Truesense Secures Strategic Investment from The Hashgraph Group to Advance Blockchain and AI-Driven UWB Technology
- Editor
- Feb 25
- 1 min read
Whats Happening:
Truesense, a European leader in Ultra-Wideband (UWB) technology, has secured a strategic investment from Magic Spectrum and The Hashgraph Group. This investment will support Truesense's growth in software, AI, blockchain, and platform solutions for UWB applications across multiple industries, leveraging Hedera's distributed ledger technology.
Key Moves:
Truesense secures investment from Magic Spectrum and The Hashgraph Group
Partnership aims to enhance UWB capabilities with Hedera's distributed ledger technology
Collaboration focuses on developing Web3-enabled consumer loyalty and engagement solutions
Key Quotes:
"This new investment further strengthens our market position and underscores the trust in our solutions for secure, real-time wireless interactions," said Armando Caltabiano, CEO of Truesense.
"The increasing global adoption of Hedera's distributed ledger technology and convergence of ultra-wideband technology is enabling an ever-growing number of enterprises in the Media, Sports, and Telco sectors to generate new revenue streams," said Stefan Deiss, CEO of The Hashgraph Group.
Bottom Line:
The strategic investment in Truesense by The Hashgraph Group marks a significant step in advancing UWB technology with blockchain and AI integration. This collaboration aims to revolutionize secure, real-time wireless interactions across industries, potentially transforming consumer engagement and loyalty programs through Web3-enabled solutions.
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