XY Oracle Network (XYO) - This is just the beginning!

pathi87 (38)in #xyo • 8 years ago

XYO: The First Proof of Blockchain Network Location

We are living in the future! It may not be easy to understand, but we are deeper into the year they traveled on " Back in the future there was also a price paid for anyone who wanted to be part of a new civilization. Everything has become public, we share important parts of our lives with a complete stranger, and almost anyone knows where we are, what we are doing and what we want. It is hard if it's impossible to avoid paying the price this.!

What is XYO?

XYO is based on the blockchain, evidence of zero-knowledge, cryptographic location network that eliminates the need for data center centralized data collection. XYO Network will enable the search of anything or an individual on many different devices and protocols. To make it possible the XYO team uses the "Proof of Origin" and "Bound Witness" to combine the decentralized blockchain world with our real-world data in a new network-changing game.
It may sound like something from the future, but as I told you at the opening of this article we are living in the future, and the XYO project is obtainable and prepared for commercial. They have an present organization in process with 1,000,000 tracking beacons representing one of the world's main Bluetooth consumer and GPS networks, and for this XYO project, it is only a begining!
The XYO Network will be the conclusive location oracle because of two core ideas it presented: Proof of Origin and Bound Witnesses. The concept of Bound Witnesses assurances that two dissimilar mechanisms of the XYO Network were in the same location at the same time. Proof of Origin guarantees that the information a component delivers is valid and resilient to falsification. Full information on both of these ideas is available in the XYO Network white paper.

Providing convincing proof of location has the possible to change the world. Here are just a few ways the XYO Network will disturb existing industries.

The XYO Network incentivizes the reporting of locations and archiving of ledgers by awarding XYO Tokens to nodes within the web. For instance, when a last-mile carrier like a UPS driver meetings an XYO Network node on their way, the node will record their XYO Network ledger to be archived. Leveraging crypto economics in this way takes advantage of a key feature of blockchain technology — it’s a trustless, decentralized system. This means it can offer third-party confirmation and a grade of reliability that current tracking systems simply can’t provide.

Problem
According to a recent study released by Comcast, more than 30% of Americans have had a package stolen from their porch or doorstep [1]. As the market part of eCommerce remains to develop, this problem will only become more prevalent. Megasites like Amazon are investigating with dissimilar answers to offer confirmed safe delivery as a premium facility to their clienteles.

Solution
By using the XYO Network and XYO Tokens, businesses can offer an self-sufficiently established ledger to track every step of a shipment’s growth, starting at the contentment center and ending with the package’s secure distribution within the customer’s home. As a trustless and dispersed system, the XYO Network provides self-governing validation not only of a package’s delivery but of its entire shipping history. This also lets a merchant or eCommerce site to offer payment upon delivery, using an Ethereum smart contract to defend the merchant from fraud or loss.

How it Works
When a client confirms an order, an Ethereum smart contract is formed which will issue payment to the dealer upon successful delivery of the bought product. The delivery will include an XYO Network Sentinel, a low-cost electronic device that records its connections with other devices on the XYO Network on its blockchain ledger. Other XYO Network devices will similarly record their interactions with packages being shipped. Every one of these interactions will be independently verifiable, asserting a web of locational certainty that gives all the way back to the shipment’s point of origin. When the delivery reaches its terminus, as confirmed by its interaction with XYO Network devices within the buyer’s home, the smart contract will be satisfied, and payment will be released. Should there be a argument, the ledger will provide a history that can settle the delivery of the delivery or show where it went off track.

XYO Network components

The XYO network has four main mechanisms, Sentinels, Bridges, Archivists and Diviners. These four mechanisms enable geo-focused consensus-building and trustless confirmation of location data. This means that when you write a smart contract that agrees for an object to appear at a specific XY-coordinate, if it seems there, you will know that it is at that site with absolute certainty. This is all done without risk of deceiving the location of the signaling device (s) verified by thousands of Sentinels in the XY Oracle Network with the longest Proof of Origin chain (thus soft greater confidence in the heuristics).

Sentinel components are heuristic witnesses. They observe heuristics and vouch for the certainty and accuracy of the heuristic by producing temporal ledgers. The most significant aspect of a Sentinel is that it yields ledgers that Diviners can be initially from Proof of Origin to them.

Bridges are heuristic transcribers. They securely relay heuristic ledgers from Sentinels to Diviners. The most important aspect of a Bridge is that a Diviner can be sure that the heuristic ledgers that are received from a Bridge have not been altered in any way. The second most important aspect of a Bridge is that they add an additional Proof of Origin.

Archivist components store heuristics in a decentralized form with the goal of having all history ledgers stored, but without that requirement. Even if some data is misplaced or become momentarily unobtainable, the system remains to function, but just with abridged correctness. Archivists also index ledgers so that they can reappearance a string of ledger data if wanted. Archivists store raw data only and get salaried only for recovery of the data. Storing is always free.

A Diviner answers a given query by analyzing past data that has been stored by the XYO Network. To achieve this, heuristics stored in the Proof of Origin. Proof of Origin. Given that the XYO Network is a trustless system, Diviners must be incentivized to deliver truthful analysis of heuristics. Unlike Sentinels and Bridges, Diviners use Proof of Work to add responses to the blockchain.

XYO Token

The sale of token has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Details about volume and price based on our time structure will be announced soon.
• Smart contract platform: Ethereal
• Contract Type: ERC20
• Token: XYO
• Token Name: XYO Network Utility Token
• Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
• Total issuance: Finite and capped at the amount achieved after the Token Main Sale

ROADMAP

2017
XY Releasing Tracking Tracking Tracking: "XYGPS"
XY launches the world's first GPS hybrid and Bluetooth-enabled devices. XYGPS can report its location anywhere in the world where mobile data and GPS are available.
XY Releases XY4 + Devices
XY released an XY4 + device that makes it capable of operating as an XYO Network node through firmware updates.
XY Crossed 1,000,000 Beacon Marks
One million XY devices were born.
Blockchain Network-Based Oracle XY Born
The development of moving the network platform from the internal XY location to the open block implementation started: The Oracle XY Network was born.

2018
Q1 & Q2

XY Mints The first "XYO Token" Used for Intelligent Contract to Access XYO Network
The first XYO Token is created and represents the official currency to be used throughout the XYO Network.
XY to Complete XYO in Test Network ("XY TestNet")
XY will complete the growth of Oracle Testnet XY and start initiation the location focus block procedure to its Sentinel device.

2018
Q3 & Q4

XY will launch XY Oracle Main Network ("XY MainNet")
XY will launch the full launch of Oracle XY Network to XY the Sentinel beacon and start testing with new Sentinel partners (mainly IoT companies and mobile app developers).
XY to Complete API for Intelligent Contract Developer to Interact with Oracle XY Network
The release of the XYO Network API that allows smart contract developers writes contracts to interact with XY networks. Library to be established: Ethical Solidarity Library, Viper Ethereum Library and JavaScript library for websites cooperate with XYO Network (similar to Web3.js incorporation with MetaMask).
XY to Release XY Sticker-Based Tracker, Which Can Be Added to the eCommerce Package
Launch the "XY-Stick" product that allows eCommerce retailers to track each of their products in realtime.

2019

XY to Grow Global Network Multiple Sentinel Location Equipment
Grow XY Sentinel coverage (location of data provider and verifier) as well as other components of Oracle XY Network (Bridge, Archiver, Burial).
XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels
Shares will be sold on XYO's Low Earth Orbit satellite; The bet represents ownership in the XYO Token award section.
XY for Businesses, Retail Organizations and Companies that Have a Greater Use Case for Location Verification
Formalize business partnerships with larger companies and entities that can take advantage of decentralized and unreliable location instincts (eg logistics systems, supply chain companies, auditoras hours, eCommerce businesses and countless other niches).

2020+

XYO to Expand the Global Reach of the entire Oracle XY Network