The XYO network does far more than just create a cryptocurrency. They provide a service to backup their cryptocurrency, a thing that most cryptocurrencies lack. The primary service that the XYO network provides is the ability to locate objects. The XYO network have been doing this for a while but now they have integrated decentralized blockchain technology into their network to increase efficiency and productivity, so that they can expand into more industries and generate more revenue. An article that explains the XYO revenue model in detail: https://steemit.com/cryptocurrency/@stazhao/one-cryptocurrency-that-will-serve-several-purposes.

In my last article I discussed what the XYO company is, their business model and how they create demand for their cryptocurrency. In this article I will be providing a detailed outline for many of the industries the XYO company is already in or plans to enter.

Vehicle Renting Industry

The vehicle renting industry is a very lucrative and straightforward industry. People rent out their vehicles for a certain period of time and the person getting the vehicle pays a certain amount of money for the vehicle, depending on the time, after which the person returns the vehicle to its rightful owner or dealership. However, there are occurrences when people do not actually return the vehicles. This occurrence is a rick for everyone in the vehicle renting industry. All businesses want to minimize risk and this business is no different, which is why a decentralized blockchain to locate missing vehicles would be ideal for people in the vehicle renting industry. The XYO network has already begun negotiations with several vehicles renting industries.

The Courier Industry

Another major industry the XYO network is targeting is the courier industry. There are several courier services in the world, most of them make large profits. Even though most courier companies turn a profit there are many risks in this sort of business. One of the largest, if not the largest risk in this industry is lost or stolen packages. Over the years theft and misplacement of packages has increased, according to a recent study released by Comcast, more than 30% of Americans have had a package stolen from their porch or doorstep. (XYO.network, 2018) All these lost or stolen packages are costing courier companies a lot of money because in many of such occurrences the courier companies are blamed and are liable for these lost packages. Which means the courier companies must replace the packages themselves and of course deliver them again. Not to mention a lost or stolen package is very bad for courier companies regarding customer service and public reputation. Due to these problems courier companies have much to gain from blockchain technology. Which is why several courier companies are in contact with the XYO network at the moment and are considering to purchase their services.
Courier companies have much to gain from the XYO network and their services. Courier companies can harness the potential of the XYO blockchain and their tokens to track packages with ease and fluidity. This will allow courier companies to ensure packages reach their destination by helping them find the location of all packages at any given time.

Conclusion

With their innovative ideas and their entrepreneurial drive, the XYO company is taking the blockchain and cryptocurrency world to another level. Their ideas are brilliant because they are simple. The simplicity of their ideas is what makes them extremely feasible. They plan on targeting pre-existing industries, and providing them with a service that would improve upon what they already offer. The XYO network’s end goal might not sound very exciting but it is very attainable.

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