The Next Big Thing After Ethereum? Introducing XYO Network
Introduction
So it's not that often you find blockchain projects that truly excite you, especially in these times when the majority are not just copycats but outright scams. Today, I'll tell you about one exciting way to use the blockchain asides all the existing ones you already know.
Imagine for a second that you owned a logistics company and you make deliveries on behalf of clients to their customers. There will be times when items will be reported missing, or there'll be claims of theft or other disputes regarding delivery of the items. Most times, these things will be very difficult to judge correctly as there are always a limited number of witnesses.
One way to solve this could be to activate the tracking of items to at least try to monitor the movements from your warehouse to the customer. Some of the tracking services try to do this in real time which means both parties, you and the customer, can both monitor the progress of the item. Once the item gets to its destination, everyone involved can see this and be happy.
The issues begin to arise when the inadequacies of the GPS, the tech powering most tracking services, start being exploited.
"The need for a difficult-to-disrupt system to complement GPS has been well known for years. GPS is exceptionally accurate and dependable, yet jamming, spoofing, cyber attacks and other forms of interference appear to be growing in frequency and severity. This has the potential for devastating effects on our lives and economic activity." - RNT Foundation's President, Dana Goward
It's no longer news that current technologies can't be sufficient for our future lives.
How Can The Blockchain Help?
The primary property of the blockchain; being an immutable ledger, makes it perfect for almost any project that requires data to be stored. Thus far, all crypto-location protocols have focused on the Ethereum platform. Yet, there are other compelling blockchain platforms that make strong arguments for their use, especially in specific applications.
The XYO Network makes trustless location data possible through an ecosystem of crypto-location technologies and protocols necessary for bridging the gap between the world of today, to the world of tomorrow.
Unlike the others, the XYO Network has been built to be platform-agnostic at its inception instead of being focused on Ethereum. This will give end users the choice of what blockchain platform they wish to integrate crypto-location technologies with.
What Will Delivery Be Like With XYO Network
With XYO Network, you get not only a tracking system but a system where the entire shipping history of the package, from warehouse to customer, is recorded on the blockchain. Each recorded interaction is independently verifiable as per the basic properties of the blockchain.
Token Details
• XYO Network Utility Token (XYO) is built on the Ethereum Smart contract platform and so it's an ERC20 token.
• Total supply of the coin is dependent on the amount reached after the Token Main Sale and this also means that an unlimited amount of XYO tokens will be issued during the main sale.
ICO Details
The token sale will commence on the 20th of March, 2018. Unsold and Unallocated tokens will be burned after the token sale event and there will be no further XYO tokens generation after the Main Sale ends.
References
Website - https://www.xyo.network/
Bitcointalk ANN Thread - https://bitcointalk.org/index.php?topic=3040825.0
Telegram - https://t.me/xyonetwork
Sounds interesting... What's the estimated potential value?
The value depends on its acceptance and use. Potential use cases include; e-commerce, medical care and hospitals, rental car agencies, Commercial Airline Luggage Logistics, Insurance agencies, National Security Agencies, Autonomous Self-driving Vehicles, and several others.
So the more it is used, the higher the value.
Hmmm.....Whats the assurance this will succeed
The potential applications are what excite me the most and we can never know if we'll succeed until we try.
The only assured thing in life is death.
Getting my bag ready
Thanks gor the info
Bag of money 💰
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interesting writing, a real picture in everyday life, what you describe becomes very interesting because of the illustrations of the story is very clear.
Am beginning to find all this gists very interesting. Crytos!!😍
It is wonderful to see that a lot of other potent crypto project are coming up with applications that will be useful to users rather the majority of others we see on a daily basis.
I should read up more on this.
I just hope in the end it total supply will be appreciative in value as well as it public acceptance