The blockchain technology has been dubbed as the next best thing after the internet. It is nicknamed the "internet of value". Blockchain enthusiasts and technologists believe that if we judiciously employ its features(decentralization, smart contracts execution, security, obscurity and so on) it can solve various world problems in health, e-commerce, finance, sports and engineering sectors.
A lot of blockchain projects has sprung up since then with a lot of promises to serve the world but we are yet to see their impact on real-life cases or perhaps they all want to sell some cryptocurrencies and nose dive.
Indeed, only a few walk the talk and among the chosen ones is XYO Network.
XYO Network is a decentralized blockchain platform designed with crypto location protocols responsible for accurate and trustless verification of location data. It has four essential fool proof protocols(Sentinels, Bridges, Archivists and Diviners) whose jobs are to ensure timely and accurate interpretation of location data verified by each protocol, sealed with proof of origin before relaying the message to users of XYO ecosystem. The verification method initiated by each protocol ensures that the location data generated is accurate and authentic. This made the XYO unique and different from the traditional location technologies which are vulnerable to spoofing and cyber attacks.
However, the question remains this; what is the applicability of XYO Network in real life situations?
1: To The Importer/Shipper
XYO Network technology is hosted on the blockchain and such has made it develop an ecosystem which is free, accessible and secure. Importers and shippers can subscribe to the XYO Network through its tokens to enable them to monitor their products or shipments. They don't need a centralized institution to do it for them since they are part of the ecosystem.
2: Personal Security
We live in a social world governed by centralized institutions which are dependent on inaccurate and hack prone geolocation beacons to interpret location data required in solving problems such as burglary or theft. Members of XYO Network ecosystem can secure their priced properties such as cars, phones, pieces of jewellery and other valuables. Whenever a robbery incident arises, users can send SOS information to the police with accurate location data for retrieval.
3: Shipping and Airline Logistics
The traditional methods of handling items such as containers, luggages, files, agricultural goods and materials have been ineffective since losses and damages are usually predominant. People complain of getting the wrong luggage, missing luggages, delay in the tracking of their merchandise. All these unfortunate incidents make them incur heavy losses and make them yearn for improved location technology.
CONCLUSION
In conclusion, I believe that a technology without applicability is like a chemical titration without an endpoint. XYO Network will change the location technology landscape through its unrivalled innovative features. Its technology is cheap, decentralized, accessible and worthy of worldwide adoption.
MEET THE TEAM
PARTNERS
FOR MORE INFORMATION ABOUT XYO
Telegram Group: https://t.me/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
Facebook: https://t.me/xyonetwork
Website: https://www.xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3040825.0
Bounty Thread: https://bitcointalk.org/index.php?topic=3053801.0
Author: donass1
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2084730
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