Stepwyze.io, a blockchain developer and software solutions provider, is launching a cryptocurrency project that would be the first of its kind for global Special Economic Zones (SEZs). The SEZT cryptocurrency will be initially developed for use within the SEZs but will be used in a wider scope as adoption increases, said Stepwyze.io CEO Todd Kandaris.

Kandaris said, "The SEZT represents a value proposition for the creation of a digital economic ecosystem, specifically tailored for the use of blockchain applications, and to provide a utility token as the medium of exchange, initially used within, and between qualified special economic zones globally."