XYO Network creates a reliable, decentralized system of location

sofash(41)

Published in

#bitcoin

Words

904

Reading

5 min

Listen

Play

1_kj2gKVLpj6Lzn7L-9T8IlA@2x.png

Over the past few years, a new words and notions are firmly rooted in our lives. One such the notion - is geolocation, which was more previously used by only representatives of some professions – a military, seamen, pilots and some. Today the geolocation has found broad application in everyday life, entertainments and Internet communication of the millions of people who to use new opportunities of electronic devices. Modern technologies of the geolocation took root in many devices of daily use. Take, for example, navigators which already included in the majority cars, either the smartphones where a GPS module included in a basic complete set.

A connected and smart world can give both developers and users fantastic new opportunities, and they begin here – in the XY Oracle Network.
The XYO network built on the existing infrastructure of more than 1 000 000 Bluetooth and GPS devices circulating in the world that distributed through their consumer business. These devices allow consumers to place tracking beacons on things which they want to trace (for example, a bunch of keys, car, skateboard, baggage and even pet). They may be used to home for tracking personal devices, at the workplace for tracking movement route of workers, in warehouses for tracking of movement of the expensive equipment, etc. For example, if a transport company monitors the relocation of costly equipment, the XYO network can be a productive and profitable solution for ensuring its security.

The XYO Network enables trustless transactions through an ecosystem of crypto-location components that can bridge the gap from the world of today, to the world of tomorrow. It will enable smart contracts to interact with the real world as if it were an API.

If we put aside conversations about worldwide conspiracy and total-surveillance, then the practical application of the geolocation is comprehensive. With its help, everyone will be able to:

to find the lost or stolen objects;
to determine the location in an unfamiliar area and to lay the most convenient route to the required place;
to orientation in a new city, to quickly find of organizations and institutions, shops, cafe and restaurants, museums, parks, stops of public transport, etc.;
to keep track of location a car or motorcycle, that is extremely useful in case of its stealing;
to monitor the movement of parcels and transported freights.

Now we'll look at how the XYO network works.
The XYO network is the open system in which an operator of location devices will be able to begin to earn XYO tokens. The purpose of the network is a creation of the reliable, decentralized oracle system which is steady against the attacks and gives the maximum confidence when the request for available data. The Oracle XYO network has four main components which collect information on location via sensors, radio receivers, and other means.

Sentinels (The Data Gatherers) that receive location data from the real world and prepare the proof of origin.
Bridges (The Data Relayers), gather necessary data from online Sentinels and append the Proof of Origin to their chain.
Archivists (The Data Storers) store this information for the analysis which then stored in decentralized stores along with a location index.
Diviners (The Answer Aggregators) analyze these locations data to generate replies to the requests and to appropriate them accuracy estimates. Then Diviners transfer these answers back to the smart contract (thus, Diviners serve as oracles).

In order, to create a decentralized consensus mechanism among the Diviners, the XYO network will be based on the public and invariable blockchain known as XYOMainChain which stores transactions of inquiries together with the data collected from Diviners.

Most of a businessman with fear belong to the introduction of geolocation technologies. Such worries caused by security issues related to the volumes and type of information which they need to receive. Information on the geolocation technologies functions will become more accessible, as Oracle XYO Networks will be able to provide more transparent use of the data.
The XYO Network can interact with any smart contract capable, public blockchain such as Ethereum, Bitcoin + RSK, EOS, NEO, Stellar, Cardano and others. To interact with the XYO Network, users on Ethereum, for instance, can issue queries to our XYO smart contract and pay in XYO Tokens (ERC20). The nodes in XYO blockchain, called Diviners, would constantly be polling Ethereum for these queries and be rewarded in the native currency of our own XYO Blockchain (also called XYO Tokens).

Users of the network will be able to track not only the start and end points but also each stage of delivery in real time. If you can not find your favorite thing, the special app for mobile devices will show you an exact location.

Web Client: XY Gamma
The XYO Network has a consumer-friendly Web App Interface, developer APIs, and software libraries that span popular smart contract languages (Solidity, Viper and more).

The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Details regarding our volume and time based pricing structure will be announced soon.
Smart contract platform: Ethereum
Contract Type: ERC20
Token: XYO
Token Name: XYO Network Utility Token
Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758
Total issuance: Finite and capped at the amount reached after the Token Main Sale
Projected XYO Token Cap: $48 Million

shape2-min (1).png