GENEVA - SEALSQ Corp (NASDAQ:LAES), a company specializing in semiconductor, PKI, and Post-Quantum technology, announced today the launch of SEALDATA, a new service aimed at enabling clients to monetize their Internet of Things (IoT) data. This service is expected to leverage the growing value of IoT data by providing a platform for users to convert data from their devices into a revenue stream through the use of SEALCOIN, a new cryptocurrency set to be released by the end of the second quarter of 2024.
SEALDATA is designed to cater to IoT product owners who are looking to benefit financially from the data generated by their devices. The service proposes a business model where insights derived from IoT data can be sold to third parties interested in such information. This approach suggests a potential for the widespread distribution of IoT products, possibly at no cost, to collect valuable data sets.
The company highlighted several real-world applications for SEALDATA, including the sale of data from sensors in cars to firms needing real-time information on road conditions and traffic patterns, and the use of IoT medical data to improve healthcare delivery through advanced analytics and artificial intelligence.
SEALSQ emphasizes the mutual benefits for both data providers and consumers within this ecosystem. IoT device owners would receive SEALCOIN in exchange for their data, while data purchasers gain access to information that could refine their services and products.
The announcement also touched upon SEALSQ's commitment to cybersecurity, particularly in the healthcare sector, where the protection of sensitive patient data is paramount. The company's solutions reportedly include advanced encryption and compliance with regulatory standards to ensure secure integration of IoT technologies in healthcare and other industries.
This news is based on a press release statement from SEALSQ Corp. The company's forward-looking statements reflect its aspirations to lead in the development of Post-Quantum technology and to secure a share of the quantum semiconductor market. However, as with all forward-looking statements, there is no guarantee that these expectations will materialize, and they are subject to risks, uncertainties, and assumptions.
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