Xensor, a company previously engaged in the development and production of IoT sensor hardware, has adopted blockchain technology and cryptocurrency ecology to solve two increasingly prominent problems of IoT: poor security, high investment and maintenance costs high. The Xensor project improves the efficiency of data storage and transactions while reducing the cost of building IoT communication networks by automating specific data management points.
Xensor Tokens (XSR) will be used to exchange data collected from the aforementioned IoT network between interested parties, thus trading on the decentralized data marketplace created by Xensor. XSR tokens can also be mined with Xensor hardware, and owners of Xensor hardware can be compensated for providing data. XSR can also be used to purchase services provided by Xensor, including solution services, hardware maintenance, hardware purchases, and communication network services.