Semtech and MXC Foundation announce open LoRaWAN Networks
Summary
“We are excited to be working together with Semtech to leverage the long range, low power and security benefits provided by LoRaWAN networks,” said Xin Hu, CEO of the MXC Foundation. The resulting open blockchain LoRaWAN networks help communities take advantage of various Smart City solutions to maximise 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 can mine cryptocurrency and improve their own data transaction exchanges while simultaneously sharing in MXC supernode profits. 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.
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