Exactly to the point

In the modern world, there is no way to do without such data as GPS provides. Many technologies use are tied to the use of the location of the object and the more precisely the location is determined, the better. For example, there are various glad applications that are installed in your smartphone, among which are those that remind you to buy products, when you pass by the store application needs to accurately locate.

With the arrival of the Blockchain, a new era of locating is arrived at using the Blockchain chick. XYO Network (XY Oracle Network) offers a new approach to locating, namely, based on the chain of evidence of zero knowledge, to establish a high degree of reliability of the location data. With the help of XYO Network, multi-level verification of the location in many device classes and protocols will be carried out.

At the heart of the whole location algorithm is a new mechanism known as Proof of Origin & Bound Witness, which focuses on the advantages of blocking and real-time data collection available today. XYO Network is built on an existing infrastructure, which includes more than 1,000,000 devices, which are distributed throughout the world. In just six years, the company managed to create the largest network of devices for tracking. Bluetooth and GPS devices XY allow you to place physical tracking beacons on things that they want to track. Therefore, if you suddenly did not find luggage at the airport or the home dog is lost, you can easily track it with the help of XYO Network.

Principle of operation XYO Network.

XYO Network has four main components: Sentinels (data collectors), Bridges (data repeaters), archivists (data stores) and Diviners (answer aggregators).

In general terms, it can be described as follows: Sentinels collect information about the location through sensors, radios and other means. Bridges take these data from the Sentinels and provide their Archivists. Archivists store this information for Diviners to analyze. Diviners analyze the location heuristics of Sentinels to generate responses to queries and assign them accuracy estimates. Then Diviners pass these responses back to a clever contract (thus, Diviners serve as oracles).

The accuracy rating, called the "Target of Origin", is determined by a set of evidence of zero knowledge known as "Proof of the origin of the chain". This chain guarantees the receipt of two or more data from the same source, without revealing any basic information. To create a decentralized consensus mechanism among Diviners, the XYO network will rely on the public, unchanging Blockchain known as XYOMainChain, which stores transaction requests along with data collected from Diviners and their associated bar.

The main purpose of the token XYO

XYO Network is designed for abstraction, which can interact with any intellectual contracts, such as Ethereum, Bitcoin + RSK, EOS, NEO, Stellar, Cardano and others. To interact with the XYO network, users from Ethereum, for example, can issue requests for our XYO smart contract and pay XYO tokens (ERC20). Nodes in our own XYO Blockchain, called Diviners, will constantly query Ethereum for these requests and be rewarded in the own currency of our own block XYO Blockchain (also called XYO Tokens). In the future, XYO Network will make an individual conversion from holders of our ERC20 to its own currency Blockchain.

In my opinion, in the near future unmanned drones will be introduced, which carry out the delivery of goods purchased on the Internet. In order to track such a drone and direct it to the target, it is necessary to use the exact application of precise geolocation, which the XYO Network will be able to provide with its new approach using Blockchain.

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

Bitcointalk username: Dukjila
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