XYO Network - Blockchain’s Cryptographic Location Oracle Network

I would like to talk about XYO Network Project which is one of the most concrete, transparent and clear projects I have seen in recent years. in fact, the project is based on a company that has been in business since 2012. The company’s business areas are location tracking, IOT, Mesh Networks. And it is in all sectors which are eCommerce, Medical, Rental Car Agencies, Commercial Airline Logistics, Insurance Agencies, National Security Agencies, and Drone Package Delivery Systems. So I think it is a fact that the project is not a scam. You can watch this video and say that I’m absolutely right.

XYO Network :: Team

Once you know for sure that the project is a real ICO, let's look at what the project is aiming for. In fact, project owners want to create a completely decentralized location tracking system which is based on blockchain technology. In this tracking network, there will be four primary components which are Sentinels (The Data Gatherers), Bridges (The Data Relayers), Archivists (The Data Storers), and Diviners (The Answer Aggregators).

The XYO Network creates a platform in which customers can build decentralized location applications. In this Network, there will be used XY’s Utility Token which is called XYO.So in the platform transactions will be made by using this token. As a part of this platform, users can use the web app. In this App, users can do queries of the object they want to track. For example, they can monitor their package’s or vehicle’s location instantly. All of the queries will be realized using intelligent contracts without intermediaries

What is the main difference of this Project from traditonal tracking services? The main difference is that XYO greatly reduces the risk of location spoofing via using blockchain technology. And the second one is it will make easier to reach tracking devices in our daily life.
In fact, the network system resembles the Proof of Work system. The Project Team calls their system as a “Proof of Origin”. There are Diviners which provides answers to the location questions. And the diviner which gives the best answer is awarded XYO Tokens which are spent while querying via XYO Apps. On the other hand, Bridges and Sentinels which provides data are also awarded by this system.

So XYO Tokens will not only be an exchange token but also they will be in our daily life. If the project goes well, it has got the potential of making life more easier and profitable.