Shenyang Government chooses MXC to solve Urban Traffic Challenges
By: Mxc Official
Tags: Blockchain, Mxc Foundation, Cryptocurrency, China, IoT

Smart Traffic Management

Shenyang is an important industrial center in China, working as the transportation and commercial hub for the North-East of China with many links to Korea, Russia and Japan. Consequently, they can see the benefits of a partnership with MXC, whom will provide a full stack solution, including hardware produced by MXC’s exclusive partner, MatchX as well as the innovative Blockchain protocol developed by MXC. With Shenyang being a transportation hub, MXC’s smart traffic management solution, aims to impact with innovative technologies, included but not limited to smart parking, traffic monitoring and transportation resources allocation.

Shenyang’s Choice

The two companies have been working together to create smart traffic solutions, and this has been successfully endeavoured in Europe and attracted a lot of interest. They work at building an IoT foundation, with an agenda of creating a fast, efficient and decentralised data exchange using LPWAN and Blockchain and Token technology. Pairing their MXC (Machine Xchange Coin) a smart IoT cryptocurrency with advanced LPWAN technology to facilitate fast secure and vastly scalable transactions.

This newfangled smart traffic management will help Shenyang work more effectively as a transport hub, by helping the government to allocate its resources to maintain and expand. Using the smart traffic management will enable people to be able to save time looking for a car parking space and will also allow the government to be able to monitor traffic via data, not by human observation. This data-driven automation and decision-making will soon propel Shenyang to secure its place within the Chinese industrial hub. The new smart traffic management solution will begin its initial rollout in 2021.

MXC, Accelerated by Shenyang Government

In an extended support for MXC, the Government of Shenyang has agreed to invest into the MXC Foundation. Furthermore, the government additionally has pledged to leverage its Big Data Operations Bureau to guide MXC’s continued momentum in the region. Working with Shenyang Big Data Operations Bureau is a great honour for any company, as the Bureau provides valuable connections to industry giants such as ZTE, Alibaba, and other household-name brands. Moreover, the Shenyang government will avail MXC by providing expert help in both technology and regulatory framework.

Miners & Token Holders

This is an exciting time for MXC miner and holders. Shenyang is already a city that experiences full coverage thanks to MXC miners operating their M2 Pro Miners. These miners, in turn, will experience a higher demand for their network which could prospect increased earnings for their mining operations.This new deal could also potentially see the demand for MXC tokens rise, as more solutions could seek to utilise solutions produced by MXC while paying the necessary network fees in its native MXC token. Moreover, with another significant government backing in China, a valuable avenue for future corporate partnerships is now open for MXC.