Smart contracts have already managed to find their practical application today, but, unfortunately, while this area is limited only to the digital world. The reason for this limitation is the reliability and truth of the data. What is the essence of a smart contract? If to simplify, then this is a certain algorithm, where, under condition A, Condition B will automatically be satisfied. In the real world, all events are rather ambiguous, and therefore it is not always so easy and simple to use "smart contracts". Until recently, the solution to this problem could not be found, and therefore, smart contracts were used only in the digital world, which somewhat limited the possibilities.
Today, i will tell you about promising project XYO Oracle Network, which provides an opportunity to obtain reliable data on the real location of the object in the global coordinate system. Therefore it is possible to use smart contracts in the real world, regardless of their type and purpose.
To whom it may be interesting?
Today, smart contracts are used everywhere, even for simple household tasks. For example, using a smart contract, you can pay for gas or water. At certain counter readings, at a certain time from your account, which is usually indicated in the smart contract, the required amount is written off and sent to the accounts of the companies providing the services. It is very convenient and practical, but on condition that the counters are working properly and supply reliable data. XYO Oracle Network has found a technical solution to this problem and now you do not have to worry about the security of your funds.
The blockchain technology, among other things, practically excludes the possibility of changing data by third parties, and guarantees the safety of any personal data. Hacker attacks and other external influences are also excluded. For this reason, XYO Oracle Network can find application in following fields:
- At home;
- In production;
- In agriculture;
- In science, etc.
If you take the time and study the question, it becomes clear that the XYO Network Oracle is a very promising project, which, of course, has a great future. Today there are similar platforms that compete successfully in the market, but they don’t use blockchain technology to make all process transparent.
What are the advantages of the project?
XYO Oracle Network will finally give all users the opportunity to receive reliable data. The platform has an accessible interface, so everyone can use the services provided by the XYO Oracle Network, no special skills are required for this - the team of specialists will do everything for you.
As for queries, the XYO Oracle Network offers the best and the only correct answer, which also has its advantages:
- The platform offers answers with an accuracy ball, which is much higher than the minimum on average.
- Ability to contact any user.
- Payment аrе made in tokens.
- Associated witnesses only increase the already high accuracy.
The road map of the XYO Oracle Network is designed up to 2020 and it is planned to conduct new research of algorithms in the future. Project is really worth your attention and have the prospect of becoming a very profitable in near future.
Thus, it becomes possible to unite the real world and digital. This is quite achievable and simple enough. The Token Sale event was recently completed, so if you missed it, don’t worry! Just wait till XYO token goes on exchanges and buy it, great future ahead of this project!
References
Web Page: https://xyo.network/
WhitePaper: https://docs.xyo.network/XYO-White-Paper.pdf
Twitter: https://twitter.com/XYOracleNetwork
Telegram: https://t.me/xyonetwork
BTT ANN: https://bitcointalk.org/index.php?topic=3040825.0
Author: https://bitcointalk.org/index.php?action=profile;u=1143460