XYO Use Cases and the First Decentralized Location-Verification Oracle Network

XYO Network is standing for “XY Oracle Network" consists of a number of devices using a blockchain ledger to record and archive location data. The main purpose of the XYO project is to project the digital world into the real world locations through smart contracts. To achieve their goal, and become the world’s first decentralized XY-coordinate bridge between blockchain and our physical world, XYO has quietly built over 1 million GPS and Bluetooth beacons ready to be enabled.

XYO does not only help you track and find your lost keys, bag or bike. More importantly, this project will contribute massively to improve broad fields such as transportation, healthcare, insurance, business and more.

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All transactions running on the XYO platform will require XY’s Utility Token, XYO. To understand better how it works in relation to the real world, let’s look at some of the examples of cases that XYO Network is actively being utilised for in location-reliant transactions.

• eCommerce is a field that continues to grow and to be utilised by many companies, but as it becomes more utilised, the risk of human errors also becomes more frequent. For instance, a study by Comcast revealed that over 30% Americans had their package stolen from their doorstep. When a company starts using XYO Tokens, the risk of this problem will decrease. The network promises to ensure all shipments will be secure with the possibility of tracking every stage of your delivery progress.

• Medical Care and Hospitals - Above all things, the most critical aspect of our lives is (or it should be), our health. Our life is more fragile than we can imagine, and unfortunately, it has become very natural to neglect our health and to wear our busyness as a badge of honour(https://www.forbes.com/sites/timmaurer/2017/03/11/why-busyness-isnt-good-business/#5337adeb2a91). This is why XYO Network is so relevant in Hospitals. A simple mistake or lack of communication can make a difference between the life and death of a patient. XYO wants to reduce medical errors, which are one of the death leading causes, and increase efficiency with blockchain technology. This means there are better chances to prevent unnecessary surgeries, improve record keeping, reduce dosage errors and save lives. When it comes to the quality of our lives, it is always a good idea to invest in medical care technology.

• Airline Luggage Logistics - Each year, travel agencies have to deal with angry customers and deal with enormous expenses for lost bags. With XYO Network, airline companies will use a decentralised system for tracking and locate lost luggage. Moreover, the network provides a great communication that allows different companies to share information and use each other's network in case of mishandled baggage, without the risk of compromising their own security.

• National Security - Especially due to recent terror events, TSA agencies are working hard and carefully, facing great challenges to create a secure system, especially in international airports. For this reason, XYO will be able to find and confirm a weapon's location.

Want to know more? Why don’t you head to the official Website, Telegram group, ANN Thread, Bounty Thread and read about the XYO token sale and how to participate.