What is XYO?

XYO is a platform where physical crypto location signals are detected. Quite a lot of data location services employ GPS service to identify a Proof of location. But still, some of these have proven to be not reliable. XYO came as a solution to their problems. Using blockchain technology, XYO is capable of creating a secure protocol for detecting crypto-location. This can be used in self-driving cars, insurance agencies, e-commerce and such related fields.

The Roadmap

Aimed to create a real-world location network XYO was initiated in 2012. Since then over 1 million beacons have joined in from across the world. Webble launched by XY in 2013, facilitated merchants to interact with customers using the advanced network tools. Bluetooth tracker developed in 2014 by XY, was followed by the Bluetooth location device in 2915. In the following two years, a new version of these products was released to the public. In 2017, XYO network was launched.

The XYO token was created in 2018. Users can access the network using the token issued. XYO, the sale is happening at the moment. Once the sale is over, XY will initiate an XY testnet. In the third and the fourth quarter of 2018, the launch of the XY Oracle main network, API integration for smart contracts, and the release of XY sticker based Trackers will be executed in there steps.

Next year, the plan is to make the global network a larger business and to carry out the expansion project further into 2020.

What makes this special?

The ethereum blockchain is the use of smart contracts and DApps. This has helped in the use of crypto – economic principles and the blockchain to seep into many organizations around the world. But one area was kept in the dark. That is the area of finding out the specific locations and verifying locations. Therefore XYO network is designed to come to their rescue.

Blockchain has quite rapidly changed the tech industry in such a way that unclear area have got cleared and decentralized, independent and step-less accounting book.

This trustless, decentralized cryptographic location network with zero knowledge proofs, the XYO is capable of establishing a high degree of verification regarding locations.

XYO network Components

XYO comprises of four primary components – sentinels, Bridges, Archivists, and Diviners. These are geo-focused, consensus–building and trustless verification of local data.

Every now and then, more and more service providers emerge in the blockchain market. But XYO NETWORK is capable of providing smart-contract in location verification.

This project was started with the aim to develop this into a digital ecosystem which evolves in a short time and in the world to become more important than Bitcoin and Ethereum. The reason for this is that these are designed to suit the online world, whereas XYO network is designed for both online and offline uses.

What XYO provides in the real world and its advantages for people?

First and foremost as discussed previously, XYO network is focused on decentralized geolocation. This is done by with the help of GPS. XYO has been researching on creating new methods and location systems. It expected to create an environment where information is secure, stable and fast. A system which flows smoothly with no interruptions.
XYO has duty functions. It provides its user's geopositioning with great accuracy and speed and also establishes a platform that is entirely decentralized. This is a system where the user and the application intervene and correlate, without the imposition of third parties or mediators - which would also result in high costs. Most importantly money that moves markets depend on location is about 11 trillion dollars a year. Other markets comprise about 400 billion dollars in its capital of cryptocurrencies or 2.77 trillion dollars in B2C sales online.

How can XYO Network provide this service?

XYO is entirely a digital platform. Using geo centralization with the help of cryptography, it allows the transmission of data in a secure and balanced way, preventing any cyber attacks or failures.

Technology incorporated optimized platform

XYO has the possibility to build a virtual panorama based on accuracy transmission of data. With its own specific style makes no allowance for mistakes.

Due to sentinels location identity is secure and accurate and foolproof.
The “bridges” which constitute the XYO Network assures that the information is following accurately and without delays-despite the magnitude of the data transferred.

File cabinets are also a special technology employed to protect and store information. This data backup is decentralized. As to the authenticity of the data flowing through the system- the fortune tellers are incorporated, thereby maintain balance and excellence in the XYO Network.

Context in which the XYO Network can be put to use?

With geolocation being an important part of the real world, XYO network plans to improve the function and the information following through and thereby improve our lives. When online transactions take place, the buyer and the seller will be able to keep a track of their product at all times and avoid the hassle of being worried over the losses and expenses of tracking it down. Auto–agencies can use it to track down vehicles, airline agencies to detect suitcases and the national security to control weapons, etc. Most importantly the reduction of human deaths because of the errors in the system can also be reduced with this technology.

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Author's Details:

Bitcointalk Username: SanjeewaCrypto

Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1673942