XYO Network: How to Improve Location Platform

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Let’s take a look at how much location-based technology is used today. If you study the features of every major app out there, you’ll find they share a common trait: they all collect data about your position using a GPS algorithm as well as the sensors lined within your smart device to offer an accurate location. There are two problems with this method though since all the data collected goes through a centralized silo and it’s hardly used for any other purpose. There have been a couple of attempts to change this situation, but XYO Network is here to address the situation with a whole new outlook that could change to locate everything just by using the technology available to us.

The Project

XYO Network is looking to build a platform based on a cryptographic location network that makes use of brand new coding based on a chain of zero-knowledge proofs. The reliability of the information collected using this method has already been tested, and it’s proven to be 99.9% accurate. Using Blockchain Technology XYO Network offers the means to locate anything using a series verification protocols based on true and tried methods of proof of origin and bound witnessing. The result is a whole new way to secure the location of everything and everyone by merging the top qualities of the Blockchain with real-time data collection.

The problems to Solve

Not a single location system in the market right now can work with off-chain data sources. The imprecision of most location-based application makes these platforms weak. Some of these problems are also passed to crypto location systems, and they affect the performance of Smart Contracts since they are dependent on the promptly answer offered by off-chain devices. XYO Network works very differently, in this ecosystem the information flowing through the off-chain data source can be located in real time using a feature called “Sentinel” that keeps track on the need to confirm a location in an instant.

The way to Improve Location Services

The way to accomplish this goal is by developing a system that is able to work with proof-of-location protocols based on trustless crypto location in an anonymous environment. XYO Network is developing this type of system, and so far it has proven to have near-perfect effectiveness when it comes to the certainty of the location data provided, along some of the heftier security protocols available in the market. The user will be also able to set up queries transactions to get a location of specific data on any Blockchain log available out there. The company this made this possible by creating a series of abstractions in the coding that takes away the risks of location spoofs.

Safeguarding your Investment

As smart contracts get more popular and are used for more purposes, the services offered by XYO Network will become a necessity to confirm the point of origin of the transaction. The use of this tool is currently subject to confirmation by oracles that regulate the settlement of these as well as the fulfillment by the parties involved. However in the world of digital currencies is still really easy to provide false information. The work being developed by XYO Network is done to prevent just that and to protect every transaction done in the Blockchain to avoid scams. To learn more about the benefits of location data and we can use for our benefit, you can check https://xyo.network/, Telegram group, ANN Thread, Bounty Thread