The GPS revolution
The GPS technology or the Global Positioning System have revolutionized every aspect of the modern world. By becoming interactive and more useful in almost, every industry GPS solved many trust issues in the business market. Companies could suddenly track their shipped parcels on a global scale and with an error of mere feet.
With the help of GPS, people can now navigate unknown cities without any problems, find missing people and assets and this is just to scratch the surface of what this technology is capable of. An increase in reliability and accuracy are registered every year as there are continuous development organizations in the field, committed to delivering cutting-edge technology.
Currently, GPS relies on satellite connections only and because these satellites are in space, scalability issues arise. In order to augment this technology, ground-based beacons would be the natural next step, but given the fact that these beacons could be tampered with, technology leaders in the field of GPS were skeptical to advance to this step so quickly.
The XY Oracle Network: Blockchain meets GPS
Combining blockchain technology and the deterministic power of location the XYO Network plans to bring the Smart Contracts feature to the real world. Smart Contracts allow a programmatic interaction to be embedded with the GPS technology, for example, a vendor delivers a good to a customer with the help of the XYO Network. Once the good arrives at the destination, with the help of the XY coordinates the vendor will be able to detect that and automatically get paid for the delivered product.
This, however, is just a simple example, XYO could disrupt the E-commerce industry that’s currently evaluated at a whopping 11 trillion dollars, to put things in perspective, the current total crypto market cap is only around half a trillion dollar. Granted that this tech stack is implemented well, the projected growth of the project could be exponential.
Proof of Location
Centralized solutions currently source reliable GPS technology. The problem is that the centralized way is prone to interference, vulnerable to hacker attacks and thus tampering with life-threatening circumstances. Thanks to the decentralized nature of the blockchain technology GPS can finally become a tamper-proof system. Having a decentralized confirmation of location by employing a network of interconnected hardware solutions will allow for an instrumental paradigm shift on how people can source location data.
By eliminating central points of control, the network will be completely self-sufficient, and the current market needs will dictate the need for such technology. However, if blockchain technology has proven anything yet, it would have to be the ability to lower running costs of any technology it intersects with. Big centralized solutions will not be able to compete with the cost-effectiveness of the decentralized net so the only solution for these bigger companies would be the rethinking of the business model.
Weaving privacy with a Proof of Location protocol that can employ Smart Contracts is undoubtedly going to disrupt a significant number of markets.
By utilizing the XYO Network and XYO Tokens, companies can offer 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. As a trustless and decentralized system, the XYO Network provides independent confirmation not only of a package’s delivery, but of its entire shipping history. This also allows a retailer or eCommerce site to offer payment upon delivery, utilizing an Ethereum smart contract to protect the merchant from fraud or loss
Technological progress has given mankind gps technology. Now you do not need to carry a huge number of paper cards. Now you do not need to worry about losing a route. All you need is a device (mostly a smartphone or a GPS navigator.). Thanks to such devices you will get rid of many headaches and will feel sure wherever you are. This is used in all branches of the world economy.
People are becoming more and more dependent on new technologies. But there are a number of threats that pose great challenges for the entire industry. Various forms of interference such as cyber attacks can exacerbate the situation.
The XYO network is the answer to this problem. The XYO network makes available information about trust through a system of cryptographic technologies and protocols.
Which are necessary to bridge the gap in the world today, into the world of tomorrow.
Network XE is a very strong and complex breakthrough in the technology of the block chain. He changes the preposition about the things we know. It's a dream thing.
I like the solution that the XYO Network imposes. Those who are interested in this must necessarily visit the main sat. I am sure that you will be surprised.
Thank you, this promises to be a revolutionary solution.
GPS is a one of the human finest investion which has changed the world..GPS helped many aspects of lives. GPS has helped army,business,transportation etc to facilitate..Now it has became most essential part of human life to navigate places and directions...Use of GPS has made self dependent to us where ever we go no matter we can find anything or places by navigating it in ant part of the world...GPS has also helped in revolution of technology and online market to flourish...All rhe modern car and rental car use GPS to receive customers and to give ride.
GPS has made world very small. @danizaharie
RYPTOECONOMIC INCENTIVES FOR LONG-TERM VALUE
Built into the XYO Network’s cryptoeconomicssits ground-breaking tools for incentivizing both XYO Miners (crypto-location miners) and Token Holders (with Token Rebates), which encourage healthy liquidity, low transaction fees and long-term value.
ALL UNSOLD TOKENS BURNED AFTER SALE CONCLUDES
In order to award those who purchase XYO Tokens during our current Token Sale period, all tokens that are not sold after the Token Generation Event concludes will be burned; thus the tokens one purchases during the sale becomes a finite, scarce resource, which benefits those who purchase tokens during the sale.
Their is no doubt GPS is the biggest invention in human life.we cannot imagine human life without GPS,because of GPS we an travel easily anyway we don’t need to know about all the direction.now a day we can see in every car or vehicles thay use GPS..its all thank to the blockchain of technology that make our life easy.
Great post @danizaharie
Technology advances and affordability makes it accessible for each of us to own a GPS device. For those who do not know what GPS actually is, in a nut shell, a tracking system created by the U.S. government for spying that finally in the 80s was opened up to the public to use. It consists of three parts: satellites that orbit the Earth, Monitoring stations, and the actual GPS unit.
GPS is not limited to means of travel but also quite prevalent throughout our society. GPS systems help the individual locate points of interest. For instance, one can seek for desired places to stop in the cities in which you visit. If you need medical care, you can find a hospital through GPS. Searching for points of interest on a GPS is quite a benefit of its own. @danizaharie
GPS has incredibly changed the lives of us people in the areas of technology, culture and our thinking. It has become an integral part of everyone's lives and is available everywhere today, be it on your mobile devices, cars or other gadgets. It has helped out businesses thrive, eased navigation and changed how we live and communicate.
Great idea this proof of GPS location blockchain. On their website (by the way, I like the design and all the animation, great work), I read that the company behind the XYO Network is XY Findables, which founded in 2012, produced over 1 million Bluetooth & GPS beacons that interact every day in the real world (very fierce competitor to Tile). So, it's always good to see a project with a real impact in the world. But only 13h before the ICO, I have to read the Whitepaper rapidly. Thanks for sharing...
Technology is not yet done with innovations that continually improves the efficiency of how things were done in the past. With GPS, the world continues to shrink and shrink in scope, enabling more transparency in business dealings in the process. GPS technology is indeed a revolution.
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