SelTrac has been around since the mid 80s, and was originally a German developed product (Standard Elektrik Lorenz) based on LZB technology.
My understanding of LZB is limited, but it appears to be a fixed block system with wayside detection of trains, albeit with shorter blocks than lineside signals would usually have. This is different to SelTrac which is moving block.
Yeah, LZB internally is based on fixed blocks - but on a system with block lengths down to 50 meters (as in the Stammstrecke München [1]), the difference is negligible.
Crazy to see that SelTrac was actually developed in Berlin, failed there, but is still in widespread use across the world.