XYO Network: Blockchain Based Location Verification

eulusoy (25)in #xyo • 7 years ago (edited)

Location detection is one of the most important inventions in our history. Position systems, which were used in military fields for the first time, are now used in many areas of our lives. For locating, some developed countries are using their own satellites and making the lead of this technology. There are a few system for finding location such as GPS , Glonass, Galileo and BeiDou. Among them, the GPS system ,developed by the United States government , is the most widely used position system in the world. The integration of GPS into mobile phones and the availability of GPS in almost every phone have increased the demand for location applications.

Popular applications such as Pokemon GO, Ingress, Runtastic, Endomondo, Sports Tracker, Swarm, FourSquare have emerged. Moreover, the demand of vehicle tracking systems has increased considerably in recent years. Most of these location-based applications use traditional methods for location services. They keep the data they receive from the GPS in a central database.However, keeping the location information in the central database causes problems like security and cyber attack and especially privacy matters.

The XYO Network project offers a decentralized, reliable and confidential solution to solve these problems. XYO Network uses Beacon technology with GPS. Beacon; is a location-based interaction technology that uses Bluetooth technology. The XYO Network project is basically composed of four parts:

Sentinels
It takes the location data and transmits it to “Bridges”.
Bridges
It receives location information from “Sentinels” and transmits it to “Archivists”.
Archivist
It takes position from “Bridges” and keeps data for “Diviners”.
Diviners
It responds to questions by analyzing the data stored by “Archivists”.
Beacons passively transmit signals and transmit specific messages depending on distance. The main distinguishing feature of the project is that the XYO Network allows us to find anything or person we want through the beacons and their Protocol. With more than 1 million locations in the world right now, XYO is the blockchain’s first crypto location project which is an Oracle network. XYO Network enables developers and smart contract creators to interact with the real world like an API.

XYO Token Features:

Smart Contract Platform: Ethereum

Contract Type: ERC20

Token: XYO

Token Name: XYO Network Utility Token

Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758

Conclusion:

Data privacy has been one of the most important issues recently. Storing location data securely and anonymously is an important part of the project. There is currently no other similar project like the XYO Network project which offers a smart contract solution based on location data. One of the most important features of the project is that it offers blockchain platforms such as Ethereum, TRON, EOS, Arcblock to developers to create decentralized DAPPS. XYO Network Github page contains codes that is developed for JavaScript, Kit, Java, Android, Solidity languages.
According to the information on the website, XYO Network already has over 1 million beacons. If the project accomplishes its promises, it could be one of the most successful cryptocurrencies of 2018.