China Mobile to Unveil Blockchain Water Purifier

The device writes user behavior data to the SWTC public blockchain
09 January 2019   621

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.

Binance to Start US Expansion

Site operator and US partner of the exchange BAM Trading is registered with FinCEN as a money transfer operator, but it operates only in California
14 June 2019   204

Binance in partnership with BAM Trading Services will open the US division called Binance US.

Note that BAM Trading, which will act as the site operator, is registered with FinCEN as a money transfer operator, however, it operates only in the territory of California.

We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.
 

Changpeng Zhao

CEO, Binance

BAM Trading involves the mechanisms of the match and the principles of working with wallets that are implemented on the parent platform.

It is worth adding that FinCEN did not verify the information provided by BAM Trading, and the fact of registration is not a recommendation, confirmation of legality (activity) or direct support of a business by a government department.

From September 12, the parent platform Binance.com will stop serving American users.

At the same time, the exchange will no longer serve users who violate the provisions of the Terms of Use: they will retain access to their wallets with funds, but will not be able to trade.