Chinese Company Creates Blockchain-Based Water Treatment System
China Mobile, a leading Chinese telecommunications company, has developed a water purification system on blockchain, seeking to make the technology more accessible to ordinary people, CoinDesk reports, referring to local media.
China Mobile IoT, the company’s division, created a water purifier having an integrated computing chip and an IoT module. Along with many other similar products, it will gather information on users' activity necessary for manufacturers and suppliers.
Xiao Yi, China Mobile IoT marketing director, states that the smart device will differ from many of its counterparts by providing consumers with tokens in exchange for their data. This is where blockchain is involved.
Depending on the frequency and duration of the water purifier exploitation, customers will be awarded the PWMC tokens, which can later be exchanged for replaceable filters or used to buy other related products.
Thus, blockchain, according to Xiao Yi, will become accessible to people who do not even understand the technology and cryptocurrency. The company's aim is to popularize blockchain and the crypto sphere.
It is stressed that the product is not intended for the mass consumer. Currently, it is available only as part of a crowdfunding campaign on JD.com. The organizers plan to collect $30,000 until January 21, 2019.
Previously, a study of PANews revealed that 40% of Chinese residents intend to become crypto owners in the near future.