XYO creates an unreliable and decentralized oracle system

Maret 23, 2018

Abstract

With the advent of connected technology, depending on location, our privacy
and safety is highly dependent on the accuracy and validity of the location information. Various efforts have been made to eliminate the need for centralized entities that control the flow of location data, but every effort depends on the integrity of the devices that this data collects in the physical world. We propose cryptographic locations that can not reliably network using a new formulation that relies on a zero-knowledge proof chain to establish high-level data certainty about location information. The XYO Network (XY Oracle Network) is an abstraction that allows verification of layered locations across multiple classes of devices and protocols. In essence it sits a new set of cryptographic mechanisms known as the Proof of Origin & Bound Witness that bind together the power of blockchain technology and real-world data collection into the system with today's live apps.

Wat is XYO?

XYO is a reliable, proof-based cryptographic location network that eliminates the need for centralized location data collection. The XYO network will allow you to locate individual objects or objects through multiple classes of devices and protocols. To do this, use the XYO team "Proof of Origin" and "Linked Witness" to unite a decentralized world of lodging with our real data on the new network that changes the game.

It may be seen from the future, but as I told you at the opening of this article, we live in the future, and the XYO project is readily available and ready for business. They have an operating operating infrastructure of 1,000,000 beacons, one of the largest Bluetooth and GPS networks in the world. For XYO project, this is just the beginning!

Even at the first reading, it's not easy to understand all the technical details for someone who does not have a technical background. I found XYO WHITEPAPER to be complicated and interesting. To simplify everything, it will not even be 100% accurate. The XYO team has created a decentralized and updated GPS system that is safer to use and less vulnerable to unwanted intrusions from third parties. Creating something with this scale and interest is a huge achievement, and the possibilities of business programs for XYO projects are numerous. For additional information on possible use, XYO will provide us with detailed explanations and documentation for all major subjects: e-commerce, medical and hospital services, car rental agencies, commercial airlines, insurance agents, national security agencies, drone delivery systems and more in the near future.

How it works

When a customer completes an order, a smart Ethereum contract is made that will release payments to the merchant after successful delivery of the purchased product. The shipment will include the XYO Touch Network, a low-cost electronic device that records its interaction with other devices on the XYO Network on its blockchain ledger. Other XYO Network Devices will also record their interactions with packets sent. Each of these interactions will be independently verified, asserting a location-specificity net that extends all the way back to the origin of delivery. When delivery reaches its destination, as confirmed by its interaction with the XYO Network device within the buyer's home, a smart contract will be fulfilled, and payment will be released. There must be a dispute,

Transaction terminal point - the point at which the packet is shipped and the payment is released - will be determined at the time the order is made. Amazon has experimented with several secure delivery systems, including lockers in public places such as shops and even electronic keys that give their delivery team access to customers' homes. XYO Network Devices in this safe location will confirm delivery. In the Amazon locker, the delivered packets will interact not only with their lockers, but with XYO Network devices in other lockers and customers who use them. At the customer's home, the XYO Network node can include subscriber phones, IOT devices, and even Amazon Echo used to place orders.

What if blockchain technology can be bridged with the real world?

Bitcoin technology and blockchain are limited to the internet. Any new blockchain technology, cryptocurrency, or new "token", which is an economic tool used to align the underlying platform economy, focuses on online applications rather than offline ones.

Although the offline world, the world market is actually still the largest. It's worth more than $ 400 trillion annually. Since 2012, we have developed location-based technology that aims to connect the digital world with the real world. Over the past few years, XY has developed an important technology to bring blockchain to the offline world, making it programmable and accessible to smart contracts.

To enable this, we have to overcome two very difficult tasks: First, we've created consumer-based consumer product businesses focused on getting Bluetooth tracking and GPS tracking trackers around the world. And second, we have developed innovative research in blockchain technology that focuses on the location so it is no longer limited to the online world.

After years of research and innovation, we have completed both.

XY has become a leader in technology that can be found with Bluetooth and GPS tracking devices that allow consumers every day to track real items in real-time, right from their smartphones.

XY now has more than 1 million location beacon devices circulating in the world. In just a few years, we've built the world's largest network of Bluetooth & GPS devices.

HERE IS THE REAL THINGS LOOKING FOR

Due to the progress we've made, we can track objects, from jewelery to cars, to their exact location in real-time. This is because everything in the world is determined by their XYZT coordinates; These things can not leave that space.

When people or objects run along their T (time) coordinates, they interact with each other, creating what is called metadata. Simple examples are two or more people in a meeting or conversation. Conversation is a recording of interaction. In the case of the XYO Network, we take this interaction as the signature time between these two parties - two people take a selfie, make two selfie copies, sign both, and each take it. The resulting metadata is now also a permanent link between two entities; This is the core protocol underlying the XYO Network platform and discussed in detail later.

Sales Token

Public token sales have a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out on 1 ETH: 33,333 XYO.

Smart contract platform: Ethereum

Type of Contract: ERC20

Token: XYO

Token Name: XYO Network Utility Token

Total issuance: Limited and limited to the amount achieved after the Main Sale of Token 15

ICO Sale: March 20, 2018 - May 20, 2018

Amounts incurred during major sales: Unlimited

Unsold and Unallocated Token: Burned after token sale event. No further XYO tokens will be generated after the Main Sale ends.