I'm guessing it's probably edge sealer, as well. But I guess if they had some silicone laying around, they could have used that as well.
I've always tried to avoid the edge sealer when I can. It makes removal more difficult, and it's easy to make it look sloppy.
The only reason I've used it in the past was when we had a heavy ink saturation on a wrap that caused the edges to lift after install. The ink didn't have enough time to dry and outgas, so it added some headaches to the install. But even then, we used the edge sealer as a spot treatment, not over every edge or seam. The good news is that the wrap still looked good a year later (last time I saw it).
If you've had issues with your wraps lifting at the edges or seams, you can use the sealer. But I don't think it's often necessary.