MXC will financially reward individuals, businesses and governments by tokenising the active monitoring of pollution and for taking measures to reduce it.
German-based Internet of Things (IoT) token, MXC, has announced an environmental programme, pledging up to $12m to network participants for actively contributing to clean air.
According to the MXC Foundation, its Particle Depletion Programme (PDP) seeks to ensure that current and future generations live in a cleaner, low-risk environment, extending both the length and quality of people’s lives.
When it comes to causes of premature death, the risks posed by global air pollution are now only exceeded by behavioural and metabolic factors. Furthermore, air pollution and poor access to quality air is the number one leading environmental risk factor, far surpassing other environmental risks that have too often been the primary focus of public health measures in the past, according to the World Health Organisation’s report, State of Global Air/2019.
With deaths caused by air pollution slowly on the rise, MXC said it decided to take a “disruptive course of action”.
“The MXC PDP is a global first, set to drastically revolutionise the way society approaches the catastrophic air quality epidemic facing public health in society today,” said Aaron Wagener, co-founder at the MXC Foundation, a purpose-built blockchain foundation.
The PDP aims to bring all sides together in order to solve an issue affecting everyone, in a united effort. The PDP financially rewards individuals, businesses, and governments by tokenising the active monitoring of air pollution particle precipitation levels and for taking active measures to significantly, and continually, reduce air pollution on an ongoing basis.
The MXC Foundation is set to financially support those which drastically reduce their global footprint. Governments will also be rewarded for introducing policies based on the qualifiable incoming data provided by the LPWAN air quality sensors.
“Often, many smaller parties get left out of the environmental impact on change, and more often than not they are the ones directly affected by the new environmental changes"
The PDP will leverage the MXProtocol to allow data to be sent, allocated, and measured over extreme distances. Data transmitted using MXProtocol devices then easily compile and analyse the air quality data collected from sensor hardware sources.
Once the predetermined particle precipitation levels reach the targeted amount, set by the World Health Organisation standards, MXC’s M2M wallet automatically releases the payment.
This will lead towards a completely mapped scan of how effective ongoing regional and local efforts to reduce air pollution actually are, rewarding participants for ensuring their monitored levels remain safe, benefiting the environment and the wider community.
“One of the most exciting elements of the MXC PDP is not only that it attempts to solve real-world issues facing humanity, but it does so using a comprehensive, all-inclusive approach,” added Wagener.
“Often, many smaller parties get left out of the environmental impact on change, and more often than not they are the ones directly affected by the new environmental changes. MXC changes this approach, allowing everyone to get involved.”
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