SEALSQ Launches Industry Research and Development Initiative Blending IoT with Cryptocurrency Mining

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.