Welcome my friends to a new interesting ICO today and let’s see their great idea:
The XY Oracle Network: The Proof-of-Origin Based Cryptographic Location Network
The XYO Network has been working towards the idea of empowering designers, for example, those composition smart contracts for blockchain stages, to connect with the physical world as though it were an API. The XYO Network is the world’s first prophet convention that makes it workable for two substances to execute in reality without a brought together outsider. The task reflections permit to make area check trustless for designers, making a convention with novel utilize cases that have not been conceivable until today. The XYO Network will be based upon a current foundation of more than 1,000,000 gadgets flowing on the planet that were appropriated through their shopper confronting findables business. XY’s Bluetooth and GPS gadgets enable regular customers to put physical following reference points on the things they need to monitor, (for example, keys, baggage, bicycles and even pets). In the event that they lose or lose such a thing, they can see precisely where it is by survey its area on a cell phone application. In only six years, the XYO Network has made one of the biggest customer Bluetooth and GPS arranges on the planet.
The project vision, mission & path:
The objective of the XYO Network is to make a trustless, decentralized arrangement of area prophets that is impervious to assault and creates the most elevated assurance conceivable when questioned for accessible information. The group achieve this through an arrangement of reflections that extraordinarily decreases the danger of area parodying through a chain of zero-learning proofs along the parts of the framework.
How it functions:
The venture framework gives a passage point into a convention of associated gadgets that gives high assurance on area information through a chain of cryptographic evidences. Clients can issue exchanges, called “inquiries,” with a specific end goal to recover a bit of area information on any blockchain stage having smart contract usefulness. Aggregators from the XYO Network at that point tune in to these inquiries issued to the agreement and get the appropriate responses that have the most astounding exactness from a decentralized arrangement of gadgets that hand-off cryptographic evidences go down to these aggregators. These aggregators at that point encourage these answers once more into the smart contract subsequent to achieving an agreement on the appropriate response with the best score. This system of parts makes it conceivable to decide whether a protest is at a particular XY-organize at a given time, with the most provable, trustless assurance conceivable.
The XYO Network has four essential segments:
- Sentinels (The Data Gatherers),
- Bridges (The Data Relayers),
- Archivists (The Data Storers), and
- Diviners (The Answer Aggregators).
Sentinels assemble area data by means of sensors, radios, and different means. Bridges take this information from Sentinels and give them to Archivists. Filers store this data for Diviners to examine. Diviners investigate area heuristics from Archivists in request to produce answers to inquiries and allocate exactness scores to them. Diviners at that point transfer these answers once more into a smart contract.
A few examples of XYO Network usage:
– An eCommerce Company that could offer its superior clients installment upon-conveyance administrations. This could empower eCommerce retailers and sites to check, trustlessly, that the bundle showed up on the client’s doorstep, as well as securely inside their home.
– Consider a totally unique joining of the XYO Network with a hotel review site, whose present issue is that their audits are frequently not trusted.
The project roadmap:
- XY Releases Ground-Breaking GPS Tracking Device: The “XYGPS”
- XY Releases The XY4+ Device
- XY Crosses The 1,000,000 Beacon Mark
- XY’s Blockchain-Based Oracle Network Is Born
- XY Mints The First “XYO Token” to Be Used For Smart Contracts to Access the XYO Network
- XY to Complete XYO on Test Network (”XY TestNet”)
- XY to Launch XY Oracle Main Network (”XY MainNet”)
- XY to Complete API for Smart Contract Developers to Interact With the XY Oracle Network
- XY to Release XY Sticker-Based Trackers, Which Can Be Added to eCommerce Packages
- XY to Grow Global Network of Diversified Location Sentinel Devices
- XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels
- XY to Onboard Larger Businesses, Organizations and Retail Companies That Have Use-Cases for Location Verification
- XY to Expand Global Reach of Entire XY Oracle Network
The Project Team:
XYO has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.
- Arie Trouw – Founder & Architect
- Scott Scheper – Co-founder & Head of Marketing
- Markus Levin – Co-founder & Head of Operations
- plus XYO team & advisers
- Token: XYO
- Abbreviation: XYO
- Platform: Ethereum
- Accepting: ETH
Tokens Sale availability:
- Start date: 20.Mar.2018
- End date: 25.May.2018
About the author
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.