SEALSQ, WISeKey, and The Hashgraph Association recently announced an official partnership. The parties will collaborate to bring reliable DePIN and IoT solutions to Saudi Arabia.
The collaboration has been established, keeping Saudi Arabia’s Vision 2030 in mind. The initiative aims to create a complex regional digital infrastructure to elevate economic competitiveness.
Coming back to the parties, Saudi Arabia has chosen a diverse pack to reach its goal. SEALSQ is a company that makes and sells Post-Quantum technology software and hardware, Semiconductors, and PKI.
WISeKey, the parent company of SEALSQ, is a worldwide leader in digital identity, IoT, and cybersecurity. The Swiss-based association The Hashgraph Association is a leader in DLT solutions and digital innovation.
This is not the first time The Hashgraph Association has worked with the Saudi Arabian authorities. The Swiss-based leader previously announced a 250-million-dollar Deep Tech Studio. The studio aims to develop technological solutions, including AI and blockchain, for local businesses.
The association will work with WISeKey and related regional partners to deliver a reliable decentralized ledger technology. With names like EA Juffali & Brothers Group, The Hashgraph Association will enhance the efficiencies and security of Blockchain, DePIN, and IoT solutions and apps throughout the MENA region and Saudi Arabia.
WISeKey has been a pivotal name in KSA ever since 2020. It has a joint venture with Saudi Advanced Technologies Company, a subsidiary of Juffali Group. Carlos Moreira, SEALSQ’ Chairman and CEO, talked about the collaboration.
According to Moreira, every party involved in the collaboration is thrilled to be working with industry leaders. The partnership will lead to the development of secure DePIN and IoT solutions for financial, healthcare, transportation, smart cities, retail, industrial, and other sectors.
The parties will deliver a 360-degree suite of solutions that include blockchain, IoT infrastructure, and blockchain required for Saudi Vision 2030, added Moreira.
