Geneva, Switzerland, April 15, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp (“SEALSQ” or “Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today unveiled its innovative R&D projects blending IoT with cryptocurrency mining for the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices.
The concept of integrating Internet of Things (IoT) devices with cryptocurrencies mining represents a significant innovation in the use of smart devices. SEALSQ is currently developing this technology as part of a research and development project. The full integration of IoT devices with cryptocurrency mining and payments is planned to coincide with the availability of the SEALCOIN token, which will serve as a critical component of this system. This approach ensures that once implemented, IoT devices will not only perform their standard tasks but will also engage in mining and transactions securely and efficiently, safeguarded against potential cyber threats.
Imagine your home smart meter not just tracking energy usage but also earning a small fraction of Bitcoin in the process. This scenario is becoming a tangible reality through the integration of Internet of Things (IoT) technology with cryptocurrency mining. As smart devices around the home evolve, an unexpected new functionality emerges: the ability to mine cryptocurrency. Securely powered by SEALSQ semiconductors and enhanced with Matter certificates, this smart meter does more than just measure your electricity—it participates actively in the digital economy, ensuring safe and efficient operation while tapping into the lucrative world of cryptocurrency mining.
The deployment of this project will enable IoT devices to not only mine cryptocurrencies but also to process transactions directly, leveraging their operational downtime. This forward-thinking project is poised to transform everyday electronic devices into active participants in the cryptocurrency market, creating additional value and utility.
As a pioneer at the forefront of technology, SEALSQ is steering the future towards an innovative convergence of the IoT and cryptocurrency mining. This integration represents a significant step in the evolution of smart technology, merging everyday functionality with economic productivity.
With technological advancements, the processing capabilities of IoT devices continue to improve, making them increasingly suitable for cryptocurrency mining activities. SEALSQ is exploring the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices. This research aims to further integrate the realms of smart technology and cryptocurrency, paving the way for a sustainable and efficient mining process.
The concept of utilizing IoT devices for cryptocurrency mining is still in its nascent stages, yet it embodies the innovative spirit of merging two revolutionary technological trends. While there are practical and technical challenges to address, the idea of transforming smart devices from mere convenience tools to active participants in cryptocurrency mining is a thrilling prospect.
As SEALSQ ventures into this new territory, a meticulous and thoughtful approach is paramount. The potential of IoT devices to contribute to economic activities, beyond their conventional uses, requires careful consideration to overcome obstacles and fully realize the opportunities this technological fusion offers.
About SEALSQ
SEALSQ is at the forefront of technological innovation in digital security and semiconductor technology. With a focus on developing solutions that address the challenges of the post-quantum era, SEALSQ is committed to ensuring the security and integrity of digital interactions and transactions across various industries.
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 SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the success and timeline of SEALCOIN’s launch; the timeline for and the successful release of the Machine-to-Machine (M2M) Proof of Concept (PoC); SEAL’s token Issuance and Exchange Listing before the end of 2024; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp 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.
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