Pioneering AI-Enabled UWB Solutions

Truesense Secures Seed Investment with Magic Spectrum and The Hashgraph Group

Truesense, a European leader in Ultra-Wideband (UWB) technology, AI-driven platforms, and smart nodes, is proud to announce the successful closure of its first seed investment round with Magic Spectrum and The Hashgraph Group (THG). This strategic investment will reinforce Truesense’s growth plans in software, AI, blockchain, and platform solutions, enabling cutting-edge UWB applications across multiple industries leveraging Hedera’s distributed ledger technology (DLT).

Converging Blockchain and UWB Technology

The integration and convergence of blockchain with UWB technology represents a revolutionary step towards providing secure and traceable node-to-node communications. The Hashgraph Group, with its Hedera-powered DLT platform and Hedera-certified engineering team, provide the ideal distributed framework and Web3 expertise to enhance the UWB capabilities of Truesense and enable multiple industry use cases, such as:

• Secure transactions for physical access control (e.g., offices, venues, transport hubs)
• Local mobility solutions, such as automated ticketing and car-sharing authentication
• Seamless interaction for pay-content services, including digital entertainment and media
• Real-time and immutable asset tracking solutions and smart contract-based automation

Truesense’s UWB Capabilities

Truesense develops advanced smart UWB nodes for ranging, radar, and a variety of applications, including secure access control, real-time location services, health monitoring, and smart tracking. By integrating AI-driven software with robust hardware solutions, Truesense enhances these capabilities, delivering precise, efficient, and intelligent UWB communications across industries such as mobility, logistics, security, healthcare, and smart environments.

Celebrating the Investment Partnership

Speaking on the investment partnership, Armando Caltabiano, CEO of Truesense, said, “This new investment further strengthens our market position and underscores the trust in our solutions for secure, real-time wireless interactions. Partnering with The Hashgraph Group and leveraging their advanced Hedera technology will enable us to push the boundaries of UWB applications, delivering scalable, high-performance solutions that redefine the way devices communicate, transact, and interact in an increasingly connected world while ensuring compliance, security, and legal traceability of digital transactions.”

The Future of UWB and Blockchain

The Hashgraph Group and Truesense are already collaborating and developing a new generation of UWB-powered TV and Mobile device interactivity that, in combination with Hedera’s distributed ledger technology, will unleash new Web3-enabled consumer loyalty and engagement solutions that directly interact with digital media content. Through an initiative called Symera, the integration and convergence of UWB technology and DLT to create a suite of gamification and loyalty programs will improve consumer engagement mechanisms and supercharge value creation for many direct-to-consumer (D2C) enterprises, while leveraging artificial intelligence and behavioral science.

Conclusion

In conclusion, the investment partnership between Truesense and The Hashgraph Group marks a significant milestone in the development of UWB technology and its applications. The integration of blockchain and UWB technology has the potential to revolutionize industries such as media, sports, and telecommunications, enabling secure, real-time, and traceable interactions. As the world becomes increasingly connected, Truesense and The Hashgraph Group are poised to play a leading role in shaping the future of UWB and blockchain technology.

FAQs

Q: What is the significance of the investment partnership between Truesense and The Hashgraph Group?
A: The investment partnership marks a significant milestone in the development of UWB technology and its applications, enabling the integration of blockchain and UWB technology to provide secure, real-time, and traceable interactions.

Q: How will the integration of blockchain and UWB technology benefit industries such as media, sports, and telecommunications?
A: The integration of blockchain and UWB technology will enable secure, real-time, and traceable interactions, enabling new revenue streams through Web3-centric loyalty programs, peer-to-peer consumer interaction, gamification, and micro-transactions.

Q: What are the key applications of UWB technology?
A: UWB technology has a wide range of applications, including secure access control, real-time location services, health monitoring, and smart tracking, as well as applications in mobility, logistics, security, healthcare, and smart environments.

Q: How will the collaboration between Truesense and The Hashgraph Group benefit consumers?
A: The collaboration will result in new Web3-enabled consumer loyalty and engagement solutions that directly interact with digital media content, improving consumer engagement mechanisms and supercharging value creation for D2C enterprises, while leveraging artificial intelligence and behavioral science.