China Mobile to Unveil Blockchain Water Purifier

The device writes user behavior data to the SWTC public blockchain
09 January 2019   495

IoT-division of the world's largest mobile operator China Mobile has developed a water purifier, which uses the blockchain technology, CoinDesk reports.

A computer chip and an IoT module are built into the innovative water purifier. The device collects user behavior data that may be of benefit to manufacturers and suppliers. The device writes data to the SWTC public blockchain, developed by Jingtum, a technical partner of China Mobile.

Users can earn PWMC tokens, the number of which depends on the activity of using the device. For accumulated coins, you can purchase replacement filters for water purifiers and other products.

According to the product market director Xiao Yi, such a reward system is unique and effective. There are no such solutions in other devices of the Internet of Things. In addition, the new solution makes the blockchain technology available to the average user who does not spend all his time on crypto trading.

Our goal is to also attract those who are not in the cryptocurrency or blockchain community, who may have heard of this technology but not necessarily understand it. To embrace a more mainstream adoption, we need to turn something that appears professional into something that’s very ordinary.
 

Xiao Yi

Prodect market director, China Mobile IoT

The mass production of a new water purifier is still a distant perpective. The product can only be bought by participants in the crowdfunding campaign, which is held on the platform from JD.com.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.