Xensor, a business that previously developed and manufactured IoT sensor hardware, tackled the challenge to provide the IoT infrastructure required to construct smart cities. In doing so, Xensor decided to adapt blockchain technology and cryptocurrency ecology to solve the two ever-looming problems of IoTs: frail security, and high investment as well as maintenance costs.
Xensor project has elevated the efficiency of data storage and transactions by automating specific points of data management, and has simultaneously lowered the cost of constructing IoT communication networks. In addition, Xensor plans to apply an incentive policy to its hardware clients by tokenizing data and providing monetary value to the data provided. These aspects play important roles in the structure of the Xensor ecology.