A fully decentralized location network is what XYO aiming for. The XYO network can detect the area of any physical item at any given time through associating smart contracts with real physical gadgets. Moreover, XYO is bringing the smart contracts into the real world interacting with your physical items.
Take an example of an online buyer. The payment is usually where the buyer will pay in advance before she/he receive the item. The way the buyer buy things online can be eventually called trustless because all buyers have not seen the actual photo of the item. Additionally, they are not sure if the items have damage or if it is defective. But they already pay so the struggle is that they want to ensure that the items they bought will surely go directly to their places.
This time, XYO network will play a significant role as it changes the way we perceive Global Positioning System (GPS). The classic GPS provides location to the seeker but this information can be spoofed and hacked so, XYO improves this problem and made another tracking device. By putting beacons on the shipments, and through the help of smart contracts, the connected device will be notified where the shipment is going to. Moreover, all movements of the ship is automatically recorded to the blockchain. This ensures that the buyers have updated information from where their items are going through and that this provides them benefits to pay just in time.
For more details, follow the links associated to XYO Network!
Official site: https://get.xyo.network/token-sale-economics/
Telegram: https://t.me/xyonetwork
Bitcointalk (Ann thread): https://bitcointalk.org/index.php?topic=3040825.0
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There will be a lot of interesting!
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