Block-projects, working at the moment in the world, are conventionally divided into three categories. The essence of the first is the development of a conventional crypto-currency project, through which transactions occur more conveniently and faster than in common networks such as Etherium or Bitcoin. But they have minimal chances of success, given the level of competition in the core area.
The second category of projects is a service that represents certain products that are based on blockbusters. Even now you can use social networks on the blockroom, trading floors and so on. Similar projects are already characterized by the presence of higher chances for development, but provided that the new product proves useful to the community and will be competently implemented.
The latter category is more global. It sets itself the task of developing the blockade itself. A striking example of this was the Etherium, which brought the use of crypto currency to a fundamentally new level.
Why all this? The XYO Network project, which you will familiarize yourself with in this article, just applies to the third, at the same time, most complex and fascinating category of block-network networks. It provides an opportunity to significantly expand the capabilities of the block.
What is the idea?
The main task of the XYO Network is to develop a block system that will work on the basis of geolocation. In other words, geolocation will be transferred directly to the block. According to the developers, the Etherium, which offers its own smart contracts, even despite its revolutionary nature, is already experiencing a period when a serious revision is required. It is the binding to geolocation that will become that necessary modernization. As a result, the network will increase the level of security, and the likelihood of fraud will be reduced if not to zero, then to the minimum level accurately.
The market for communication systems that do not directly relate to the Internet - for example, GPS or Bluetooth, although it is very large, but also characterized by problems with the level of confidentiality, security and speed of information processing. Thanks to the blockade, these problems will be completely eliminated.
Developers of XYO Network already use their own geolocation system, which includes 1+ million sensors. In their opinion, the network represented is the largest in the world. Thus, the company can check the location and coordinates of the movement of any given objects as a whole.
What is the benefit of the work of XYO Network, it is easier to explain on specific examples.
Suppose a company specializes in the delivery of parcels. In the process of selling and delivering products to any corner of the world, the store feels the need to use the services of a huge number of logistics organizations, consisting of thousands of employees. In a similar situation, a store that values its own reputation will not be able to quickly and efficiently monitor the quality of transportation companies.
The use of XYO Network allows the store to conclude smart contracts not only with its customers, but also with logisticians. The seller gets the opportunity at any convenient moment to check the movement of the goods to the house from their warehouse. Also, the seller can receive payment for the parcel only upon receipt. At the same time the transport company is not involved, and the courier gets rid of getting additional powers.
In the basic terms of the contract it is indicated that the amount charged for payment of the order is frozen until the receipt of the goods is confirmed. Only then will the funds be transferred to the seller. But what is the task of geolocation in this case? It will act as confirmation of the actual fact of delivery and receipt. The result is that the buyer can not deceive the seller.
Road map
The official launch of the XYO Network project took place in 2012. At this time, the company appeared on the market XY, which took up the release of devices based on GPS and Bluetooth. Five years later, in 2017, the first hybrid device was released, supporting both protocols. With its help, you can send a signal anywhere in the world, where there is access to a mobile or geolocation network. The company has released the device XY4 +. The developers have created a number of additional firmware for servicing existing devices. In the same, in 2017, the company decided to move its own platform to the block.
In 2018 the team plans to organize the following events:
- the first quarter - ICO, the official release of the company's XYO token, which will be used as a means of payment in the process of concluding smart contracts, as well as a means of accessing the network;
- the second quarter - the test network on the blockbuster will successfully pass the final stage of development.
In the second half of the year, a full-fledged version of XYO Network will be launched, an API network code will be created to create new smart contracts. During this period, the company also plans to launch a project called XY-Stick, through which it is possible to check the delivery process of parcels by logistics companies.
In 2019, the company plans to expand the scale of the network, successfully conclude contracts with large data providers, and also to purchase the purchase of several places on satellites. It is planned to attract a number of large enterprises for joint partnership work.
ICO
The ICO is scheduled to begin on March 20, 2018. Duration - two months. You can make a purchase for the airwaves, the cost of one coin is 1 XYO = 0.0183 USD
After the ICO is over, the price of XYO coins will go up three times. Additional rounds of sales are not foreseen - after kraudsail is over, the remaining coins will be destroyed.
conclusions
Based on the above, XYO Network plans to intrude into the familiar life of users. This should be facilitated by the ability to receive packages from transport companies without problems. On the official site White Paper is released, which details the concept of the work of the block-network, a team of developers is represented, and other useful information is available.
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Author: idup
Profile BTT: https://bitcointalk.org/index.php?action=profile;u=1826813
ETH: 0x162b4862c2Aa74eB272974EdF91B754a57A5f01e
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