Topic: Revolutionizing Location Proof Through The XYO Network (Read 134 times)

Changing your GPS location cannot get easier than this, you only need to install the FakeGPS free app from your mobile phone and poof! Your location is hidden.

GPS locations are no longer a reliable source of proof of location.

Gamers such as Pokémon GO players know this only too well. It is disgruntling to chase a pokemon only to realize that its physical location is somewhere in the middle of the Atlantic.

A more serious threat to fake location is in the intelligence department. A hack into the GPS locators of criminal investigative department creates vulnerability and insecurity to the whole process.

XYO network aims at using the blockchain technology to develop a first of its type network which helps to accurately trace the location of an object.


Sentinels
These are also known as the data gatherers. They confirm, with certainty, the location of an item by the use of temporary ledgers. Sentinels act as proof of origin which can be relied upon by the other components.

Bridges
They can also be described as the data transporters. Bridges ensure secure transportation of the temporary ledgers which have been generated by sentinels to the archivists, through the XYO network. Bridges also confirm the proof of origin that has been established by the sentinels.

Archivists
Also known as the data stores, archivists store the ledger information that has been secured by the bridges in a decentralized form. Archivists also index the ledger and make it available to the diviners whenever it is needed.

Diviners
Diviners act as the answer aggregators in the network. They retrieve information from the archivists, analyze it by judging the proof of origin and use it to add answers to the block chains.


Decentralized network
No entity is in control of the verification process. Any change of location is communicated to all the players. This makes the whole process transparent and autonomous.

Trustless
Updates are communicated through different bridges and stored by all the archivists in the networks. This eliminates the need to trust one particular bridge or archivists.

Identity-less
The proof of origin cryptographic tool is blended with the zero-knowledge proof. This means that it is possible to tell the exact location of an object but retain an anonymous face to the holder/ player.

XYO has a ready application base on the current market. Drought, aeroplanes and investigating agents, to mention but a few rely heavily on accurate location of objects.

A wrong location communicated to trading platforms such as like Amazon and E-bay carry heavy trust and financial implications. Thus, they are likely to evaluate XYO network as an alternative location finder.

It is interesting to note that XYO network further integrates the principle of blockchain technology through the use of ICO funding.
The XYO network ICO will kick start on 20th March 2018 and run until 20th May 2018. The ICO will be based on Ethereum platform.

The public token sale has a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO. Details regarding volume and time based pricing structure will be announced soon.

XYO network brings with it a great way to generate proof of origin. It also offers an opportunity to own the process through the purchase of ICO shares. This makes XYO network an interesting space to watch as it rolls out to the real world.

An investor and a potential user would be encouraged to study the whitepaper

Website|Whitepaper|Ann Thread|Telegram