XYO Network Create Trustless Information of Location

Accuracy and validity of information about the location is needed in the Internet era. Much effort is being made to eliminate the need for something centralized that controls the flow of location data. But every effort depends on the integrity of the device that is useful in collecting data. The cryptographic location uses a new formulation that relies on a chain of proof of zero knowledge to define a layered location. In essence, the cryptographic mechanism known as proof of origin can bind the power of blockchain technology and collect real-world data into today's live application systems.

The emergence of smart contracts on a blockchain basis, the need for oracle services can significantly manage contract yields. The current smart contract implementation is highly dependent on one or more authoritative oracle sets to complete. In some cases where both parties can approve authority, this is enough. But in many cases, the corresponding oracle can not exist or the oracle can not be considered authoritative because of the possibility of error.

The oracle location falls into this category. The physical item world location forecast depends heavily on the relay, reporting, storage and oracle processing components provided. Everything can be wrong and can be damaged. Risks can include data manipulation, data loss and data contamination.

The next problem is the issue of certainty and location accuracy. Both of these are strongly influenced by the lack of reliable oracle. Platforms such as EOS and Ethereum are already widely used for their power and can intermediate secure online interactions and use primary use cases involving escrow for fundraising in the form of ICO. For now, each platform is focused on the online world and not just the physical world because data integrity is corrupt.

The XYO network has worked with a development concept that enables them to write smart contracts for the blockchain platform and to interact with the physical world. The XYO Network is the first oracle protocol in the world that allows two entities to transact in the real world without a centralized third party. This abstraction enables users to verify locations that have no trust for developers, create protocols with new use cases.

The XYO network is built on an infrastructure that already has 1,000,000 devices circulating in the world and is distributed through easy-to-find businesses. Bluetooth and XY GPS devices allow every consumer to place physical tracking beacons for things they want to track like keys, bicycle luggage, even pets. If they forget or lose the item, they can see the exact location by using smartphone app. Within 6 years, XYO network created one of the largest bluetooth network and GPS consumer in the world.

The goal of XYO network is to create a decentralized oracle location system that is resistant to attack and produces certainty when asked about available data. This is achieved through a series of abstractions that can reduce risk through evidence of zero knowledge in the system components.

For More Information Visit Link Below

Website : https://xyo.network
Whitepaper : https://docs.xyo.network/XYO-White-Paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3040825.0
Telegram : https://t.me/xyonetwork
Youtube : https://www.youtube.com/channel/UCyZDqb9pgntVHJVt1pxXtsw
Facebook : https://www.facebook.com/xyonetwork
Twitter : https://twitter.com/XYOracleNetwork

Author:
Name: Muhamad Dikri
Bitcointalk account: Muhamad Dikri
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1318848;sa=summary