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NYC adopts Smart City Tech with MXProtocol IoT Standard

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NYC adopts Smart City Tech with MXProtocol IoT Standard

Berlin-based Blockchain non-profit MXC, announced the launch of their “Smart City IoT Standard”, the MXProtocol, in New York City in cooperation with MatchX GmbH and Citiesense. The 2019 NYC Smart City Program will see hundreds of Smart Sensors & LPWAN Gateways deployed across the business districts in NYC. These high tech sensors will manage local assets and collect data to optimize waste management by using detailed data to reduce operational cost and decrease traffic congestion; improving local residents’ quality of life.

“This is a big day for New Yorkers and for the future of IoT,” said MXC Co-Founder Aaron Wagener. “Using the MXProtocol and the insights of Citiesense we’re significantly increasing data reach and efficiency, ultimately improving the lives of all citizens throughout the city.”

“Data has the potential to massively improve efficiency and reduce our environmental impact around the globe,” said Starling Childs, CEO of Citiesense. “By incorporating the LPWAN standard, we’re ensuring that data is transmitted both reliably and efficiently.”

“LPWAN is the most energy efficient and reliable technology for wireless transmissions in smart cities,” said Xin Hu, CEO of MatchX. “This joint partnership will function as the model for future smart city integrations.”

2019 is expected to usher in a “new wave” in Blockchain technology, with a clear focus on integration and real-world implementation. With more international cities expected to roll out throughout 2019, MXC is focusing on giving Blockchain a true purpose within the IoT world.

The MXC Foundation is a purpose-built non-profit with the mission to inspire fast, efficient, decentralized data exchanges using LPWAN and Blockchain technology. The MXC team believes that MXC paired with LPWAN is the next step in the fourth industrial revolution, creating a Smart City Standard for the Future of IoT.

Contact Details

MXC Foundation

  • Website
  • Jeffrey Stahlnecker
  • Email
  • Office: +49 (0)3040364399 EXT 165
  • Mobile: +49 15678 562108

Citiesense

  • Starling W. Childs
  • Email
  • (860) 733-2695

MatchX

  • Prajay Raghu
  • Business Development
  • Email
  • Office: +49 (0)3054908830 EXT 17
  • Mobile: +49 17674112278


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Guest Post

Recruit’s funding division, RSP, announces investment partnership with COTI blockchain enterprise.

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Recruit’s funding division, RSP, announces investment partnership with COTI blockchain enterprise.
Source: Market Across

Recruit, a Japanese-based investment enterprise with a $50 billion market cap, announced that its next major blockchain investment will be in COTI. COTI is a revolutionary, block-less and miner-less blockchain designed to solve many of the scalability issues faced by cryptocurrency. Recruit has established a blockchain specific Blockchain Tech Fund in response to the growing number of opportunities within the blockchain space.

What is Recruit?

Recruit is an international investment leader offering a stake in all stages of business investment opportunities across a variety of tech industries. The company has a particular interest in blockchain, fintech, robotics, AI, and business application services. Companies including BitFlyer, Shift, Udacity, and 99Designs have benefited from strategic investment partnerships with Recruit.

Source: Market Across

Source: Market Across

Recruit created its Blockchain Tech Fund specifically to address the enormous potential of blockchain technology. To support the unprecedented expansion of blockchain-based technological advances, a high level of support from traditional investment partnerships and business models is necessary.

The Recruit Blockchain Tech Fund provides rapid funding of auspicious blockchain technology projects. RSP funding is available throughout all stages of project development, from seed round through growth and expansion.

The Blockchain Tech Fund uses token fundraising to support new business model development in its investment partnerships. This strategy effectively promotes blockchain business expansion as well as mainstream blockchain adoption.

Appeal of COTI

COTI, or Currency of the Internet, offers a unique and promising solution to a global issue using blockchain technology. This issue is scalability.

Regardless of technological advancements, traditional blockchain structures have proven incapable of scaling to meet the needs of a global market. This is particularly true as blockchain expansion continues to move into mainstream business fields.

COTI is based on a Directed Acyclic Graph [DAG] protocol. This structure eliminates both blocks and miners, drastically reducing size and energy expenditure. According to COTI’s website, the platform seeks to provide transaction services at a lower cost than even fiat payments.

Using COTI, organizations can build unique payment solutions. By digitizing a currency of choice, payers and payees can save time and reduce the significant cost of transaction services.

Further bolstering its security capabilities, COTI stores funds in offline, cold wallets, safe from hacking and cyber attack.

COTI and RSP

As COTI and Recruit move toward similar end-goals, promoting and developing the expansion of blockchain technology, both companies recognize the potential for widespread blockchain benefit.

Shahaf Bar-Geffen, COTI CEO, stated,

“We’re pleased to have made it on the radar of the RSP Blockchain Fund and its larger mission of making leading blockchain projects known to the world at large. This is a notable accomplishment for COTI and further anchors our belief in the enormous potential of the technology market in East Asia.”

Source: Market Across

Source: Market Across

Blockchain industry stands to see tremendous benefit from this partnership, as both parties seek to further the expansion and growth of blockchain throughout the traditional business enterprise.

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