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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.
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:
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 Statements
This communication expressly or implicitly contains certain forward-looking statements concerning
Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com | SEALSQ Investor Relations (US) Tel: +1 212 836-9611 / lcati@equityny.com Tel: +212 836-9612 / kmurphy@equityny.com |
Source: SEALSQ
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