MXC & Polkadot – Driving the Next Data Boom
How market necessity continues to drive innovation within the hearts of MXC and Polkadot.
MXC Foundation ($MXC) has set its sights on delivering the new, revolutionary digital world of tomorrow. Allowing data packets to transmit more efficiently, more often and over longer distances, the Berlin based $MXC has uncovered the key to making Smart Cities a success, an aspect MXC believes will take the token to the masses.
However, before MXC achieves the crypto holy-grail of token “global adoption”, there is a final hurdle to face, a hurdle that MXC has been preparing for since inception, a hurdle that, in 2021, they plan to overcome.
During the throes of the 2017 Crypto Bull Market, investors began to explore more possibilities: “Combining Data with the “Internet of Things” (IoT) was viewed as a logical use case for Tokenization. Investors were drawn to the idea of:
- Live data streams allowing data to trade around the clock and within seconds
- Token micro-payments in exchange for extremely small data packets
- Borderless transactions without the need of expensive currency exchanges
- A reliable and secure protocol that minimizes the risk of financial exchange
But, as we all know, many of these early tokens and technologies struggled with real-world adoption, stopping them from becoming global brands and leaders within the blockchain and Data worlds. One might think that this was due to the complex nature of crypto or a lack of users, but the real reason appears to be much deeper than that; a reason that strikes at the core of blockchain technology: the lack of interoperability, or in simple terms, chains simply aren’t compatible with one another.
For example, if one city were to choose to run a new blockchain solution for their Smart City needs, who can ensure that this system is the right one for them, both now and in the future? What if the city wishes to add features in the future that are not commensurate with their chosen single-chain token? This issue has led many city officials to balk at the idea of committing to a single-chain token solution.
Fortunately, recent developments within the world of blockchain technology are beginning to provide solutions to these old problems. Most notably, the MXC Foundation has witnessed this rapid change first-hand, signing multiple massive Smart City deals with the Shanghai Yang-Pu Government, and across South Korea. The development that enabled this progression in Smart City technology is provided by Polkadot, the next-gen blockchain protocol that allows several specialized blockchains to freely connect in one unified system. Imagine for a moment a scalable and interoperable platform for decentralized systems, allowing multiple different chains to work in parallel (as parachains) in the transmission, payment and procurement of data.
This development in blockchain technology is proving to be the real driver of adoption, providing the power of interoperability with MXC and Polkadot on a global scale.
“There has never been a better time to increase IoT interoperability and MXC intends to be the driver of change within the Data industry”. “Building on the technology of Polkadot, we believe we’re forging the way of future Data transmissions”, says Aaron Wagener, the Co-Founder of MXC.
This MXC Foundation strategy has resulted in a groundswell of support within the Data & IoT industry, with many anticipating some big movements at MXC. Add to this the 2021 MXC candidacy announcement for the Polkadot Parachain Slot allocation and it’s clear that things are moving in earnest. Such inclusive, open-chain strategies are bringing the vision of a multi-chain data world one step closer to reality.
We’re living in exciting times, and as exciting as the world of Data, IoT and blockchain already is, it’s the development of interoperability that has MXC and Polkadot supporters expecting a flurry of mass global adoption, an adoption that will see data thrust into the blockchain spotlight in 2021, driving the next data boom.