XYO Network

cryptofounders (25)in #xyo • 6 years ago (edited)

Good day, dear friends and subscribers of my blog, today we will focus on a non-standard blockchain project and its connection with the real world.

I present to you a project that will bring more accuracy and reliability of geolocation data, at a time when each of us is constantly using the Internet and geolocation technology (GPS, GLONASS). Current positioning technologies have successfully entered into all spheres of business and human activity. We can not imagine life without navigators and fast delivery services, aircraft without autopilot and sea navigation on the stars. Today's technologies solve most of the problems and make our lives easier by allowing us to move on.

Sure, Yes! Modern geolocation technologies make our lives easier in a number of areas of human activity, but with a serious attitude to the information, they provide there is no one hundred percent trust. In history, there are already cases when the data were compromised or falsified. All systems are centralized and have a number of vulnerabilities, both locally and everywhere they are used. They can be faked, replaced, create a radio channel background that will not allow the system to contact GPS or GLONASS satellites, it is obvious that this issue needs to be done, the system needs an upgrade!

I present to you the project XYO NetWork which works in the field of data for more than one year. The company is going to give a second wind to geolocation systems, upgrade them and eliminate the possibility of data falsification. The solution became possible with the help of blockchain technology using smart contracts and building an ecosystem based on cryptoprotocols with proof of location.

Proof of location has its ancestor from another system, the so-called proof of origin. I will not dissemble, the system is reliable, but not without flaws. To prove the origin of no trust if we assume the possibility of cloning private keys, or to question one of the nodes providing the system – the second is possible in the implementation of hacker DDoS attacks. The systems are more suitable for closed use, where you can exclude all variants of hacking and substitution.

XYO Network has developed a data signing system throughout the information exchange chain among the participants of the working environment. The operating principle is simple, and it eliminates the possibility of data substitution without damaging the unit.

Motion of packets of data in network XYO:

When transporting data, XYO uses the Transit key of the chain. This allows you to connect data packets using a private temporary key for two consecutive packets. The public key is stored with the data as it moves forward, which will be connected to the private temporary keys. The recipient can verify the integrity of the data by comparing that both packages were signed with the same private key. To move packages to the next recipient, the sender will need another private temporary key, which must match the public keys of the sender and recipient. This algorithm for signing packets during their transportation eliminates their damage without breaking the serial keychain, which guarantees the integrity of the data delivered through the entire chain to the recipient.

The XYO network consists of four main components that allow the platform to provide geo-oriented, reliable and consistent verification of the transmitted data:

* Sentinels: as heuristic witnesses, Sentinels (guards) vouch for the accuracy and accuracy of heuristics through temporary registers.

* Bridges: these components are heuristic stenographers. They securely transmit information from General Ledger to sentinels, to higher components. This adds an extra layer of proof of origin to the system, ensuring that data received from sentinels is made through a secure channel and is not compromised.

* Archivists: the main function of these components is to store all data in a decentralized manner so that it can be reproduced with greater accuracy. Even if some of the Archivists fail or are compromised, data from other Archivists will allow them to be reproduced without change, with Geolocation accuracy at a lower level.

* Diviner: this component responds to requests related to Geolocation of data through the judging of witnesses based on their proof of origin. Unlike clocks and bridges, Soothsayers are encouraged for their work through proof of work, adding extra security to the system.

Due to the similar architecture of interaction of components, the possibility of falsification of data is excluded.

At this moment XYO only blocking c support Ethereum smart contracts ERC-20 standard. But the developers say that the project will grow and expand its capabilities in supporting other blockchain projects using smart contracts, providing the ability to use XYO through the API. In addition to the possibility of communication with different blockchain projects, XYO Network will enable developers to create decentralized applications dApps dependant or use geolocation systems for their work.

If you look at how technology is developing today, you can see that there are already many projects that use in their work geological data. Unmanned vehicles are rapidly developing, unmanned vehicles are being developed, the logistics sector of the economy is undergoing a constant upgrade, where the quality of services of each market participant is constantly growing, providing live competition. The demand for the project lies on the surface, the more requirements for the quality of services will be presented by market participants, the faster the project will gain its popularity and will be integrated into our daily life.

Here is an example of several solutions where XYO Network can be used:

Commercial sector-E-Commerce.

Improving the quality of service by organizing premium shipping with tracking from the place of shipment to the destination and place of delivery.

Medical services and hospitals

It is possible to reduce operational failures in communication and record keeping, organize premium control in patient care, monitor medication intake, maintain a full-scale account of the movement of employees in the hospital.

Car rental agencies

The solution to the main problems of agencies in the search for lost car keys, and car search. Such situations lead to a large cost of human resources and loss of material resources. XYO is already working in a pilot mode with one of the agencies in the US, the cooperation has already brought some benefits to both sides.

Commercial Airlines-Luggage logistics

Each year, airlines lose between $ 1.5 and $ 2.5 billion in compensation for lost baggage. The XYO network has implemented a decentralized baggage tracking system. Thanks to its decentralized architecture, XYO can be used without compromising airport security.

Insurance agency

Insurance of vehicles, modular houses and other expensive objects with high mobility can compensate for theft, but can not inherently help in finding stolen property. The insurance industry is also prone to fraud, especially in the case of highly mobile insured items. XYO is already working with an insurance company that covers goods with high cost, high mobility to help them process claims and recover insured goods. Using the XYO network, a decentralized and reliable location-based blockchain Ledger, the company and its customers have access to an independently verifiable location history of insured properties in the event of a claim examination.

For private use XYO already offers solutions that can protect the everyday life of each family, using solutions Global XY GPS or Bluetooth XY4+ you can protect your personal property and favourite Pets, not to be lost keys, etc. more information about the possibilities can be found here: https://www.xyfindit.com/

The considered variants of XYO solution application are just the tip of the iceberg. The future transformation of the project to all major types of blockchain using smart contracts will expand the application potential, allowing developers to use XYO API for integration into business processes.

In conclusion, today, tomorrow – it is always innovation, it is always something new and unknown. The xyo project came into being when it is really needed. If you look around and pay attention to other projects, it will be easy to hold threads showing how projects can complement each other today, and after a while to become a single ecosystem of the smart city and our planet.