WHAT IS THE PROBLEM NOW?
Location data is used every day across the world 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.
But - 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.
=> The need for a difficult-to-disrupt system to complement GPS has been well known for years
ABOUT XYO NETWORK
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.
3 .How XYO Network Works ?
XYO Network laid unique, innovative algorithm Proof of Origin , which is not found in other crypto-currencies.
The reliability of this approach is that the location of any person or object with high accuracy is given in four coordinates: three mathematical XYZ and T-time variables. The last variable reliably checks that the measured object is not in two places at the same time, thus protecting the block of blockage from "double counting". XYZ coordinates provide a branched network of the project, which makes it easy to confirm the location of the object with the help of other users.
This algorithm is not associated with the thoughtless use of computing power or gigawatts of electricity, causing environmental harm. From the miners you need to move, and, as you know, movement is life.
THE BENEFITS OF PROJECT
XYO Network in E-Commerce Applications
If customer placed a order, an Ethereum smart contract will be stared and payment will be issued to the merchant upon successful delivery of the product. The delivery product will be added with XYO low-cost device that can keep track its interaction with other devices on the blockchain ledger. Other XYO network devices will also record their interaction with the package being sent out. Each of these interactions will be independently verifiable, thus identifying a network of positional certainty that extends to the beginning of the goods. After goods reach at destination, it is confirmed through the communication with the XYO network and payment will be released
XYO Network in Hand luggage.
We 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.
XYO Network in Medical equipment
We can be monitored to ensure it arrives on time and on time.
The above are some typical applications of the XYO network, but the fact, there are still a lot.
