According a recent announcement, the IoT industry finally has access to a clearing house for roaming and settlement service in the Low Power Wide Area Networks sector. A select group of IoT industry veterans and global thought leaders launched this week The Digital Services Exchange, or the DSX, which is a dedicated IoT interoperability and monetization services exchange that is designed to enable and support the next generation of roaming and settlement services for LPWAN. DSX is based on blockchain and a new distributed ledger, which reportedly makes monetizing microtransactions within the IoT a practical and commercial reality.
DSX is being steered by a board of advisors led by the Chairman Mike Mulica (News - Alert). Mulica has stewarded companies in emerging technologies for years, leading toward new large global markets that have changed the way the world works. His public and private company experience includes Synchronoss, Openwave, Phone.com, RealNetworks (News - Alert) and most recently, Actility.
The DSX Platform will introduce an e-commerce economy designed to complement LPWAN, including those built using the widely-adopted LoRaWAN standard. It is built over the top of the LoRaWAN protocol, which is supported by 60 publicly announced national and large-scale communication service provider networks and operators worldwide, has more than 700 city deployments and is supported by more than 500 device manufacturers. The millions of devices that are already in the field will not require any software or hardware update.
The Digital Services Exchange is initially designed to meet the demands of the more than 100 Service Provider networks and thousands of Enterprise LPWAN in existence today. Based on blockchain technology, DSX will maintain a standard application programming interface and is architected to meet the needs of all IoT networks and device types in the future.
“IoT is about bits, billions, and cents,” said Mulica. “All participants across the IoT ecosystem are looking for ways to monetize IoT data. DSX fills critical gaps in realizing the monetization of connected devices and the data extracted from these devices, especially in our new world of heterogeneous networks. First geared for LPWAN, DSX’s technology will scale across the full scope of the IoT.”
The company is built on a corporate platform operating in complete compliance with international regulatory requirements. The DSX message exchange is located in a secure datacenter in the Free Trade Zone of Uruguay and pays zero tax, which makes the exchange fee the only expense to perform microtransactions. DSX is working with the Central Bank of Uruguay to use a token as a payment method for this IoT Data Exchange. DSX will build a strong global foundation on Uruguayan governmental approval to accept and issue crypto tokens.
DSX offers a fully distributed, auditable and protected ledger. It will rewrite the rules of how LPWAN networks transact business, the company said.