XYO Network - Blockchain developers can now interact with physical world

gadgetsan (60)in #ico • 8 years ago (edited)

If you are reading this article, then you are a very self-confident person, completely ready to plunge into the real life of the future. In our time, more and more houses are moving into smart technologies. Machines are switched to autopilot; the Internet takes a huge part of our everyday life. However, do you have the exact reliability that your smart technologies won’t let you down? If you are thinking about this problem, and it began to bother you, then this is a very correct course of thought! And in order to develop it, read this article further, here I will tell you about the latest, working on the blockchain technology – platform. And it will help you to cope with any fears!

XYO Network

Blockchain developers can now interact with physical world

Every so often comes a new technology that changes the way we live. When Thomas Edison invented the light bulb in late 19th century, he lit up the world. And we haven’t lived the same since.

When the Wright brothers became the first to achieve flight at the turn of the last century, this changed the way we traveled around the world. When the Internet became one of the main resources in 90s, whole world became connected. Now a new technology has emerged that will change our way of life, and institutions such as banks and governments will shake up while they do it. If you think Bitcoin and Etherium shocked the world, you need to see what's next.

This new breakthrough will be greater than both of them combined. This will change lives of millions of people in all corners of the world and will touch untapped markets.

MEET ETHEREUM

Goal of the XYO Network is to create reliable, decentralized location system oracles, which are resistant to attacks and give maximum confidence in case of a request for available data. They achieve this through a variety of abstractions that significantly reduce the risk of spoofing the location through a chain of evidence for zero knowledge of the components system.

This system provides an entry point to the protocol of connected devices, which provides high reliability of location data through a chain of cryptographic evidence. Users can issue transactions called "requests" to obtain a portion of the location data on any blockchain. Aggregators from the XYO Network then listen to these requests, specified in the contract, and get the answers that have the highest accuracy from a decentralized set of devices that relay cryptographic evidence to these aggregators. These aggregators then return these responses to a smart contract after reaching a consensus on the answer with the best result. This network of components can determine whether an object is in a particular XY coordinate at a given time, with the most demonstrable, indisputable assurance.

Token Sale Proceeds

Proceeds from XYO Token Generation Event are distributed in accordance with the long-term development goals of the XYO Network, which include the financing of important Ethereum projects (for example, Casper Protocol, Sharding, scaling initiatives and location-based lock projects implemented by small development teams)

Team

• Arie Trouw (Founder & Architect)

Currently, he is chief executive officer, chief financial officer, chief operating officer and chairman of the Board of Directors. Prior to the XY-The Findables Company, Arie was CEO and Chairman of Pike Holdings Inc and Chief Technology Officer of Tight Line Technologies Ltd. He received his Bachelor of Science in Computer Science from the New York Institute of Technology. Interesting fact: he is a member of one of the first Afrikaan families who immigrated to the USA from South Africa in 1976.

• Scott Scheper (Co-founder & Head of Marketing)

Scott has worked on many exciting businesses with exceptionally talented people, including Co-Founder Uber. Scott's first "real boss" was Arie Trouw, who hired Scott in 2009 during a recession, when very few companies were recruited, and even fewer companies. What started as an application for Facebook applications with four guys and a ping-pong table, has grown to more than 200 employees and 9 figures in earnings in less than two years.