Blockchain: Shanghai Launches Smart City Program with MXC Blockchain Startup (in 2019)

shanghai

The aim of a Smart City is to improve the quality of life of people. A smart city is the development of of cities that have everything to improve and  facilitate the life of its citizens by advanced digital technologies. This comprises of blockchain, IoT and artificial intelligence as well as robotic process.

Also, the aim of a Smart City is not only to improve the lifestyle of people. But also, to improve sustainability, increase efficiency levels as well as to accelerate economic development. Using advanced technologies like blockchain and IoT.

Blockchain – China technological innovation

China is very famous for its technological innovation. And seems like it will continue with its interest in blockchain and IoT supported Smart Cities.

Government of Yangpu and MXC Foundation

MXC Foundation
MXC Foundation

A recent development which indicates that the Government of Yangpu collaborated the MXC Foundation to build an IoT-based Smart City.

Berlin-based blockchain startup, MXC Foundation will completely support the Shanghai Smart City program.

‘Low Power, Wide Area Network’, (LPWAN)

MXC uses a highly innovative and advanced technology called ‘Low Power, Wide Area Network’, (LPWAN). The technology allows radio-based equipment to communicate with 5g protocols and facilitating an IoT.

Network

Ma Qing (Yangpu District Vice Deputy Director of Science and Technology Committee) stated that their agreement with the MXC Foundation will rapidly increase industrial innovation. Also, it will provide high-quality social organizations, enterprises among others thanks to the increased efficiency of the city’s IoT network.

One only has to look at rising population levels to see the significance of efficient Smart Cities. Also, to leverage the advantages of IoT for better efficiency and sustainability levels. In 1950, just two megacities (population of 10 million or more) existed in the form of Tokyo and New York.

It is believed that this figure will exceed 40 megacities mark in 2030. However, it is predicted that the greater Shanghai area will have more than 170 million residents, eventually creating a ‘gigacity’.

MXC Smart City Pilots Continue to Thrive

This is not the first time that MXC and their underlying LPWAN protocol has been used to pilot the development of Smart Cities. For instance, MXC had agreed to integrate smart sensors across New York in the late 2018.

Furthermore, the idea behind the employment of sensors is to collect large amount of data to assess optimization levels for waste management.

MXC Blockchain

In the long-run, New York officials aim is to reduce operational costs with these large data sets stored securely on the MXC blockchain. The sensors will also gather data with the hope of reducing traffic congestions.

South Korea

Blockchain and IoT

Additionally, recently announced South Korea pilot is an example of an MXC-backed Smart City project. Once again, blockchain and IoT supported technologies will aid in collecting big data pertaining to earthquake detection of fine dust signals.

Conclusion

Frequent pilots implemented across New York, South Korea and now Shanghai is definitely a step in the right direction. Eventually, we are probably some time away from a fully-fledged smart city in the purest form.

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