XYO Network Use Cases
The XYO Network’s usage has vast applications that span a multitude of industries. Take for example an eCommerce Company that could offer its premium customers payment-upon-delivery services. To be able to offer this service, the eCommerce company would leverage the XYO Network (which uses XYO Tokens) to write a smart contract (i.e. on Ethereum’s platform). The XYO Network could then track the location of the package being sent to the consumer along every single step of fulfillment; from the warehouse shelf to the shipping courier, all the way into the consumer’s house and every location in between.
This could enable eCommerce retailers and websites to verify, in a trustless way, that the package not only appeared on the customer’s doorstep, but also safely inside their home. Once the package has arrived in the customer’s home (defined and verified by a specific XY-Coordinate), the shipment is considered complete and the payment to the vendor gets released. The eCommerce integration of the XYO Network thusly enables the ability to protect the merchant from fraud and ensure consumers only pay for goods that arrive in their home.
Consider an entirely different integration of the XYO Network with a hotel review site, whose current problem is that their reviews are often not trusted. Naturally, hotel owners are incentivized to improve their reviews at any cost. What if one could say with extremely high certainty that someone was in San Diego, flew to a hotel in Bali and stayed there for two weeks, returned to San Diego, and then wrote a review about their hotel stay in Bali? The review would have a very high reputation, especially if it was written by a serial reviewer who has written many reviews with verified location data.
Check out some other intriguing use cases here 👇👇👇
https://medium.com/xyonetwork/by-providing-authoritative-proof-of-location-the-xyo-network-will-change-the-world-e1e7a6e65685