XY Oracle Network: The Proof of Origin Based Cryptographic Location Network

Technology has come a long way and there's no dearth of facts to prove the same. Reaching an unknown place was extremely difficult even 10 years ago. The only way to get directions then was to ask the local people after every 5 minutes. Only then, we could reach the proper place.
With the advent of smartphone technologies, this has reduced significantly.

All we have to do right now is to fire up an app on our phones, enter the destination and it shows us the directions.

Convenient, easy and simple.

But are they always reliable? Are the directions 100% accurate? The answer is no.

This is why XYO Network felt the need to improve location services so that all the upcoming technology faces a smooth road ahead of them.

What is XYO Network?

Many a times, we travel to a place using Google Maps and then reach a place only to find that it is located at a different place. It is alright as long as we are going in person. However, this is not the same if we have a look at the upcoming technologies that are soon to take over the world.

Any tech enthusiast who does a bit of research on the web knows about self-driving vehicles, Domino's pizza delivery drones, and other such things.

What is something that is an absolute necessity for the success of these? Accurate location.

Imagine, you ordering pizza and the Domino's drone delivers the pizza to your neighbor. Wouldn't it be extremely frustrating and annoying for you? And also, the company will suffer from losses.

The certainty and security of location data are guaranteed by XYO.

How does it work?

XYO Network uses and leverages the powers of blockchain to ensure certainty of security of location data. Its ecosystem enables trustless transactions through crypto-location components, solving the problems of today's navigation technology.
Seems a bit difficult to understand, right? Let's have a look at it in a simpler manner.

Suppose, you have ordered pizza from a company and you wish to pay only after you receive the item. How will the company know from the drone that this has been delivered to the right place? They can call you up and verify, but frauds can always lie resulting in losses for the company.

This is where XYO comes into use.

XYO network tracks the X-Y coordinates of the drone right from the time it leaves the store. Once it has been delivered, it matches the X-Y coordinates of the customer with the delivery location. If both matches, it means that the delivery was successful.

The payment for the delivery is then deducted from the user's wallet.

In this manner, it solves one of the major shortcomings of current location services and helps businesses to expand to greater places.

About ICO

The XYO token is the utility token of the XYO Network that is used to incentivize the crypto-location providing activity.

The token sale will begin on 20th March, 2018 and will continue for 2 months.
An unlimited number of XYO tokens will be available for sale during the ICO period. No new tokens will be generated after the main sale.

The minimum price of the token will begin at 100,000 XYO/ETH and will max out at 33,333 XYO/ETH contribution. The prices will vary with time.

Verdict

For the development of almost all the future technologies including self-driving cars, delivery drones etc., accurate trustless location is a must. Though many navigation apps are available today, none of them can provide 100% accurate and secure trustless locations. This is where XYO brings in the change.

Using the powers of Ethereum blockchain, it can provide accurate crypto-locations that can be used by most of the technologies.

In short, it changes the way the world looks at GPS and also solves a major gap that exists in today's world. It won't be incorrect and far-fetched to conclude that XYO Network is the future of location services!

Website : https://xyo.network/

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

ANN : https://bitcointalk.org/index.php?topic=3040825.0

Telegram : https://t.me/xyonetwork

Blog By: Yalsik

Profile: https://bitcointalk.org/index.php?action=profile;u=1943321