For the past few years, MatchX, MXC, and our family of M2 Pro Miners have been building a global decentralized LPWAN Network. MXC has already discovered many use-cases and utilized our network to solve those issues. Of course, they are always looking for more ways to bring more adoption to the MXProtocol.
The Energy Conference Network hosts the world’s largest oil and gas digitalization events — “IoT in Oil & Gas” and “Blockchain in Oil & Gas”. These conferences hosted some of the most respected energy experts, thought leaders, and industry executives shaping the future of oil and gas. Including:
- A case study by Shell.IoT (the IoT division of the Shell Corporation)
- Todd Anslinger IIoT & Automation Specialist — Chevron
- The Revolutionary NEON Contact Sensor
The most noteworthy piece that came from this conference: LoRaWAN has yet to be broadly utilized across enterprise and industrial use-cases. The presentations with the most questions were often based around low-powered wide area networks. Some of the case studies (i.e. Shell.IoT), ended up solving solutions that saved the company millions of dollars every single year, as well as creating safer processes in the daily operations.
Why is this the case?
For years, connectivity has been driving to increase power and speeds. Sending data quickly and efficiently is the name of the game. However, for smaller packets of data, LTE and 5G are more than superfluous — it can be extremely costly in terms of cost and energy used.
In addition to the solution that LPWAN provides, there are many new sensors being developed — such as the NEON Contact Sensor. This sensor is “based on magnetic field detection, and the asset’s position information is provided by the NEON Contact Sensor and made remotely available within the application platform in near-real-time. When applied for a variety of use cases, these wireless devices can contribute to increased production efficiency and reliability of operational processes. NEON Sensors are very user-friendly to be installed and maintained,” (Een WebNL site, TWTG, 2022). In short, sensors like NEON provide multiple solutions in one sensor, and when powered by gateways like the M2 Pro Miner, they become very cost efficient.
LoRaWAN is a low-power wide area network (LPWAN) specification intended for wireless battery-operated Things in a regional, national, or global network. LoRaWAN targets key requirements of Internet of Things such as secure bi-directional communication, mobility, and localization services.
The LoRaWAN specification provides seamless interoperability among smart Things without the need for complex local installations and gives back the freedom to the user, developer, and businesses enabling the roll out of Internet of Things devices.
- Low-power gateways and devices/sensors
- Long-distance data transmission
While companies like Chevron and Shell.IoT are making strides to standardize qualified sensors and gateways, there is still current and future difficulty in standardizing a network across the world. The conference even hosted a panel on the challenges of IT and OT collaboration and cooperation. One of the speakers said, “We were considering using [a decentralized] network, but weren’t interested in mining cryptocurrency.” Although decentralization (like LPWAN) is less than utilized in this technology, industries like Oil & Gas are beginning to see the benefits — both in utility and cost of operation.
Benefits of Decentralizing a LPWAN Network:
- Large coverage area
- Open source
- Uniform connectivity and documentation
Some Use Cases of the M2 Pro Network:
- Edge AI Smart Camera
- NFT verification
- Smart parking
- Pollution control
- Smart water metering
- Smart lighting
- Metaverse (NFC & NFT) — track and trace goods (Gin 1689)
Why Join the Movement?
One of the best parts of decentralizing an LPWAN network like MXC Foundation has done, it allows almost anyone to get involved. The M2 Pro Miner rewards you for having one! Tl;dr — YOU can own a piece of this network, and be rewarded with multiple tokens that can be mined by different tiers of participation.