Overview of XYO Network

udeshika (43)in #blockchain • 6 years ago

Geo location has become a main part of our world. Even without noticing, we constantly use geo location. When looking for a store on the Internet or some kind of information - search requests take into account our location. GPS technology is so actively used in the field of transport, logistics, etc. But so far this technology has not been improved with the help of blockchain and smart contracts. Now the time has come to move our coordinate system in to the blockchain system. Now XYO Network took an action to solve this problem.

XY is developing the project XYO.network, which has been actively developing its GPS network for more than 6 years and according to them their network is one of the largest in the world. With the help of XYO, developers will have the opportunity to enter into smart contracts and assign geolocation to them, which will allow them to monitor the fulfillment of all conditions in real time and make smart contracts even more attractive. In the XYO system, everything is very well thought out and protected from changing information using the Transient Key Chaining technology. Also on the XYO platform, you can create various DApps applications. And many other interesting features will have this platform. XY has already built one of the largest Bluetooth networks and GPS-beacons in the world. XYO has released world's first hybrid GPS (XYGPS) that ise gps and Bluetooth device, capable of reporting its location from anywhere in the world, where data on cells and GPS is available. They also released the XY4 + device.

In this case, it should be said that this is a service of both software and hardware.Thanks to the blockchain technology and 4 levels of the XY network, users will be able to track not only the starting and ending points, but also each stage of delivery in real time. And most importantly, this is 100% reliable and verified information.

From idea to model

The company spent a year developing the theory and two years on the MVP product, creating a network based on:

• Readings of bluetooth and GPS-sensors,

• The QR-code reading processing software,

• Interaction with satellite navigation.

In prototype mode XYO Network operates more than a million devices, and this number is constantly growing. Crowdsdale of XYO tokens is aimed at the development of the ready-made blockhouse by increasing the number of users and adding nodes, as well as the production of mining equipment, which is a trusted location proof device.

How the network works

XYO consists of four main components: Guardians, Bridges, Archivists and Diviners. These four components allow geo-focus checking of location data. This means that when you write a smart contract that indicates that the object will be displayed in a certain XY coordinate, if it appears there, you will know that it was in this place with absolute certainty. XY Oracle network with the longest Proof of Origin chain (which gives greater confidence in heuristics).

Team

The team consists of very experienced professionals. Behind their shoulders is not one successful project, the experience of more than 10 years in this field. The team has people who held high positions in companies such as UBER, Pike Holdings Inc and Augur. Also I want to note that the team is constantly expanding as needed. Among the project's advisers, too, there are very experienced people in the field of blokchain, for example Tom Kisar. In general, the composition of the team is impressive and I hope it will bring an excellent result, both on the ICO, and in product development.

Terms of ICO and Token

• Token: XYO

• PreICO Price: 1 ETH = 200,000 XYO

• Price: 1 ETH = 100,000 XYO

• Platform: Ethereum

• Acceptance: ETH

• Dates: 2018-03-20 - 2018-05-20

Roadmap

Conclusion

XYO Network - an interesting option for investments. XYO Network offers an enhanced level of security for geo location technology, which now penetrates into a wide range of life. The startup hypothesis is that an active growth in the number of projects using technology will make these areas more vulnerable, which will inevitably increase the demand for increased security. To date, many companies already provide services related to geo location, including - industrial giants, which in the future can decide to use block to protect the business. If the need to increase the security of technology will increase, they can either promptly attract resources to develop their own solutions based on the blockbuster, or buy XYO Network if the project is successful.

It has very significant prospects in the next 2-3 years. At the moment, blockchain only begins to conquer and improve the various areas of already formed markets, XYO Network just improves one of them. This project can become the main one in the niche of the site on the blockchain. and later the development can begin to be used by millions of people.

following links:

Project website: https://xyo.network

Basic information (technology description, tokenail etc.): https://docs.xyo.network /XYO-Deck.pdf

white paper: https://docs.xyo.network/XYO-White-Paper.pdf

Twitter: https://twitter.com/XYOracleNetwork

Project road map: https: // www .xyo.network / xyo-tokens18972363

Themes of the project on the Bitcointalk forum:

- basic https://bitcointalk.org/index.php?topic=3040825

- bounty https://bitcointalk.org/index.php?topic=3053801

Project Chat in the Telegram messenger:https://t.me/xyonetwork

A news channel in the Telegram messenger: https://t.me/xyonetworkannouncements

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