In the resent times almost all devices are being automated with the help of artificial intelligence. For artificial intelligence device to function well it needs to be able to correctly sense its environment therefore sensation of the position of things and the relation of one object to another is very important. Any misinformation could result in errors. Imagine how the gravity of such error could be in big machines like cars or planes.
In recent times there has been tremendous growth in technology and devices which can track location. Majorly using the GPS. Yes the gps is accurate and reliable (in the absence of none )but in recent times more people have learnt ways to tamper with its information making it not so secure. which means it cannot be fully relied on
One of the newest improvement to this technology is the XY ORACLE NETWORK (XYO).
XYO network aims at createing a trustless, decentralized system of location oracles that is resistant to attack and produces the highest certainty possible when queried for available data. One of it biggest advantage is that it is based on blockchain technology. In the blockchain information is stored in blocks which are linked to each other in such a way that to change information in one block you have to also change it in the other blocks and also being that it is decentralized and publicly accessible makes it harder to put in a wrong information .
The project has go far successfully but development is still in process . This means finally we have gotten a position sensing tech which is more reliable,accurate and most importantly much more secured
XYO can be used in so many aspects of our lives like
Automated drones: which is used to transport goods from one place to another. A field in which the military and e-commerce giants have shown great interest in
Insurance companies and rental car facilities to prevent loss or theft issues
E-commerce to track goods transportation and also for payment of contracts
Hospitals to store and retrieve information of any patient helping to reduce cases of greivious errors .
And so much more.
To interact with the XYO network xyo tokens are needed. These tokens serve as the payment when interacting with the network’s devices. Currently the tokens are on sale and will end on the 19th of may 2018.
To learn more or to join the XYO project you can visit
Telegram https://t.me/xyonetwork
website https://www.xyo.network/
Bitcoin talk page https://bitcointalk.org/index.php?topic=3040825.0
Or read the white paper https://xyo.network/whitepaper
