XYO Network: new generation blockchain

The main idea of ​​XYO Network is the creation of a blockchain network based on geolocation (or transfer of geolocations to the blockchain). As noted by the developers the smart-contracts of the Ethereum for all their revolutionary nature need further development. Snap to location will be this necessary improvement. This will ensure greater security and reduce the risk of fraud.

On the other hand the market for non-Internet communication systems (Bluetooth, GPS) is huge, but also has problems with security, privacy, and processing speed. The introduction of blockchain technologies will help to solve these problems.

XY company which develops XYO Network already has its own geolocation system with more than a million sensors. The developers claim that their network is the largest in the world. Due to this the company has the ability to track the location and movement of any given object.

In addition to XYZ coordinates time is also taken into account. Moving in all four coordinates people and objects create metadata. To process and store such information significant resources are required. XY as a company with an interest in this area offers its own blockchain solution.

As an example of sharing the use of blockchain technologies and geolocations the following situation can be considered.

The online-store offers customers services for the delivery of goods. At the same time, selling and delivering goods all over the world the store has to use the services of many different transport companies in which thousands of employees work. In this situation a premium-class store that values ​​its reputation it is difficult to control the quality of all outsourcing transport agents.

When using XYO Network the store enters into a smart-contract not only with the buyer, but also with the transport company. As a result the seller can track the movement of goods from the warehouse to the client's home. In addition the seller can accept payment from the customer upon delivery directly without involving the transport company and delegating additional powers to the courier.

The basic terms of the smart-contract assume that the amount of payment for the order is frozen before the customer confirms receipt of the goods and only after this is transferred to the seller. The use of geolocation data in a smart-contract will help to make sure that the order is actually delivered and received. This will help to eliminate fraud on the part of the buyer and will facilitate the work of the contractor.

The history of XYO Network began in 2012 when the company XY was founded. For five years more than a million Bluetooth and GPS devices were released.

In 2017 XY released the first hybrid Bluetooth / GPS device that provides a signal anywhere in the world with access to GPS or mobile networks. Also the XY4 + device was released, a number of firmware for already working devices was developed and the process of transition of the platform to the blockchain system was launched.

The plans for 2018 are as follows:

• 1st quarter - ICO, issue of the XYO token as a means of payment for the conclusion of smart-contracts and for accessing the network;
• 2 quarter - completion of development of a test network on the blockchain.
• 2 half-year - the full version of the network, the release of a network API for the development of smart-contracts. Launch the XY-Stick project to track vendors the process of delivering the goods.

In 2019 it is planned to expand the global network having concluded contracts with a number of large data providers and also to buy seats on several satellites. It is planned to attract a number of large enterprises as partners.
Since 2020 it is planned to expand the influence of the Oracle XY network everywhere.

XYO Network is a project that offers an original and global innovation for the blockchain. In support of the fact that the concept will be implemented says 5 years of experience and real products of XY.

The fact that the project drew attention even before the announcement of the ICO date as well as the closure of the whitelist on March 7, 2018 indicates that there is no shortage of people wishing to invest in the token.

To learn more about the details of this project as well as to participate in the purchase of platform tokens visit the official website https://xyo.network/ and read the whitepaper: https://xyo.network/whitepaper/

The official group in Telegram: https://t.me/xyonetwork

Also you can find a lot of useful information on the bitcointalk forum (ANN thread): https://bitcointalk.org/index.php?topic=3040825.0