One of the most ambitious and ambitious blockchain projects in the near future is the ICO and it's called XYO Network.
This project aims to use a large network of connected devices in the real world to track exactly what items - everything
| What is XYO Network?
XYO Network has developed a special Proof of Origin and Proof of Witness and is therefore intended to make location verification credible.
The advantage of blockchain is that it can perform smart contracts automatically if it meets the criteria.
It sets up a system that says "if x happens, do y." In this case, x could be "if Ebay successfully delivered the parcel to this person's home" and he could "pay for the item from that person. "
Therefore, the XYO Network will incorporate all IoT's connection devices with blockchain to make agreed things happen automatically and do not need to manually work to verify them.
| XYO Network Strengthens Crypto-Location Tech Portfolio With the Acquisition of GEO
In a move that strengthens San Diego-based XYO Network as a leader in the development of crypto-location technology, the company has recently acquired GEO. The company GEO and the team behind it first attracted the attention of XYO Network during EthDenver, one of the largest hackathons for Ethereum in the United States.
GEO provides a protocol that allows anyone to easily distribute and verify Proofs of Location in a decentralized network, all without a massive overhead.
Companies often require a verifiable Proof of Location, but traditional metrics, like GPS, are easy to spoof. GEO approaches this challenge differently. It is centered around Nodes, which are devices set at a fixed physical location. Users can connect to the Nodes via Bluetooth and receive a Proof of Location signature. The signature is unique because it relies on the user's unique device ID as well as the time-stamp, cryptographically proving that the device was indeed near the Node at the time specified.
The GEO team created a smart contract model for probabilistic Proofs of Location for a variety of possible uses including:
- eCommerce: Companies like Amazon and UPS an offer, as a premium service, an independently confirmed ledger to track every step of a shipment's progress, starting at the fulfillment center and ending with the package's secure delivery within the customer's home.
- Automated Drones: Automated drones operating independently of each other will be able to communicate their relative and absolute locations using a universal protocol.
- Hospitals: By tying the XYO Network into the operational frameworks that are already in place in Hospitals, care providers can significantly reduce failures in communication and record keeping that result in patient injury and death.
| ICO XYO Network
Ticker: XYO
Token type: ERC20
ICO Token Price: 1 XYO = 0.0243 USD
Whitelist: Yes
Accept: ETH
Website: https://xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Telegram: https://t.me/xyonetwork
Bitcointalk: https://bitcointalk.org/index.php?topic=3040825.0