XYO Network has been added to WISERICO tracker

XYO Network has been added to WISERICO tracker

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The XYO Network makes it possible for smart contracts to access the real world by using the XYO Network’s ecosystem of devices to determine if an object is at a specific XY-coordinate. If it is, one can set up applications which execute transactions in the smart contract.
This has opened up a new world of possibilities. The applications of such a technology are infinite.
Take for example an eCommerce Company. With the XYO Network, they could now offer their premium customers payment-upon-delivery services. To be able to offer this service, the eCommerce company would leverage the XYO Network (which uses XYO Tokens) to write a smart contract.
The XYO Network could then track the location of the package being sent to the consumer along every single step of fulfillment; from the warehouse shelf to the shipping courier, all the way into the consumer’s house and every location in between. This could enable eCommerce retailers and websites to verify, in a trustless way, that the package not only appeared on the customer’s doorstep, but also safely inside their home.
Once the package has arrived in the customer’s home (defined and verified by a specific XY-Coordinate), the shipment is considered complete and the payment to the vendor gets released. The eCommerce integration of the XYO Network enables the ability to protect the merchant from fraud and ensure consumers only pay for goods that arrive in their home.
This means e-commerce stores like Amazon.com can use the XYO Network to allow customers to only pay for a product when it arrives at their home.