehicles: SEALCOIN manages micro-transactions for tolls, parking, charging stations, and data exchanges with traffic management systems, pioneering a new era in autonomous transportation.
- Smart Cities: SEALCOIN enables M2M transactions for public transportation, environmental monitoring, and resource management, enhancing urban operations and sustainable city living.
- Healthcare Devices: Wearables and implantable devices can utilize SEALCOIN for secure data transfer and automated payments for diagnostic or monitoring services, ensuring a seamless healthcare experience.
- Energy Trading: SEALCOIN empowers devices like solar panels and batteries to autonomously trade excess energy, optimizing resource distribution and promoting sustainability.
- Industrial IoT: SEALCOIN automates transactions between machines, sensors, and systems, reducing operational costs and boosting efficiency in industrial automation.
- Retail and Consumer Services: Smart vending machines and automated stores can leverage SEALCOIN for effortless payments and efficient inventory management, revolutionizing the consumer experience.
- Agricultural Technology: SEALCOIN enhances farm management by enabling IoT devices to engage in data exchange and service payments, driving agricultural innovation.
- Peer-to-Peer Transactions: SEALCOIN facilitates direct M2M transactions in a decentralized manner, leading to a more distributed and resilient economy.
SEALCOIN, backed by the technological prowess of WISeKey, is not just a token; it's a visionary leap towards a more efficient, secure, and interconnected world. Its potential applications across various sectors underscore its capacity to revolutionize M2M transactions. As we embrace this new era, SEALCOIN envisions a future where machines seamlessly and securely interact, creating a tapestry of technological synergy that could redefine the fabric of our daily lives.
For more information, visit www.sealcoin.ai.
About GEM Digital Limited
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a
About The Hashgraph Group
The Hashgraph Group is a professional innovation and venture building organization that is focused on the enablement of entrepreneurs, enterprises, and government institutions around the globe through the development of enterprise-grade solutions and decentralized applications on Hedera network. Headquartered in Switzerland, The Hashgraph Group is mandated by The Hashgraph Association as the service delivery organization for a range of strategic Hedera-enablement programs focused on empowering a digital future for all and achieving broad adoption of Hedera globally. For further information, visit us under www.hashgraph-association.com.
About SEALCOIN AG
SEALCOIN AG, a Swiss-based DePIN (Decentralized Physical Internet Network) entity, is transforming the Internet of Things (IoT) landscape with its SEALCOIN Project. Supported by strategic investment from The Hashgraph Association, a leader in digital enablement through the Hedera network, SEALCOIN AG is set to revolutionize IoT.
The SEALCOIN Project leverages Hedera's decentralized ledger technology (DLT) to create a cutting-edge platform for autonomous transactions and service-for-payment exchanges among IoT devices. Central to this project is the SEALCOIN utility token, facilitating secure and seamless interactions between devices and participants.
Addressing the growing need for efficient and trustworthy IoT transactions, particularly in Transactional IoT (t-IoT), the SEALCOIN platform utilizes Hedera's DLT, Smart Contract Service (HSCS), Token Service (HTS), and Consensus Service (HCS). This infrastructure empowers IoT devices to autonomously negotiate, execute, and settle transactions, eliminating the need for human intervention or intermediaries, thereby enhancing efficiency, security, and reliability.
About WISeKey
WISeKey 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, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.
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.
Forward-Looking Statements
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd 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.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
| WISeKey International Holding Ltd Company Contact: Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com | WISeKey Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +1 212 836-9612 / kmurphy@equityny.com |
FAQ
What is the purpose of the $50 million investment in SEALCOIN?
When is the SEALCOIN platform expected to launch?
What are some potential applications of SEALCOIN?
How does SEALCOIN relate to WISeKey (WKEY)?
