How XYO Technology Can Affect Future Business Operation

cryptosmoker (55)in #blockchain • 7 years ago

Have you ever realized the importance of location reliance system? For some people, such a technology is not important but try to think of the impact on future business and economy. You are probably familiar with the distribution chain or delivery problem: the fact that they can’t really track or trace their shipment in a detailed manner can create a huge issue. With the location-reliant technology, however, such a problem can be solved and overcome. And that’s how XYO network is created.

The Basic Core Idea

A platform that focuses on the accurate location data is rare and XYO sees this opportunity as something futuristic and also profitable. Imagine when you can access the data of any possible location in the world. Imagine the function and the benefits that you can reach from joining this platform.

Supposed that you are lending your car to a friend but she hasn’t returned it to you. You can make use of the service, making an inquiry to locate your car. Once it is submitted to the network, it will be reviewed and assessed. Give it a while and you can get the information about your car whereabouts.

Token General Problems

The XYO network token will be used as the main fuel for the platform. To activate the service, you need to have the token. However, the biggest problem with this technology is the expensive service. If you want more accurate information, the data should be detailed – and such a detail is costly because finding the information can be difficult – not to mention that the system has to prove that the information they gain is valid and trusted. This can lead to users reluctant to use the tokens. Not to mention that they probably think that not using the token at all will increase the value.

In reality, however, being idle won’t help. Instead of increasing liquidity, they make the token useless. This is definitely a bad news for investors. So, what can you do to help? Use your tokens if necessary. Users are encouraged to use the tokens, no matter how small or big the inquiry is. Ask for more information about XYO functionality and concept before joining the platform so you know what to gain from it.