Electricity consumption in South Korea is becoming a problem, having risen over 550 percent during the past three decades. Overstressed power-plants are struggling to keep up, causing occasional blackouts and other issues in the national grid.
We're working closely with Korean company WithSystem to provide a consumer alert system, letting people know when the grid is struggling so they can turn off an extra appliance or two to avoid that blackout. Construction on the consumer alert system is planned to begin late 2019.
As our new office takes shape, we decided to host a party for some of the kings in Crypto. This week we'll host VeChain, Gate.io, Fenbushi and Longhash for a small mixer, for them to get a close look at our new office, get to know our team, and hear more about how MXC is changing the world, one partnership at a time.
Co-Founder Aaron Wagener will join a panel discussing blockchain adoption Friday May 17 at the LongHash Cryptocon Vo.2. If you're in Berlin, this is an event you don't want to miss! Last time Aaron was on a panel, he promptly told the other panelists they were wrong, and explained in depth the logic behind it. How will he mix it up this week? You need to be there to find out! Or watch next week's news update.
After the panel we are sponsoring a Hackathon Challenge on LPWAN and smart bidding. Take a look at the link in the description below to participate and gain a chance to win a sizeable prize in MXC. Honestly, when I saw this, I thought about becoming a developer.