Imagine if an emergency rescue team falsely locate the victims in the middle of a hurricane? Or what happens when firefighters can not locate victims through burning buildings?
Those are only a few example of failed navigational system among common issues like wrong location when we use Google Maps; or wrong store when consumers wandering through shopping malls using a location app.
eCommerce and Transportation companies also face obstacles when attempting to deliver products across a wide geographic region. Especially when it involves automated drones and other peaks of similar technologies. We know there were some cases where drone failed to deliver the products, whether by mechanical fault or devious hacker.
It is very crucial to implement reliable location based technology and support on a community based level. It is also important to select the right navigational system that will not only provide the scalable solutions but, can equip businesses and organizations with the information to achieve organizational objectives or deliver results.
A Trustless & Decentralized Solution
A reliable location-based technology is important not only for the safety of people and their property but also for the package/product. XYO Network has focused efforts on making trustless location data possible through an ecosystem of crypto-location technologies and protocols.
Using the decentralized power of blockchain technology, the XYO Network makes it possible for smart contracts to access the real world by using the XYO Network’s ecosystem of devices to determine if an object is at a specific XY-coordinate. If it is, one can set up applications which execute transactions in the smart contract.
XYO Network is a successful location hardware company with more than one million Bluetooth and GPS devices already around the world. And now they are building a more efficient and foolproof way to deliver trustworthy location data through blockchain.
The source of location data would not originate from the centralized system but from a distributed network of interconnected devices that can validate the data through smart-contract. With this consensus-based system, XYO Network ensures that the location is valid while still maintaining privacy and security.
Location-based vehicles or drones, have the potential to significantly reduce the cost and time of making deliveries and responding to emergencies. And XYO Network is on the right path to building a decentralized location data and putting the technology back on track.
To learn more about XYO Token Distributions please visit: https://xyo.network/xyo-tokens/