Overview of XYO Network
Due to the growing use of location based technologies, privacy and safely of the users largely depends upon the accuracy and validity of the information related to the location. Attempts have been made in the past to eliminate the need of centralized entities that control the flow of data related to location. However, all these attempts relied on the integrity of the devices collecting this data. XY Oracle Network or XYO Network offers a trustless and cryptographic location network that makes use of a novel formulation which is based on a chain of zero-knowledge proofs. This allows for a high degree of certainty about the information related to the location. XYO facilitates layered, location verification across multiple protocols and device classes. At its core sits a set of novel mechanism of cryptography, known as Proof of Origin & Bound Witness. It combines the power of blockchain technology and real world data collection into a system for direct applications.
How does XYO work?
How will the XYO network work?
Yes, you have probably heard of “Internet of Things”. These are small devices and devices around us that will soon talk to each other to make it easier for people.
For example, your phone can communicate with your home thermostat, to get an idea of your daily routine and when you can stay home so it can set the right temperature for you. when you walk in.
The Xyo Network is planning to bring more than one million GPS tracking devices in the real world and connect them with blockchain to provide an unreliable tracking system that can revolutionize the way we track. the objects according to their location and then use that information.
These devices are called “guards” — including everything from light bulbs to internet routers, door satches, garage doors, cars, refrigerators and not to forget the obvious stuff. more like phones and tablets. Or they might even be your micro-cat.
With all these devices connected, they can track very accurately somewhere and then use that data to perform a contract on Ethereum blockchain.
The real benefit of XYO Network
It will give people what? This is a transcendental question to know exactly what a new project can offer to every person. That is, to know what the real contribution is. Therefore, as mentioned above, the area developed by XYO Network specifically focuses on hierarchical geographic location.
This geographic location focuses on the GPS field. For many years XYO has been at the forefront of creating new methods and positioning systems. Exactly what they care about most is the ability to build an environment in which information flows quickly, securely, and securely. A system that allows direct, continuous and uninterrupted user interaction.
Exactly, the task that the XYO Network has developed over time is performing dual functionality. In addition to providing users with an outstanding geographic location service with accuracy and speed, it also aims to create a completely decentralized platform. In a nutshell, a system where only users and applications intervene and correlate without the intervention of third parties or intermediaries, reducing the real high cost globally. In fact, you only need to see the amount of money moving the markets depending on the location, not less than $ 11 trillion a year. If you compare them with other markets (about $ 400 billion in total capitalization of all secrets, or $ 2.77 trillion in B2C online sales)
Here are some examples of what this might mean in practice:
Amazon may switch to the payment model when delivery, whereby a package is tracked until it reaches your front door and you only pay for it once it is with you.
Hotel review sites may know whether people have actually traveled to stay in a particular hotel that they have just reviewed, thereby removing fake reviews.
Hand luggage can be tracked more accurately, so if luggage does not arrive, you will know its exact location and can track its progress back to where it should be.
Medical equipment can be monitored to ensure it arrives on time and on time
The pet tracking can be used, so if your cat is missing, you will know exactly where it is with high precision and the appropriate authorities can be warned. to pick it up.
Here are some clear applications for XYO technology, but there are indeed limitless applications.
Where are the Blockchain?
Now you may be wondering — this sounds all nice, but which blockchain goes into the image and why it is needed? Surely these devices can only communicate with each other anyway, without the blockchain?
Yes, XYO Network has developed a special Proof of Origin and Proof of
Witness and therefore aims to make location verification unreliable.
The beauty of the blockchain is that it can perform automatic smart contracts if it meets the criteria.
It sets up a system that says “if x happens, do y .” In this case, x might be “if Amazon successfully handles the parcel for this person’s home” and he can “pay for the item from that person. “
So, the XYO Network will incorporate all the IoT’s revolutionary connection devices with blockchain to make agreed things happen automatically and do not need the average man to verify them.
It is a very audacious vision and if it works in practice, can make a lot of different tasks more effective and transparent.
The XYO Network allows you to build a virtual panorama based on accuracy and accurate information transmission. This will not give way to mistakes and every venue is expected to have a level of detail unique in its style. In addition, security also plays an extremely important role at all times. Thanks to the guards, you can not forge a place, address or device. The entire database will be protected properly.
On the other hand, the “bridge” that constitutes the XYO Network is responsible for ensuring that information is transmitted properly and in a short time. This is how data transfer, regardless of their size, can be done quickly.
For file cabinets, this is a special technology that is only used by XYO to protect and store all types of data. Data backup is done in a way that is decentralized. Finally, fortune tellers are responsible for confirming the authenticity of all information coming in the system. This is how each device is perfectly matched to maintain the balance and excellence of the XYO Network.
ICO Details
Here are the main details of the ICO:
Token Identifier: XYO
Type of contract: ERC20
The ICO is open: March 20, 2018
ICO ends: May 20, 2018
Total XYO offer: limited to the total purchase during the sale of the card, not create additional cards
Price: 1 ETH = 100,000 original XYO and 1 ETH = 33,333 XYO at the maximum
Accepted Payments: TBC
The XYO Token
The purpose of XYO Token (XYO) will be for smart contract developers to use it to access geographic location verification from the real world.
If you have a smart contract on the XYO network, for example, Amazon uses it with their package to pay for delivery, they will need a XYO card for their smart deal to contact the device. Iodine.
This means more use of the XYO Network, the cards will be used more.
Team
Arie Trouw — Founder and Architect
He is an accomplished serial entrepreneur with a rich history of technological breakthroughs and business successes
Scott Schepher — Co-founder and Head of Marketing
He has worked on many exciting ventures with talented group of people.
Markus Levin — Co-founder and Head of Operations
He has 15 years of experience in managing and growing some companies around the world.
William Long — Head of Hardware
He has over 25 years of experience in engineering management and the development of electrical engineering.
Christine Sako — Head of Analytics
She has an extensive background in mathematics and has worked in upper management for five years.
Roadmap
2017: XY launched the world’s first hybrid GPS and Bluetooth technology enabled device — XYGPS. The company crosses 1,000,000 beacon mark and its blockchain based Oracle network is born.
Q1 and Q2 2018: The company mints the first XYO Token for smart contracts to access XYO Network . Development of XY Oracle Testnet to be completed. Rolling out of location-based blockchain protocol to its sentinel devices.
Q3 and Q4 2018: Launching of XY Oracle Main Network XY MainNet. API to be completed for smart contract developers to interact with XY Oracle Network. Release of XY sticker-based trackers for ecommerce packages.
2019: XY to grow the global network of diversified location sentinel devices. Launch of SatoshiXY VitalikXY LEO Satellite Sentinels. Formalization of business partnerships with enterprises to leverage the benefits of decentralized, trustless location oracle.
2020: Expansion of the global reach of entire XY Oracle Network.
Summary
XYO Network has four primary components.
Sentinels or the data gatherers
Bridges or the data relayers
Archivists or the data stores, and
Diviners or the answer aggregators.
Sentinels gather information about the location through multiple means like sensors and radios. Bridges collect this data from Sentinels and provide it to the Archivists who store the data for analysis by the Diviners. The Diviners analyze the location heuristics to generate answers to queries and relay the answer back into a smart contract. The accuracy score or the Origin Chain Score is determined through Proofs of Origin Chain, which are essentially a set of zero knowledge proofs. The chain guarantees multiple pieces of data which is originated from the same source, all the while not revealing any underlying information. Each component of the query generates its own Proof of Origin which is chained to each component it relays data to. The Proof of Origin is a novel formulation in the sense that it builds a chain of cryptographic guarantees along a path of relays in the network. This is done to achieve high confidence of real world data. The Proof of Origin Chain encapsulates the confidence a user can have about the location data. This can be tracked to the very first device that gathered the data.
Website: https://xyo.network
ANN THREAD : https://bitcointalk.org/index.php?topic=3040825.0
Bounty: https://bitcointalk.org/index.php?topic=3053801.0
White paper: https://xyo.network/whitepaper
Telegram: https://t.me/xyonetwork
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1255620![]