Blockchain influence...

Blockchain is just making moves everywhere. No sector is left unturned with this innovation. Blockchain itself is a source of innovation. The boom in crypto assets and problem-solving platforms are all as a result of the great work blockchain can accomplish. The XYO Network is not an exception, without blockchain it would probably have not existed.

Blockchain relies on its immutability to change and reinvent various industries in the world. Different blockchain applications are coming up to disrupt out dated systems and system that need serious revamping. For the XYO Network, they are using blockchain for something that many may not have thought to be influenced by blockchain, location data.

The XYO Network has its eyes set on becoming the first crypto-location oracle using blockchain.

Why?

• The need for this system is there and its uses will be vast as most of our tech systems rely on accurate location.
• Smart contracts are a key part of various blockchain platforms and they will also be a key part of the XYO blockchain.
• The XYO Network is designed to easily integrate with the existing blockchain protocols that are available at this time and also those that will be made in the future.
• Having an easy integration is important for the platform as they plan to serve users from across different protocols with all their location data needs.

XYO as a possible solution to theft of physical items

Mobile phone theft and theft of cars can also be reduced by the XYO Network. Those who steal cars and mobile phones usually have a way of messing up with the tracking system but with the XYO platform, a new system can be developed such that the location of the devices and the cars can be verified. Using blockchain, the history of the location of these items can be recorded and used to track them and find their location.

The XYO Network as a system for the future

Flying cars and delivery drones are just a glimpse of the future that we are yet to fully see. There are projects on self-flying cabs and self-driving cars which all need the input of location data to find out where they are going to and what likely challenges they are going to meet.

With precision and accuracy that is promised by the XYO Network, this could be a great system that compliments these techs. With drones, they are being developed for delivery of products that have been purchased online and having an accurate source of location data can help drones navigate better and get the right location for the drop off of the products they will be delivering.

Supply Chain solution

Ordering products online is convenient yet stressful. You may or may not be given a time frame of delivery for the goods you have ordered and you may or may not receive updates on the location and condition of your purchased goods. This may not entirely be the sellers fault; sometimes they do not have the means to provide this data.

The XYO Network will make it easier for both the buyer and the seller to track the products they are involved with. Using XYO Network devices, the buyer and the seller can know where the goods have reached down the supply chain and the expected arrival date and time. The cash on delivery system can benefit from the XYO Network. It could also be used to provide details for insurance companies in case of any damaged goods while in the supply chain.

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