A New Way of Using Location Data Through Crypto-location Technologies and Protocols

The rise of the blockchain

“The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression ”. – (https://www.brainyquote.com/topics/blockchain) This quote, belonging to renowned entrepreneur, expert researcher on blockchain technologies, decentralization and peer-to-peer models William Mougayar, has proven its point over the last few years.

Have you ever considered that one day, the blockchain features might be of great use in all of our lives aspects? Not only in improving the way we handle finances, but also for transportation, shopping or even urban development! However, for that, to happen, some bold changes in technology have to be made.

The first Proof of Location oracle network in the world

Did you know that now, location-reliant trade markets have a cap of over $11 trillion? This is almost 4 times the size of all online B2C commerce sales (estimated at $2.77 trillion), while the market cap of all cryptocurrencies barely reaches $400 billion.
But what is location data? Even though we are (maybe unaware) using it on a daily basis, as individuals or companies, location data plays an enormous role in domains such as self-transportation, package delivering drones, retail marketing, self-driving vehicles, etc. However, location data cannot be entirely trusted, dues to the flaws of the current GPS system and solutions.

To solve this issue, the XYO network has developed a platform that makes trustless location data possible through an ecosystem of crypto-location technologies and protocols necessary for bridging the gap from the world of today, to the world of tomorrow. - XYO Network

Could this innovation be a revolutionary moment in our history, as humanity? Without a doubt, only time will be able to answer this question. However, to further understand this concept and this project, we must take a closer look at how XYO is planning to create this bridge between blockchain technology and the real world we all live in:

1. First of all, XYO translates the benefits of the blockchain to create not only an online application but an offline one. For this, it relies on its six years experience in developing location-based technologies that were designed to connect the digital world to the real world.
2. To reach this objective, XY has researched and worked on several blockchain features, meant to make the most of its smart contracts.
3. It created a location-based consumer product business, by using its own tracking beacons in most parts of the globe (based on Bluetooth and GPS technologies). Then, it implemented blockchain technology into this platform.
4. Years later, XY has reached its objectives - it now is the most important player in the domain of findable technologies. Its Bluetooth and GPS based-tracking devices allow users to track real-world items easily, in real-time (from jewelry to cars).
5. Now, XY owns and operates more than 1 million location beacon devices - this being the most significant network of this kind.
6. Moreover, XYO will be able to become the first decentralized cryptographic location network. By determining the specific XY-coordinates of any objects, in real time, and interacting with transactions made in the smart contracts, the applications of this network are almost limitless.

Without a doubt, it has the chance to transform our existences, the way companies operate, our shopping activities, payments, transportation and many more.

Find out more about XYO and the launch of its token sale at https://xyo.network!