China Mobile to Unveil Blockchain Water Purifier

The device writes user behavior data to the SWTC public blockchain
09 January 2019   338

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 Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   28

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.