Given the present pace with which ICOs are being launched, many blockchain services are facing problems. Despite aiming at umbrella products for massive markets, blockchain products cannot find a footing to share the market pie as they are still at a stage where they must seek adoption, and it’s unlikely businesses are going to expense on multiple products offering the same thing—only one of them can stand out per industry during the earliest years of this revolutionary technology.
This allows XYO Network to allow the creation of smart contracts that can treat the physical world as an API to be connected in a company’s internal network. The location-reliant trade markets add up to over $10 trillion. And with the trustless interactions XYO creates, its going to have a major impact in growing the size of this market (explained here).
Boston Consulting, one of the prime consulting firms in the world, believes that the US mapping service is worth around $37 billion. Keep in mind, that’s just the US mapping industry, and I’ve already established how this product is about to greatly enhance the global value of location accuracy and tracking in trade.
Analysts at Morgan Stanley estimate that Google Maps could drive revenues of $1.5 billion with 25% annual growth projections.
XYO Network isn’t a map; it’s a far superior technology than that. It has myriad applications in business interactions and it offers operational efficiency and across the board cost savings.
- It allows e-commerce brands to greatly reduce chargeback fraud by having proof of when a customer receives a product.
- It allows logistics management to reach a new technological stage as even the smallest products will be easy to track, thereby greatly reducing losses attributed to misplacing items
- The military, which is highly reliant on location for tracking enemies and tracking campaign progress, happens to be a massive consumer that could greatly benefit from this product
The opportunities and scope of XYO Network can lead to a potentially limitless list as its value varies from industry to industry. If mere maps can hold market valuations in the billions, a product that takes utility of location to be directly linked with the automated systems of any business is about to command one of the most prominent market valuations, at least among the products from the blockchain market.
Part 2: Essential Information
🌐 Website: https://xyo.network/
💡 Whitepaper: https://xyo.network/whitepaper/
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3040825.0
💻 Telegram: https://t.me/xyonetwork
⌚️ Token Sale: MARCH 20
📃 Ticker: XYO
👂🏻 Token Type: ERC20
🔗 Whitelist: YES
💰 Accepts: ETH
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