Harnessing the power of BlockChain Technology to create a Global Physical Address and Identification System.
More than half of the world's populations have no physical address. This is something we, in the developed parts of the world, take for granted and spend very little time thinking about.
But, if you think about it, why is it so imprtant? If there is a medical emergency, where do you tell the ambulance to go? If you buy a cellphone, do you have to give proof of address? If you open a bank account, do you have to provide proof of address? If you order something online, where do they deliver the parcel? If you register a business, what address to you put on the form? If you have a business, where are your orders delivered to? How do you send out invoices with no address?
The above is just some of the examples that these people can not do, because they have no way of indicating or providing proof that they reside at a certain location.
My Place X provides that solution using Blockchain technology.
The My Place X system makes use of 3 important technologies; smartphone technology, GPS and Blockchain technology. We will be implementing a type of blockchain that effectively is an unmutable distributed relational database.
The user records the GPS co-ordinates using his smartphone. Since the accuracy of smartphone GPS is 6 m at best, the user also takes a photo of the residence. All this information, together with more traditional information, e.g. ID photo, name, surname, traditional address information (if available), is recorded and encrypted using the user’s private keys. More elaborate information, such KYC, ID number, etc are stored at a later date and linked to the original information block.
When the user wants to retrieve the information, he submits to the network a list of the information fields he wants to provide to the end user, the network nodes and servers validate his request, they retrieve the information from the main blockchain and store the encrypted information on a sidechain for only a limited time period. The end user can then retrieve that information from the network within that time period and decrypt it using the users public key. The transaction is considered to be completed.
(Naturally it is a lot more complicated, but is does explain the basic principles of the system)
The My Place X system will accept existing cryptocoins to pay for the transaction fees.
The MPXT tokens are purely there to determine the Proof of Stake. A wallet will be provided to trade these tokens.
The system needs nodes and servers, distributed across the globe, to run the system. You can provide that.
A substantial income can be earned from providing that service and therefor it is a unique opportunity for the people that run these nodes and servers.
How about helping My Place X to help these people?
More than half of the worlds population do not have a proper identifiable address and that excludes them from the more developed society.
Run a node and server and give them dignity and respect by acknowledging their existance.
Help us increase adoption and welcome these people into our society.
You do not have to be a mega company or investor to run a node and server. Income is directly proportional to the amount of tokens owned.
The system requires a lot of other supplementary services, e.g. GPS pin-pointing, ID Photos, technical assistance, etc.
Come and join us, and help the forgotten people become part of the rest of the world.
The stated objective of all governments is to alleviate poverty and to ensure all citizens are a comprehensively part of that country’s society.
My Place X does this by providing an identification and address system to each citizen and thus allow them to be counted, giving them dignity and respect.
Join us in helping your citizens ...
My Place X will only issue one type Token for sale, the MPXT Token. The function of this token is to determine the Investor‘s “Proof of Stake”. The “Stake” by the Investor is directly proportional to the “Return of Investment” the Investor can realise. We see the cost of the total amount of MPXT Tokens owned by the Investor, as a licence “fee” to run the software and to be able to earn a fee. The higher the cost of the “Stake” the Investor paid for, the more transactions his/her nodes and servers will proses and the more the Investor will earn in Transaction Fees. A minimum quantity of 10 000 MPXT tokens are required to be eligible to run a node and server. The total number of nodes and servers processing transaction is not limited as it currently is in other existing Crypto Systems.
The transaction fees in the network will be based on one or several available and stable cryptocurrency coins, to be selected at a later date.
MPXT Tokens will only be listed, for trading, on an exchange in December 2020. We are looking for long term committed investors that will walk the road with us ......
Entrepreneur, Business Manager, Software Developer and IT Specialist, Researcher, Engineer, My Place X Algorithm and System Developer, Engineer.
Master Degree in Engineering from the University of Stellenbosch, South Africa.
Registered Engineer with Engineering Council of South Africa
Entrepreneur, Business Manager, System Designer, Software Developer, Engineer.
Bachelor Degree in Electronic Engineering from the University of Stellenbosch, South Africa.
Entrepeneur, Business Manager, Project Engineer, Advisor
Master Degree in Project Engineering from the University of Pretoria, South Africa.
International Patent Holder
Arlene has more than 15 years experience in Marketing & Sales.
Nothing provided herein shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This web site is not created in accordance with, and is not subject to, laws or regulations of any jurisdiction which are designed to protect investors.Information provided herein does not constitute an offer, solicitation or sale of the MPXT tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. Some restrictions on purchase of the MPXT tokens may apply. Please check with your legal adviser.
Certain statements and estimates contained here in constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements. The exchange rate is not guaranteed and may vary for different purchasers depending on the price of the purchased MPXT tokens, the total number of the MPXT tokens sold, and other factors.
Spot-X Liited is a software developing company which is developing the Software for My Place X. Token sales are the purchase of an operating licence from Spot-X to run the My Place X network and not equity, or profit share/dividends or any other form of asset in Spot-X Limited.
© 2018 Spot-X Limited, Seychelles. All Rights Reserved!
Spot-X Limited is a registered company in Seychelles, Reg.no. 207231 and Spot-X SA Pty Ltd, the South African Division, is a registered company in South Africa.
South African Registered Office: 6 Pax Street, Port Elizabeth, South Africa.