Author: Wang Yanhua
On Wednesday, Machine Exchange Coin (MXC) held a meetup in Singapore.
COO of MXC Aaron Wagener spoke at the event, which was an intimate session with around 60 attendees. The setting allowed for candid questions to be raised.
Angel investor Eddie Lee told Block Asia, “I’m here to find out more about the MXC project. It’s highly promising and the speaker Aaron was able to confidently address all the tough questions during the Q&A.”
Based in Berlin, MXC is a non-profit foundation promoting the global adoption of low-power wide-area network (LPWAN) technology. MXC automates machine to machine (M2M) transactions, and has a vision of decentralising big data and enabling a device data economy.
A LPWAN is a type of IoT technology. It is designed to allow long range communications at a low bit rate among connected objects.
With the introduction of the MXC, adopters of LPWAN technologies can trade LPWAN gateway access or sensor data for MXC.
Daryl Lim, a data analyst from a local bank, said “I really enjoyed the event. The speaker was able to explain in detail about how blockchain could be used in IoT. I also asked about how data quality can be ensured. He was able to explain the steps his company is taking to achieve superior data quality using AI and the current state of development.”
The meetup was hosted by Longhash, a blockchain incubator from Singapore.
Event organiser from Longhash John Lim said, “The turnout was good. It was a full-house event and we even had a delegation from Jakarta who flew in to meet the speaker and find out more about what MXC is doing.”