SEALCOIN AG, a subsidiary of WISeKey, has launched a decentralized Physical Internet Network (DEPIN) project with strategic investment from The Hashgraph Association. The project aims to revolutionize the Internet of Things (IoT) landscape by enabling autonomous transactions and service-for-payment exchanges among IoT devices using Hedera's decentralized ledger technology. The SEALCOIN utility token will facilitate secure interactions between devices and participants, addressing the demand for efficient and trustworthy transactions in the IoT sector, particularly in Transactional IoT (t-IoT). The Hashgraph Association's investment will support SEALCOIN AG in developing scalable IoT transaction solutions, providing technical expertise and strategic guidance in Web3.

SEALCOIN Launches DEPIN IoT Entity with Strategic Investment

WISeKey and SEALSQ Corp have joined forces with The Hashgraph Association to deploy IoT and DePiN solutions in Saudi Arabia and the Middle East. This collaboration will utilize Distributed Ledger Technology (DLT) to bolster security and efficiency in IoT and DePiN applications. The Hashgraph Association, a Swiss-based organization specializing in digital innovation and DLT solutions through the Hedera network, will work closely with WISeKey and its partners in Saudi Arabia to offer robust DLT solutions. WISeKey has been active in KSA since 2020 through its joint venture, WISeKey Arabia, with Saudi Advanced Technologies Company Ltd (SAT), a subsidiary of Juffali Group. The partnership aims to develop secure IoT and DePiN solutions for various sectors, including retail, finance, smart cities, healthcare, and transportation, aligning with Saudi Vision 2030's digitization goals and the broader MENA region's needs.

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SEALCOIN Launches DEPIN IoT Entity with Strategic Investment

WISeKey and SEALSQ Partner with The Hashgraph Association for IoT and DePiN Solutions