XYO Network - Bridging Crypto with the Real World
The future in technology is among us
What once seemed impossible is now at the forefront in human advancements while the world is dramatically being changed at an accelerated rate. Futuristic visions of self-driving vehicles, distribution orientated drones, Artificial Intelligence, and the newest concepts of Smart Cities have all hit center stage as realistic plans for the near future.
This new technology is exciting to say the least as it transforms the world but with new tech comes a new set of problems and solutions are needed before we can continue our advancements. One such issue that has plagued the modern computerized world, which is ultimately limiting our growth and efficiency in numerous applications, has been the ability to trust Location Data.
As the world becomes more connected with the mass adoption of Internet-of-Things (IOT), location-reliant devices; the need for a reliable, safe, and accurate system to validate location data has grown immensely.
XY Oracle (XYO) Network is the project dedicated to providing a solution
Utilizing blockchain technologies and off-chain, location awareness devices, the XYO Network will implement a "Proof-of-Location" protocol for a decentralized and a trustless location network. Providing greater security and a higher degree of accuracy than the current system for a high-growth market.
In a nutshell, the XYO Network plans to be a more secure system yet complementary to GPS systems where it is difficult or impossible to disrupt, jam, attack, or interfere with the data. This will be achieved through using 4 main components to the network: Sentinels, Bridges, Archivists, and Diviners.
- Sentinels - Location data gathering devices
- Bridges - Relay devices. Transfers location data from Sentinels to Archivists
- Archivists - Stores and archives location data on the blockchain. Providing a trustless and secure historical ledger.
- Diviners - Complex processing and analysis of data. Provides answers based upon available data for queries and then relays that answer to the origin.
With such a large and secure location network, the use cases are seemingly endless in our modern and connected world. For the past few years, XY has researched and developed location-based technology along with becoming the leader in findable technology. With over 1million location beacons circulating globally, XY has the worlds largest network of GPS and Bluetooth connected devices.
With the onset of the Token sale (ICO) - XY will enter the cryptocurrency markets as the XYO network with the ultimate goal of "Bridging Blockchain Technology to the real world".
For a more concise explanation of the XYO Networks vision and the Proof-of-Location protocol, consider reading the WhitePaper: https://docs.xyo.network/XYO-White-Paper.pdf
XYO Token Sale - 3/20/2018
After a successful Pre-Sale raised roughly 1900 Ethereum, the project is heading towards an exciting ICO phase that is launching within the next 2weeks.
- WhiteListing is currently open on the XYO Website
- KYC is necessary to participate in this ICO
Investor Information Resources:
Website: https://xyo.network/index.html
WhitePaper: https://docs.xyo.network/XYO-White-Paper.pdf
Medium Blog: https://medium.com/@XYOracleNetwork
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=3040825.0
Telegram Link: https://t.me/xyonetwork
Article written by @justiceforall
Bitcointalk user link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xfd797888c66DfEbf7bA5A6927a50F2F75Ad7175e
Interesting concept, I like that there is already a built up network before the ICO even begins. I will have to take a look into this one.
Thanks for sharing!
yeah it is, very promising. Ico investors should really have this one on their radar.
For future viewers: price of bitcoin at the moment of posting is 9763.50USD
This post has received a 3.93 % upvote from @booster thanks to: @generation.easy.
I really like this post justiceforall! keep it up!