XYO network provides a very valuable service. They use decentralized blockchain technology to locate objects. Locating lost or stolen items and packages on a blockchain is a very innovative and potentially lucrative idea. Several firms all over the world are negotiating with the XYO network so that they may purchase their services. These firms are in numerous different industries. To purchase the XYO network’s services all these firms will have to buy XYO tokens. Which will create a steady demand for the XYO cryptocurrency. An article explaining in more detail how the XYO network creates demand for their cryptocurrency: https://steemit.com/cryptocurrency/@stazhao/one-cryptocurrency-that-will-serve-several-purposes

In my last article I discussed two different potential methods to use the XYO network’s services, and how they can greatly benefit two different highly lucrative existing industries. The industries I mentioned in my last article were the vehicle renting industry and the courier services industry. Both these industries are highly lucrative and have several firms operating within them. This clearly means that both, the vehicle renting industry and the courier industries are very good prospects for the XYO network. To make matters better XYO network’s future exceeds far beyond just these two industries because these two industries are not the only industries the XYO network can enter. In this article I will outline with detail two more different industries the XYO network plans to enter in the near future.

The Airline Industry

A lot of cryptocurrencies are based upon vague, unknown and probably unreliable industries. But, the XYO network is not like such companies, the industries they are targeting are all known throughout the world today and will be here for centuries to come. One of the industries that they are targeting is the airline industry. The airline industry is one of the most prominent and known industries on earth at this very moment. In fact, the airline industry is so prominent that it needs no explanation. The moment a person hears the airline industry he immediately knows what is being referred to, because every day millions of people utilize this industry.
The airline industry is vast and filled with several different firms all over the world, making it a very lucrative venture. The fact that there are several firms in the airline industry means that there is definitely much competition in this field. The XYO network will leverage this competition. The XYO network provides a service that locates objects. When people travel these days, they tend to carry a lot of luggage with them, especially if they are traveling via plane.
Airline companies already have so much on their operations lists; they have to keep track of all their aircrafts to ensure safety and timely flights, keeping track of seats and passengers to ensure the whole plane is booked so that they do not forgo any extra potential revenue, and of course keeping track of peoples’ luggage to ensure that peoples’ luggage safely arrives at their destination. All this is easily said but it is very difficult to do in reality.
With so much on their to-do lists airline companies have their resources cut thin. So thin that they do a very poor job of keeping track of people’s luggage. This is a problem that the XYO company plans on addressing and remedying by using blockchain technology. They will offer airline companies with decentralized blockchain technology, “Its decentralized nature even allows airlines to utilize each other’s networks without compromising the airlines’ network security or needing to coordinate system updates - this means that if you’re at the United desk in Dallas, but your bag is at the Delta desk at SFO, the bag can still be instantly located by accessing the XYO Network Ledger.”(XYO.network, 2018)

Summary

XYO is leveraging blockchain technology to address and remedy a huge problem that most if not all airlines face today, lost luggage. Several airlines all over the world today misplace or lose people’s luggage. This problem is very costly to airlines. If they misplace someone’s luggage then the airline will have to fly it over to said person, a cost that they can avoid with the help of XYO network. Even worse sometimes airlines cannot locate peoples’ luggage altogether, which makes the airline liable for lost luggage. Airlines spend billions of dollars every year replacing lost luggage. This cost can easily be avoided with the XYO network and their blockchain technology. Because with blockchain technology all luggage can be easily located. The XYO network will make misplaced and lost luggage a thing of the past.

Website: https://xyo.network/
Whitepaper link: https://xyo.network/whitepaper/
ANN Thread: https://bitcointalk.org/index.php?topic=3040825.0
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1887821