Semtech has announced that it is collaborating with MXC Foundation, an organization dedicated to enabling the future of IoT advancement on blockchain, in its efforts to deploy open networks leveraging the LoRaWAN protocol. Semtech says that the combination of block chain technology and LoRa devices allows them to quickly provision and connect the growing number of crypto miner M2 Pro devices that contribute to the MXC ecosystem. The resulting open blockchain LoRaWAN networks is expected to 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 U.S., Europe, Korea and Russia, and recently reached a strategic Smart City partnership with the government of Hangzhou, China. MXC’s blockchain business model utilizes participants who serve as “supernodes” who deploy and share their own personal IoT gateway, producing a massive data highway with extensive LoRaWAN network coverage. Individuals can mine cryptocurrency and improve their own data transaction exchanges while simultaneously sharing in MXC supernode profits.
MXC’s model not only incentivizes members to own and operate a piece of its network, but their participation helps reinforce the position of LoRaWAN as the ideal standard of choice for low power wide area networks applications, says Semtech.
Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products and IoT services worldwide. Semtech’s LoRa devices provide the communication layer for the LoRaWAN protocol, which is maintained by the LoRa Alliance, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 100 countries. Semtech is a founding member of the LoRa Alliance.
MXC Foundation | www.mxc.org
Semtech | www.semtech.com