Shanghai is the world’s most populous city, with a population of just over 26 million. At such height of population, the importance of data becomes ever so stark. However, each mission of collecting the right set of data involves a large scale effort and a large enough infrastructure to support it. Especially with connected devices reaching a higher number than 26 million, a new, sustainable data highway must be built. Shanghai also happens to be a popular place for many headquarters that hails from all over the world. With favorable market conditions and highly engaged customer base, hundreds of companies establish themselves in the city to bring the next innovation. Even though each organization is an excellent innovator in its own rights, the inventions tend to be fragmented from one other and fails to communicate with other projects.
MXC is providing an innovative solution to the government of Shanghai Yangpu District. As the government installs sensors to measure different aspects of the living, breathing city, the demand for new infrastructure that can support such a massive amount of data traffic becomes an utmost necessity. Along with the rise of IoT devices – such as smart streetlights, connected home furniture, and even smart parking spaces – the requirement is a sustainable, new Data Highway. MXC is bringing decentralized LPWAN (Low Power, Wide Area Network) to Shanghai. The decentralization aspect empowers all residents of the city to participate by installing their own LPWAN gateways, registered with the MXProtocol. To ensure that the entire urban area is covered, MXC has already begun a series of hardware rollouts. Utilizing LPWAN instead of much-discussed 4G and 5G brings multiple benefits. LPWAN uses fewer resources, thus becoming both economically and environmentally sustainable. It invites residents to take part, unlike heavily centralized 4G and 5G. With LPWAN-based MXProtocol, millions of data transmission can occur collision-free. Built-in Smart Machine Bidding (SMB) also gives way for time-sensitive data to travel faster. All data transmissions in MXProtocol are End-to-End encrypted, tamper-proofing data each data transmission with titanium security. This allows for more accountable and trustworthy data for the government and other organizations involved, resulting in smarter governance. The entire MXProtocol is powered by the MXC token.
As mentioned, Shanghai is the home to hundreds of companies that are bringing the next wave of innovation. However, the counts of a dozen “smart” projects lack inter-connectivity. Each smart project may be groundbreaking, yet fails to achieve any synergizing effect as these projects do not communicate with each other. The exclusivity of each project’s platform can be inconvenient to the residents of Shanghai. Hence, MXC is bringing Smart City IoT Standard to Shanghai. Using the open-source MXProtocol as the foundation, smart projects can effectively solve long-dreaded issues such as scalability and data transmission efficacy. Without intensive technological changes, projects that are built on MXProtocol can be better connected to other smart projects, and monetize the data they collect on the interchain data market. The MXProtocol allows for smart projects to build together, share data, monetize collected data, and be rested in security while doing so. It also allows the government of Shanghai to enjoy heightened benefits, thanks to the collaborative series of innovations.