“The combination of block chain technology and LoRa devices allow us to quickly provision and connect the growing number of crypto miner M2 Pro devices that contribute to the MXC ecosystem,” said MXC CEO Xin Hu. “The resulting open blockchain LoRaWAN networks will help communities take advantage of various Smart City solutions to maximize efficiency and reduce operating expenses.”
MXC is connecting communities with open-source wireless communication networks in the US, Europe, Korea, and Russia, and recently reached a strategic Smart City partnership with the government of Hangzhou, China.
MXC’s blockchain business model utiliSes participants who serve as “supernodes” who deploy and share their own personal Internet of Things (IoT) gateway, producing a massive data highway with extensive LoRaWAN network coverage. Individuals are able to mine cryptocurrency and improve their own data transaction exchanges while simultaneously sharing in MXC supernode profits.
“Semtech is dedicated to the development of innovative IoT strategies. With MXC Foundation’s commitment to using LoRa devices and the LoRaWAN protocol, its mission to deploy open blockchain networks is a success for all stakeholders,” said Marc Pegulu, vice president of IoT Product Marketing for Semtech’s Wireless and Sensing Products Group.
