XYO Network - blockchain based on space and time
Today, blockchain has already disrupted many spheres of human life: it is used for financial operations, trading, social activities, and so on. The introduction of this technology makes it possible to form a transparent ecosystem that makes many mechanisms more efficient.
XYO Network is not just a project that extends the functionality of blockchain technology, but a truly revolutionary solution that allows you to add a new dimension to it - space.
The main goal and idea of XYO Network is to create a blockchain system based on geolocation. According to the developers, Ethereum smart contracts lack the location binding and its introduction will improve security greatly. In addition, this will solve the main problems with which the off-line communications industry (Bluetooth, GPS) has been struggling for a long time.
Where can it be used? In the XYO Network system, not only the spatial coordinates of XYZ are fixed, but time as well. Thus, we get a universal geolocation mechanism that can be used by logistics and retail companies to track parcels, by medical institutions when transporting organs for transplantation, by national security agencies for tracking important deliveries, etc.
All these data will be recorded in the blockchain, forming a database, which can be accessed in case of any problems. The use of smart contracts not only in the "seller-buyer" relations but also between seller and logistics company will make deals with transport companies safer and more transparent.
The XYO Network has 4 structural clusters:
- Sentinels. Heuristic witnesses who control the reliability of the heuristic, forming temporary ledgers.
- Bridges. Heuristic transcripts that relay heuristic ledgers from Sentinels to Diviners.
- Archivists. Heuristic archivists responsible for storing heuristics in a decentralized database.
- Diviners. Searchers who return data from a distributed database in accordance with the received query.
The internal XYO token of ERC-20 standart, built on the Ethereum platform, will be used to pay for data services and as awards to the working units of the system, in particular - to diviners and archivists.
The XYO protocol is focused on integration with other blockchain systems, which significantly expands its application possibilities. Perhaps XYO will be the pioneer of a completely new era in blockchain development and will present users with opportunities that were previously unavailable to them.
The XYO Network ICO was launched on March 20, 2018. To participate you must register on the official WEBSITE. By investing in XYO Network ICO, you get the opportunity to become part of a completely new future.