XYO NETWORK - THE PROOF OF LOCATION PROTOCOL THAT CONNECTS THE BLOCKCHAIN TO THE REAL WORLD

in xyo •  7 years ago  (edited)

With the continuous development of the social economy, the negative side of life with the evils such as theft, robbery ... the more. In that situation, the safety of yourself and your property is the top concern of all. By equipping the GPS unit, that safety will be assured. The GPS navigation system has been used extensively in many social fields. Today, built-in surveillance systems come in a variety of shapes and sizes, from standard GPS-to-USB devices and built-in mobile devices.

Popular GPS systems on the market are available in two major categories, real time GPS systems and passive systems. The basic difference of these two systems is the storage of data. While real-time GPS systems transmit data directly at the time of the incident, passive systems only store data for retrieval at a later stage. The GPS tracking system is used in vehicle tracking to track vehicle position, direction, speed ... In particular, with the transport business, this system is the optimal solution that allows them to track the vehicle. and ensure timely delivery of goods and services.

With these features, GPS is gradually becoming a companion to individuals and businesses, especially those operating in the transport sector.

ABOUT XYO NETWORK

The need for a difficult-to-disrupt system to complement GPS has been well known for years. GPS is exceptionally accurate and dependable, yet jamming, spoofing, cyber attacks and other forms of interference appear to be growing in frequency and severity. This has the potential for devastating effects on our lives and economic activity.

With the XYO network, you do not have to worry about the issues mentioned above. XYO network is the synthesis of many technologies. First of all, there are smart contracts capable of accessing real-world data. By using the XYO Network’s ecosystem of devices, these contracts can successfully determine the x-y coordinates of any object in the world. That in itself opens up a lot of opportunities, assuming there are companies that will make use of it.

Additionally, users can deploy applications to execute transactions as part of this smart contract technology. That will be rather interesting to keep an eye on, assuming people are actually planning to build applications on top of this new network. Any project needing to verify location data in any capacity can benefit from what the XYO Network has to offer in this regard.

The main purpose of this new project is to create a successful location-based business to get Bluetooth and GPS tracking beacons out in the world. Combining this aspect with blockchain technology, smart contracts, and dApps will certainly introduce some peculiar challenges and opportunities moving forward. The current use cases span industries including e-commerce, logistics, rental car agencies, and so forth. With over 1 million devices out in the open world already, the project is certainly off to a good start.

THE BENEFITS OF PROJECT

  • Amazon can switch to a payment model upon receipt, whereby an order is tracked until it arrives at your front door and payments are made automatically.
  • 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.
  • Even tracking pets 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 find it.
    The above are some typical applications of the XYO network, but the fact, there are still a lot.

WHO BEHIND THE PROJECT?

Behind the success of the project can not fail to mention the contributions of the development team and the advisory board. The following is the information of some key members. The rest of you can see more details at their official website:

  • Arie Trouw – Founder & Architect: He currently serves as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and Chairman of the Board of Directors. Prior to starting XY - The Findables Company, Arie was CEO and Chairman of Pike Holdings. (later sterkly, LLC). Before Pike, Arie served as Chief Technology Officer of Tight Line Technologies LLC. He received his Bachelor of Science in Computer Science from the New York Institute of Technology.
  • Scott Scheper - Co-founder & Head of Marketing: Scott's career has revolved around technology startups and digital advertising since 2008. Scott's first "real boss" was Arie Trouw, who hired Scott in 2009 during an economic recession, when very few companies were hiring, and even fewer were starting companies. What began as a Facebook app startup with four guys and a ping pong table, grew to over 200 employees and 9-figures in revenue in less than two years.
  • Markus Levin - Co-founder & Head of Operations: Markus mined his first Bitcoin in 2013 and has been captivated by blockchain technologies ever since. Markus has over 15 years experience in building, managing and growing companies around the globe. Markus is originally from Germany (with English as his second language), and specializes in getting the most out of companies by implementing data-driven systems and utilizing the key talents of each employee to get the best out of his team.
  • William Long - Head of Hardware: William is a veteran computer hardware and firmware technologist with over 25 years experience in engineering management and electrical engineering development. He's also a successful entrepreneur, having founded several computer product and data storage companies, some of which have become publicly traded. William has authored 3 US patents, and is an iOS/OSX product development authority (as an Apple certified developer since 1986).

Some advisors:

ICO INFORMATION

Overview:

● Start: March 20th, 2018
● End: May 20th, 2018
● Token Price: 1 ETH = 100,000 XYO initially and 1 ETH = 33,333 XYO at max. Price increases per transaction and is based on a linear model.
● Projected XYO Token Cap: $48 Million

All unsold and unallocated tokens will be burned after the token sale event.

Token allocation:

CONCLUSION

BLOCKCHAIN JUST ENTERED THE REAL WORLD – XOY NETWORK has a great future concept, features, and technologies. XOY NETWORK is a potential project with a great idea and available product that own outstanding points. In addition, with a fabulous team of Founder, Advisors and Investors with lots of experiences and knowledge about Streaming Media, XOY NETWORK is expected to be a good choice to invest.

USEFULL LINKS

Website: https://xyo.network
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3053801.0
Facebook: https://www.facebook.com/xyonetwork
Telegram: https://t.me/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
Github: https://github.com/XYOracleNetwork
Instagram: https://www.instagram.com/xyoraclenetwork/
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734

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