WISeKey Subsidiary WISeSat to Launch Second Proof of Concept for SEALCOIN Token
WISeKey's subsidiary WISeSat is set to conduct its second Proof of Concept (PoC) for SEALCOIN in January 2025, coinciding with the launch of a new generation of WISeSat satellites. This PoC will demonstrate SEALCOIN's ability to facilitate decentralized transactions in the Internet of Things (IoT) ecosystem by transacting tokens via satellites to IoT devices.
The new satellites will feature enhanced capabilities to support machine-to-machine (M2M) transactions from space. This follows a successful first PoC in August, which validated M2M transactions within a terrestrial framework. The SEALCOIN platform uses Decentralized Ledger Technology (DLT) to ensure secure, transparent, and tamper-proof exchanges, aiming to create a scalable Transactional IoT (t-IoT) infrastructure.
WISeKey e la sua controllata WISeSat sono pronte a condurre il loro secondo Proof of Concept (PoC) per SEALCOIN a gennaio 2025, in concomitanza con il lancio di una nuova generazione di satelliti WISeSat. Questo PoC dimostrerà la capacità di SEALCOIN di facilitare transazioni decentralizzate nell'ecosistema dell'Internet delle Cose (IoT), consentendo il transito di token tramite satelliti verso dispositivi IoT.
I nuovi satelliti presenteranno capacità avanzate per supportare le transazioni macchina-a-macchina (M2M) dallo spazio. Ciò segue un primo PoC di successo realizzato ad agosto, che ha convalidato le transazioni M2M all'interno di un quadro terrestre. La piattaforma SEALCOIN utilizza la Decentralized Ledger Technology (DLT) per garantire scambi sicuri, trasparenti e a prova di manomissione, puntando a creare un'infrastruttura Transactional IoT (t-IoT) scalabile.
WISeKey y su filial WISeSat están listos para llevar a cabo su segundo Proof of Concept (PoC) para SEALCOIN en enero de 2025, coincidiendo con el lanzamiento de una nueva generación de satélites WISeSat. Este PoC demostrará la capacidad de SEALCOIN para facilitar transacciones descentralizadas en el ecosistema del Internet de las Cosas (IoT), transaccionando tokens a través de satélites hacia dispositivos IoT.
Los nuevos satélites contarán con capacidades mejoradas para apoyar transacciones máquina-a-máquina (M2M) desde el espacio. Esto sigue a un primer PoC exitoso realizado en agosto, que validó las transacciones M2M en un marco terrestre. La plataforma SEALCOIN utiliza la Decentralized Ledger Technology (DLT) para garantizar intercambios seguros, transparentes y a prueba de manipulaciones, con el objetivo de crear una infraestructura Transactional IoT (t-IoT) escalable.
WISeKey의 자회사 WISeSat는 2025년 1월에 SEALCOIN에 대한 두 번째 Proof of Concept (PoC)를 실시할 예정이며, 이는 새로운 세대의 WISeSat 위성 출시에 맞춰 진행됩니다. 이 PoC는 SEALCOIN이 사물인터넷 (IoT) 생태계에서 토큰을 위성을 통해 IoT 장치와 거래함으로써 탈중앙화 거래를 촉진할 수 있는 능력을 보여줍니다.
새로운 위성은 우주에서 기계 간 (M2M) 거래를 지원할 수 있도록 향상된 기능을 갖출 것입니다. 이는 8월에 실시된 첫 번째 PoC가 지상 프레임워크 내에서 M2M 거래를 검증한 성공적인 사례를 따릅니다. SEALCOIN 플랫폼은 Decentralized Ledger Technology (DLT)를 사용하여 안전하고 투명하며 변조가 불가능한 거래를 보장하며, 확장 가능한 Transactional IoT (t-IoT) 인프라를 구축하는 것을 목표로 하고 있습니다.
WISeKey et sa filiale WISeSat s'apprêtent à réaliser leur deuxième Proof of Concept (PoC) pour SEALCOIN en janvier 2025, coïncidant avec le lancement d'une nouvelle génération de satellites WISeSat. Ce PoC démontrera la capacité de SEALCOIN à faciliter des transactions décentralisées dans l'écosystème de l'Internet des Objets (IoT) en permettant le transfert de tokens via des satellites vers des appareils IoT.
Les nouveaux satellites disposeront de capacités améliorées pour soutenir les transactions machine-à-machine (M2M) depuis l'espace. Cela suit un premier PoC réussi réalisé en août, qui a validé les transactions M2M dans un cadre terrestre. La plateforme SEALCOIN utilise la Decentralized Ledger Technology (DLT) pour garantir des échanges sécurisés, transparents et à l'abri de toute falsification, visant à créer une infrastructure Transactional IoT (t-IoT) évolutive.
WISeKey und deren Tochtergesellschaft WISeSat planen, im Januar 2025 ihr zweites Proof of Concept (PoC) für SEALCOIN durchzuführen, was mit der Einführung einer neuen Generation von WISeSat-Satelliten zusammenfällt. Dieses PoC wird die Fähigkeit von SEALCOIN demonstrieren, dezentrale Transaktionen im Internet der Dinge (IoT) Ökosystem zu ermöglichen, indem Tokens über Satelliten an IoT-Geräte übertragen werden.
Die neuen Satelliten werden über verbesserte Funktionen verfügen, um Maschine-zu-Maschine (M2M) Transaktionen aus dem Weltraum zu unterstützen. Dies folgt auf ein erfolgreiches erstes PoC im August, das M2M-Transaktionen in einem terrestrischen Rahmen validierte. Die SEALCOIN-Plattform nutzt die Decentralized Ledger Technology (DLT), um sichere, transparente und manipulationssichere Transaktionen zu gewährleisten, mit dem Ziel, eine skalierbare Transactional IoT (t-IoT) Infrastruktur zu schaffen.
- Launch of new generation WISeSat satellites in January 2025 with enhanced M2M transaction capabilities
- Successful completion of first SEALCOIN PoC for terrestrial M2M transactions
- Development of scalable Transactional IoT (t-IoT) infrastructure
- Integration of physical security infrastructure with DLT components
- None.
Insights
This announcement represents a significant advancement in satellite-based IoT transactions. The planned second Proof of Concept for SEALCOIN, utilizing WISeSat's satellite constellation, demonstrates the potential for secure, autonomous machine-to-machine transactions on a global scale. Key points include:
- Integration of blockchain and IoT technologies with satellite communications
- Enhanced security through Secure Element hardware and elliptic curve cryptography
- Potential for a decentralized IoT marketplace enabling autonomous device interactions
While innovative, the real-world impact and adoption of this technology remain to be seen. Investors should monitor the January 2025 satellite launch and subsequent PoC results to gauge market potential. The success of this project could position WISeKey as a leader in space-based digital ecosystems, potentially opening new revenue streams in the rapidly growing IoT and satellite markets.
From a financial perspective, this news indicates WISeKey's strategic positioning in high-growth tech sectors. Key considerations for investors:
- Potential for new revenue streams from space-based IoT transactions
- Diversification of WISeKey's product portfolio, reducing reliance on traditional cybersecurity solutions
- Long-term growth potential in the expanding IoT and satellite markets
However, with a market cap of just
WISeKey Subsidiary WISeSat to Launch Second Proof of Concept for SEALCOIN Token
Zug, Switzerland – October 14, 2024: WISeKey International Holding AG ("WISeKey", SIX: WIHN), a global leader in cybersecurity, blockchain, and IoT solutions, today announced that its subsidiary, WISeSat.Space (“WISeSat”), will conduct the second Proof of Concept (PoC) for SEALCOIN by transacting tokens via satellites to IoT devices. The PoC is set to take place during the launch of a new generation of WISeSat satellites, planned for January 2025. This milestone, once complete, will represent a major leap forward in secure, autonomous machine-to-machine (M2M) transactions using WISeSat's current satellite constellation.
The launch of a new generation of WISeSat satellites will feature enhanced operational capabilities specifically designed to support M2M transactions from space. These next-generation satellites will further strengthen the WISeSat constellation, enabling secure and efficient decentralized transactions across a wide range of IoT devices, marking a new era in space-based digital ecosystems.
This PoC will demonstrate SEALCOIN’s groundbreaking potential to facilitate decentralized transactions in the growing Internet of Things (IoT) ecosystem. Leveraging the SEALCOIN platform, the PoC will enable satellite-initiated transactions to IoT devices without human intervention. The tokens, based on Decentralized Ledger Technology (DLT), ensure secure, transparent, and tamper-proof exchanges, driving the creation of a scalable Transactional IoT (t-IoT) infrastructure.
Previously, SEALCOIN successfully conducted a Proof of Concept (PoC) for Transactional-IoT (t-IoT) between two devices in early August. This milestone marked a significant step forward in the disintermediation of service providers for interconnected devices, showcasing the transformative potential of SEALCOIN’s innovative platform. For a video presentation of the initial PoC, please visit https://youtu.be/daOvoOxqGvQ.
Transactional-IoT refers to the automated communication and transactions between devices within the Internet of Things (IoT) ecosystem. SEALCOIN’s PoC demonstrates the use of advanced technology embedded within a semiconductor device to validate and verify transactions autonomously. At the heart of this innovation is the Secure Element, an embedded security hardware that protects the private key and certificate representing the device’s unique identity. Leveraging elliptic curve cryptography (ECC) compatible with Hedera’s Decentralized Ledger Technology (DLT), the device can simultaneously authenticate and sign transactions on-chain.
SEALCOIN AG
Backed by over 25 years of experience in cybersecurity and secure semiconductor chips, embedded firmware, and trusted hardware provisioning services, SEALCOIN AG, the WISeKey subsidiary housing the SEALCOIN project, is establishing itself as a trusted partner in safeguarding digital assets. SEALCOIN AG was formed in collaboration with The Hashgraph Group AG, and is poised to revolutionize decentralized services and IoT markets.
The SEALCOIN platform will seamlessly integrate physical security infrastructure with DLT components, bridging the gap between traditional secure systems and the decentralized digital future. The platform will ensure that all autonomous device interactions occur within a transparent, secure ecosystem, with SEALCOIN’s TIOT token serving as the key enabler of these interactions. This system is designed to eliminate bottlenecks and vulnerabilities associated with centralized transaction models, ushering in a new era of M2M transactions.
Bridging Satellite and IoT Ecosystems
SEALCOIN’s first PoC was a success, validating the feasibility of M2M transactions within a terrestrial framework. The second PoC will expand this capability to space-based systems, with SEALCOIN tokens transacted via WISeSat’s satellite constellation to IoT devices on the ground. This innovative approach demonstrates the scalability of decentralized infrastructures to handle real-world applications, from energy trading to automated service exchanges.
Towards a Decentralized IoT Marketplace
With SEALCOIN’s TIOT token, IoT devices can autonomously negotiate, execute, and settle transactions securely, without the need for human intervention or centralized intermediaries. This decentralized marketplace allows devices to participate in service-for-payment exchanges and other automated processes, all powered by SEALCOIN’s TIOT token.
Carlos Moreira, CEO of WISeKey, commented, “This PoC marks an important step towards enabling seamless, decentralized M2M transactions from space. With the SEALCOIN token and WISeSat's satellite infrastructure, we are moving closer to a future where IoT devices can securely and autonomously manage transactions across vast, interconnected ecosystems. The upcoming launch of the new generation of WISeSat satellites in January 2025 will further accelerate our vision of a decentralized, space-powered IoT network.”
For more information on WISeSat, SEALCOIN, and their decentralized IoT solutions, please visit www.wisekey.com and www.sealcoin.com.
About SEALCOIN AG
SEALCOIN is a decentralized platform designed to facilitate secure, autonomous transactions between IoT devices. Built on Hedera Hashgraph, SEALCOIN allows devices to engage in seamless service-for-payment exchanges without the need for intermediaries. With a focus on privacy, scalability, and decentralized governance, SEALCOIN is poised to revolutionize the Internet of Things (IoT) landscape.
About WISeSat.Space
WISeSat AG is pioneering a transformative approach to IoT connectivity and climate change monitoring through its innovative satellite constellation. By providing cost-effective, secure, and global IoT connectivity, WISeSat is enabling a wide range of applications that support environmental monitoring, disaster management, and sustainable practices. The integration of satellite data with advanced climate models holds great promise for enhancing our understanding of climate change and developing effective strategies to combat its impacts. As the world continues to grapple with the challenges of climate change, initiatives like WISeSat's IoT satellite constellation are essential for creating a more resilient and sustainable future.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.
WISeKey's work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey's post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.
WISeKey operates as a 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.
For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.
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.
Press and Investor Contacts
| 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
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