California-based Semtech is collaborating with the MXC Foundation, a German organisation dedicated to powering IoT on blockchain, to deploy open networks leveraging the LoRaWan protocol.

“We are excited to be working together with Semtech to leverage the long range, low power and security benefits provided by LoRaWans,” said Xin Hu, CEO of the MXC Foundation. “The combination of blockchain technology and LoRa devices allow us to quickly provision and connect the growing number of crypto miner M2 Pro devices that contribute to the MXC ecosystem. The resulting open blockchain LoRaWans 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 USA, Europe, Korea and Russia, and recently reached a smart city partnership with the government of Hangzhou, China.

MXC’s blockchain business model uses participants who serve as supernodes who deploy and share their own personal IoT gateway, producing a massive data highway with extensive LoRaWan coverage. Individuals can mine cryptocurrency and improve their own data transaction exchanges while simultaneously sharing in MXC supernode profits.

“Semtech is dedicated to the development of innovative IoT strategies,” said Marc Pegulu, vice president at Semtech. “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. MXC’s model not only incentivises members to own and operate a piece of its network, but their participation helps reinforce the position of LoRaWan as the ideal standard of choice for low power wide area networks applications.”

Semtech’s LoRa device-to-cloud platform is a long range, low power option for IoT applications, enabling the rapid development and deployment of low power, cost efficient and long range IoT networks, gateways, sensors, modules and IoT services worldwide. Semtech’s LoRa devices provide the communication layer for the LoRaWan protocol, which is maintained by the LoRa Alliance, of which Semtech is a founding member.

Based in Berlin, the MXC Foundation is a purpose built IoT foundation with the mission to inspire fast, efficient, decentralised data exchanges using LPWAN, blockchain and token technology.