WISeKey’s SEALCOIN project leverages Hedera DLT

WISeKey International is inviting companies to participate in a machine-to-machine PoC for its t-IoT technology, codenamed Project SEALCOIN. This PoC aims to showcase the transformative potential of SEALCOIN by demonstrating the disintermediation of service providers in interconnected devices, allowing them to communicate and transact autonomously. The result is a streamlined process that enhances efficiency, reduces costs, and creates a more seamless IoT ecosystem. At the core of this PoC is the use of technology embedded within semiconductor devices, which autonomously validates and verifies transactions. SEALCOIN features a Secure Element-an embedded security hardware that protects the private key and certificate representing each device’s unique identity. Leveraging elliptic curve cryptography, compatible with Hedera’s Decentralized Ledger Technology, these devices can simultaneously authenticate and sign transactions on-chain, ensuring security and transparency in real-time.