XYO Network - "Bridge" Between Blockchain Technologies and Traditional Developments
The potential for blockchain application is greater than we imagine today. In Bitcoin, it was only used as a mean of storing information about transactions. Ethereum revolutionized that: In it, the blockchain is the basis for executing smart-contracts.
But blockchain possibilities were not fully disclosed either in Bitcoin or in Ethereum. The XYO Network project - "blockchain 3.0" - eliminates that issue.
What is XYO Network?
XYO Network - a tool that introduces blockchain technology in the field of geography.
Like other projects, XYO Network is a "bridge" between blockchain technologies and traditional developments. In XYO Network, the shortcomings of connected systems are mitigated, and merits become more visible.
So, in smart-contracts, first implemented in Ethereum, geo-positioning will become available. This will make arrangements, the conditions in which are prescribed in smart contracts, respected and evaluated in 100% of cases.
And in comparison with traditional systems of geography (for example, GPS) XYO Network has the advantages that blockchain gives. Data on the XYO Network is processed faster, stored confidentially and protected against third-party attacks.
The XYO Network team has an understanding, in what situations its development will be useful and capable of making processes more efficient.
For example, XYO Network can be implemented in trading companies that work with customers around the world. Their customers are in different places and require delivery of the goods to their doorstep. Using XYO Network, stores can check how well transport companies are coping with the task and ensure in-time product delivering to the consumer. If the smart-contract with the geolocation function does not confirm delivery, then the funds will not be transferred to the transport company, and the contract with it will be terminated.
Features of ICO XYO Network
XYO Network crowdsale will start on March 20, 2018. Now there is a list of participants who want to get tokens first on the platform site.
ALL UNSOLD TOKENS BURNED AFTER SALE CONCLUDES
Funds raised during the crowdsale will be distributed as follows:
- 40% - strategic costs, marketing costs;
- 35% - completion of the platform development;
- 14% - operating costs;
- 5% - support of projects important for Ethereum;
- 5% - overhead costs.
XYO Network Roadmap
The main events of the first half of 2018 for XYO Network - the launch of the project's cryptocurrency, which will ensure smart-contracts work, as well as testing the platform using sensors from Sentinel.
In the second half of the year, XYO Network is waiting for further improvements. In the third quarter, the final version of the platform will be released, and the team will develop cooperation with IoT sector companies. And at the end of 2018, developers of XYO Network will publish platform's API for developers of any smart contracts.
Sir Indeed of this post to aware people who connected with cryptocurrency market and thinking about that, Great post sir @meninblockI definitely resteem this post.
blockchain has the ability to increase secure data exchange in other industries as well. It also has the ability to make that data transfer simpler and easier between entities.
XYO Network aims to take advantage of location-verifying beacons that are already in place worldwide. XYO Network wants to leverage this network in order.
Great post sir. you are awesome. thanks for sharing
For future viewers: price of bitcoin at the moment of posting is 8332.10USD