Reading their "study", they say that NexQuest Life sciences is the manufacturer of this technology.
Reading the studies on NexQuest's website, nothing can conclude that the supposed improvement in sleep quality, immunity or stress reduction can't be attributed to Placebo effect.
Looks a lot like "new age crystals meet watches".
You can generate any number of seeds from one ledger. Not practical since you have to restore it when you want access but doeable. Just store the seeds properly.