Hello fellow investors! I hope you are having a wonderful day. Today let’s have a look at this interesting project named XY Oracle Network (short form: XYO Network; its token name is also XYO). The project is given birth by XY - The Findables™ - a company based in San Diego (California - USA). They actually have developed a brand named XY Find It since 2014 and introduced over 1 million Bluetooth and GPS devices all over the world, which is the solid foundation for XYO Network to bring blockchain technology into real life.

The world that XYO created is full of interesting things

XYO Network is not a blockchain application. It’s a blockchain protocol which enables developers to build decentralized location-reliant DApps. You can see the list of more than 10 smart contract platforms that XYO supports on its website. How exactly can it help to utilize blockchain technology in real life? To answer this question, it’s actually a long story about smart contracts, Proof of Location, their weaknesses and how XYO Network comes up with the solutions, which you can find the details in the whitepaper. So I will just run through some use cases that are easy for to understand.

Imagine you order a product online from a retailer that uses XYO Network. When you finalize the order, a smart contact is created with the condition: payment is only released after the product is successfully delivered to your home. The product is then shipped to you. There’s a low cost electronic device included with it. That device is an XYO Network Sentinel. It interacts with other XYO Network devices and all of the interactions will be recorded on its blockchain ledger to help keep track of the shipment. When the product reaches the destination, the Sentinel will interact with XYO Network devices in your home, the smart contract will be executed and the payment is released to the retailer.

Imagine you order a product online from a retailer that uses XYO Network. When you finalize the order, a smart contact is created with the condition: payment is only released after the product is successfully delivered to your home. The product is then shipped to you. There’s a low cost electronic device included with it. That device is an XYO Network Sentinel. It interacts with other XYO Network devices and all of the interactions will be recorded on its blockchain ledger to help keep track of the shipment. When the product reaches the destination, the Sentinel will interact with XYO Network devices in your home, the smart contract will be executed and the payment is released to the retailer.

XYO Network can also be very useful in Medical care and Hospitals. A patient is given a special bracelet which is also a XYO Sentinel. This bracelet can interact with other XYO Network device such as the monitor that read the patient’s vital signs, and logs that information in the ledger. They XYO network could even record which doctor or nurse that treats the patient, medications that the patient receive and confirm if the dosage is correct. In short, the medical record can be assured to be completely accurate with the implementation of XYO Network. This helps to eliminate medical errors and improve medical quality as well as patient safety a lot.

Car/Motorbike Rental companies can implement XYO Network to keep track of their vehicles and keys. Commercial Airline can utilize XYO to find lost and mishandled luggage. You can read some more detailed use cases on XYO Network’s website and maybe you will find yourself inspired as I do. If you are curious about how it works then once again the whitepaper is where to look for.

I personally like this project because beside whitepaper, there are red and green ones together with Deck, technical one pager and executive summary for those who need a quick overview of XYO Network. By the time this post is published, there’ not much time left to get some XYO tokens. You should hurry up my friends. This ambitious network may become very big in the future so investing in it from now can be a good deal. Good luck!

More infomation

Website: https://xyo.network/
Whitepaper: https://xyo.network/whitepaper/
Telegram: https://t.me/xyonetwork
Facebook: https://www.facebook.com/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
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-Author: Hoangvuhk3110

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