SEALCOIN – Decentralized Transactions

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Introduction

The SEALCOIN whitepaper provides a detailed technical overview of the platform’s architecture, tokenomics, and use cases. This document is the foundation of SEALCOIN's development and includes the technical principles, regulatory framework, and implementation strategies that power the ecosystem.
Read the whitepaper

Summary

SEALCOIN AG is building a platform to enable AI agents and IoT devices to transact autonomously. At its core is the QAIT token, a hybrid utility and payment cryptocurrency that powers this decentralized economy. The project leverages Decentralized Ledger Technology (DLT) and smart contracts to allow machines to negotiate and settle service-for-payment exchanges without human intervention. The platform's security is future-proof against emerging threats from quantum computing, as it is designed to integrate post-quantum cryptographic algorithms into its secure hardware. This innovative approach aims to revolutionize the IoT ecosystem, creating a more efficient, secure, and interconnected future.

Platform

The SEALCOIN platform is designed to onboard and manage both users and devices securely. It integrates a streamlined onboarding process with Know Your Customer (KYC) checks and Role-Based Access Control. The platform enables autonomous, service-for-payment transactions between devices using smart contracts. It is developing a decentralized marketplace where devices can offer and request peer-to-peer services. The platform also features non-custodial wallets, real-time monitoring, and advanced analytics tools.

SEALCOIN is a pioneering force in the emerging Transactional-IoT and M2M economy, where connected devices can securely and autonomously transact with one another. This vision goes beyond simple automation, enabling a new era of decentralized commerce where machines, including AI agents, become self-sufficient economic actors.

  • Disintermediation: By enabling direct, peer-to-peer transactions between devices, SEALCOIN eliminates the need for third-party intermediaries. This reduces costs and enhances the efficiency and reliability of IoT interactions.

  • Autonomous Service-for-Payment Exchanges: Devices within the SEALCOIN ecosystem can autonomously negotiate, execute, and settle transactions based on preconfigured parameters. This allows for a wide range of services, such as energy trading, data exchange, and automated service provisioning, to occur without human intervention.

  • Secure Authentication: Every transaction is cryptographically authenticated using the device’s unique digital certificate, which is secured by a hardware-based Secure Element. This ensures that only trusted and verified devices can participate in the network, protecting the integrity of all interactions.

Governance

The governance model will start as a centralized structure under SEALCOIN AG to ensure regulatory compliance and operational stability. The long-term plan is a progressive transition to a more decentralized, community-driven model through a Decentralized Autonomous Organization (DAO). This approach is designed to balance initial control with the project's long-term vision of full decentralization.

Platform Architecture

Detailed overview of SEALCOIN’s decentralized architecture, from IoT device registration to smart contract execution, token handling, and transaction processing.

Tokenomics

An in-depth explanation of the QAIT token's dual utility/payment function, the Proof of Security (PoSy) mechanism, and how the tokens circulate within the platform.

Use Cases

Real-life examples of SEALCOIN’s applications in different industries such as energy trading, supply chain automation, AI agents, and decentralized data marketplaces.

Regulatory Compliance

The whitepaper outlines SEALCOIN’s compliance with global regulations and financial frameworks, including FINMA (Swiss Financial Market Supervisory Authority).

Empowering AI Agents

SEALCOIN’s platform is built to support the future of AI agents. These agents can be granted economic independence to operate on behalf of their owners, performing tasks and making decisions in a decentralized environment.

  • Seamless Value Transfer: AI agents can use SEALCOIN’s DLT infrastructure to automatically execute payments, ensuring secure and verifiable transactions.

  • Autonomous Decision-Making: An AI agent can independently monitor a system (e.g., inventory levels), negotiate terms with a supplier (another machine or agent), and complete a transaction via smart contract without human input.

  • Enhanced Efficiency: The autonomy afforded to AI agents results in faster decision-making, optimized processes, and reduced transaction costs, creating a more agile and resilient operational environment.

The SEALCOIN (QAIT) Token

The QAIT token is the foundation of the SEALCOIN ecosystem, combining utility and payment functionalities. It provides access to the platform and serves as the medium of exchange for all transactions. The tokenomics model is designed for price stability and security, with a fixed supply of 10 billion tokens. A Proof of Security (PoSy) mechanism incentivizes high-volume participation by requiring entities to lock up tokens to onboard and manage devices, which in turn strengthens the network’s security.

The token’s primary utility functions include:

  • Securing IoT Devices: It strengthens device authentication and network integrity.

  • Validating Intercommunication: It ensures reliable and tamper-proof transactions between devices.

  • Powering Payments: It facilitates decentralized device-to-device (D2D) payments within the ecosystem.

The platform also employs a Proof-of-Security (PoSy) mechanism that combines security, economic incentives, and governance. Participants can lock up their QAIT tokens to enable the secure and pre-validated registration of IoT devices, reinforcing the network’s reliability.

Partners

WISeID

As a digital identity platform, WISeID provides secure identity management for SEALCOIN users and devices, ensuring tamper-proof digital identities for all participants.

SEALSQ

An affiliate of WISeKey, SEALSQ specializes in secure semiconductors and Public Key Infrastructure (PKI). The partnership provides the secure microcontrollers and cryptographic services that are fundamental to SEALCOIN's security model.

Hedera Hashgraph LLC

Hedera's DLT platform is the backbone of the SEALCOIN ecosystem. The partnership provides the underlying infrastructure for secure, transparent, and immutable transactions between IoT devices, using Hedera's smart contract and token services.

The Hashgraph Group

THG is a minority shareholder of SEALCOIN AG and a key strategic partner. The group provides technical expertise, strategic support, and funding to assist in the development and deployment of the platform.

WeCan Group

This partnership integrates SEALCOIN's blockchain-based IoT ecosystem with WeCanGroup's compliance and data security framework to enable secure device-to-device transactions and identity verification.

Thomson Metavisio

We partnered with Thomson Metavisio to integrate our agent technology into an initial 2,000 Thomson laptops. This collaboration marks one of the first real-world implementations of decentralized computing in consumer hardware.