Artificial Intelligence, Automation, Robotics, IoT, and Digitalization – we often hear these buzzwords nowadays, in every sphere of the technology society. However, what these words are actually doing is creating the premise for a brand-new world for us to live in. A world which will be driven by technology & data. We are talking about a world of automated commutation, technology driven houses, and borderless financial transactions – basically a world where machines do all the work with minimum manual intervention.
With this new change we will also witness emergence of new business models and opportunities. It will no longer be enough just to adapt to change, but rather to envision projects for the future and start creating solutions which would automatically lead to emerging as the next market leader and game-changer. Today we will be looking at one such organization: MXC (Machine Xchange Coin) which is creating disruptions in the IoT domain, to create the world’s biggest distributed data network.
In simple terms, MXC
is leveraging blockchain technology to create a global decentralized data sharing economy. As we progress towards a digital world, we expect a surge in usage of IoT (Internet of Things) devices. From the current usage level of about 20 billion IoT devices
, it is expected to grow to approx. 120 billion devices
worldwide, in a matter of just 10 years. MXProtocol
acts as an interface to connect these devices, to interact and to communicate without human intervention. The biggest challenge in device communications currently is that the current infrastructure has a low range, consumes high energy and there are chances of data-loss, due to collision as the usage increases. MXC solves this problem by using LPWAN (Low Power Wide Area Network) on blockchain. This allows greater range of up to 40 Kms, compared to 200m range of Wi-Fi, 0.3% power consumption when compared to 3G and an enormous battery life of 5 years.
The process adopted here is scalable and easy to execute: Sensor-> Gateway-> Repository-> Mobile Applications/Other services. The execution is done by creating purely decentralized gateway nodes operated by the community. This creates a residual income source for the participants and enables fast, reliable and accurate data for the end users that, subsequently, can be used for various business and real time decision-making purposes. MXC
offering can be broadly categorized into 3 categories.
What is MCX TOken? Is MCX token a good investment?” data-blog-inner=”image” />
As shared in the introduction, technology is making greater inroads in our day to day life and that’s what will fuel the growth of the MXC project. Here are a few examples of real life use-cases where MXC is creating, or will create, an impact in days to come.
Token Economics:
The MXC decentralized data platform is built on public owned blockchain which is a fast, scalable, private network with high security features. The token MXC is the native token of the MXProtocol and the key growth driver here would be the huge volume of micro payments amongst the devices without manual intervention.
Total supply of the token is 2.66 billion (which is suitable, considering the micro payments it will be used for) with allocation in the following split: Team 20%, Early Investor 20%, Private Sale 30%, Public ICO 10%, Foundation 20%. The token can be stored and staked in the AXS wallet.
Key Achievements: The key to the success of the MXC project is a community adoption at a global level and Team MXC is making substantial headway in acquiring global partnerships, which will act as role models for other cities to adopt sooner or later. Furthermore, the team is also working towards backward integration by doing tie-ups with hardware manufacturers to make their devices compliant to communicate on MXProtocol. As of now, they have hardware agreements in over 40+ countries, making MXC available on a global lever from day one. Now in regards to smart cities, MXC has grabbed data network implementation projects from 2 of the most popular and busiest cities across the globe.
MXC conceptually is a revolutionary project, which has the potential to create a positive impact on human life by making it easier and simpler. Up to this moment, they have already started making strategic inroads. The potential is huge, as we are talking about MXC usability in multiple aspects of our day to day life. Also, the concept correlates with Mr. Satoshi Nakamoto’s vision of a true decentralized economy. If you are an investor with a long-term vision and you believe in the future of technology, then this is certainly a project you wouldn’t want to miss DYOR!
For further information on the MXC Foundation, use the following links:
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