SEALSQ Corp. announced that in partnership with The Hashgraph Association, have launched a new digital asset built on Hedera Network that caters to the Decentralized Physical Infrastructure Network (DePIN) sector, by enabling billions of internet connected devices to autonomously engage in seamless data and currency exchanges. Under the umbrella of Transactional Internet of Things, (TIoT), SEALCOIN is a hybrid payment and utility token for enabling billions of internet-connected devices to autonomously engage in seamless data and digital asset exchanges.

For example, IoT (Internet of Things) devices from various companies can now interact and access a range of services as well as transactions. This could include smart home devices where SEALCOIN could facilitate seamless payment for services like energy consumption, maintenance, and other services without human intervention. The list of applications goes on to include supply chain management, autonomous vehicles, smart cities, energy trading and more.

A significant milestone is being reached with the release of a M2M Proof of Concept (PoC) enabling the disintermediation of service providers for interconnected devices. The release is scheduled for mid-July 2024, with a comprehensive demo planned shortly thereafter, showcasing the innovative capabilities of SEALCOIN in enabling Service vs Payment transactions between machines. SEALCOIN is expected to launch in Fourth Quarter 2024 and will then be listed on a digital asset exchange.

The launch will introduce the Purchasing and Tokenization of Certificates (MVP), marking a major step forward in bridging a strong physical network to the secure Digital infrastructure of Hedera?s network.