Hardy Crypto

XYO is blockchain based trustless, zero-knowledge proof, cryptographic location network that eliminates the need for centralized location data gathering. XYO Network will enable locating any object or individual through many device classes and protocols. To make this possible XYO team is using "Proof of Origin" and "Bound Witness" to merge decentralized blockchain world with our real-world data into one new game-changing network.

The XYO Network will be the definitive location oracle because of two core concepts it introduced: Proof of Origin and Bound Witnesses. The concept of Bound Witnesses guarantees that two different components of the XYO Network were in the same location at the same time. Proof of Origin ensures that the information a component provides is valid and resistant to falsification. Detailed information on both of these concepts is available in the XYO Network white paper.

Providing authoritative proof of location has the potential to change the world. Here are just a few ways the XYO Network will disrupt existing industries.

The XYO Network incentivizes the reporting of locations and archiving of ledgers by awarding XYO Tokens to nodes within the web. For example, when a last-mile courier like a UPS driver encounters an XYO Network node on their route, the node will record their XYO Network ledger to be archived. Leveraging cryptoeconomics in this way takes advantage of a key feature of blockchain technology — it’s a trustless, decentralized system. This means it can offer third-party verification and a degree of reliability that current tracking systems simply can’t provide.

The XYO Network (XY Oracle Network) is an incredible blockchain-based, trustless, network service that has been developed to arbitrate the outcomes of smart contracts in an ecosystem. This brilliant concept, transformed into reality location service will enables layered and location verification across many device classes and protocols.

At its central point lies a set of original cryptographic mechanisms known as Proof of Origin & Bound Witness that binds together the power of blockchain technology and real world data collection into a system with direct applications. We connect to each other in various and diverse ways due to the fast growing and presence of location-reliant technologies.

As such, it is very prudent to ensure validity of location information to safeguard our privacy. Currently, many business contract and proposal are signed online, which requires that the two parties involved must be able to determine their exact location before the contract will proceed. Although, there are technological advancements such as the development of GPS and other sophisticated difficult-to-disrupt system to enable the smooth function of GPS in location data, yet, despite the extraordinary accuracy and dependability of GPS, it still faces jamming, spoofing, cyber attacks and other forms of interference.

This has the potential for devastating effects on our lives and economic activity making conducting to business online difficult to execute. Hence many do not want to sign contracts online. The XYO Network has the cutting edge to solve this problem.

*Problem*

According to a recent study released by Comcast, more than 30% of Americans have had a package stolen from their porch or doorstep [1]. As the market share of eCommerce continues to grow, this problem will only become more prevalent. Megasites like Amazon are experimenting with different solutions to offer confirmed secure delivery as a premium service to their customers.

*Solution*

By utilizing the XYO Network and XYO Tokens, companies can offer an independently confirmed ledger to track every step of a shipment’s progress, starting at the fulfillment center and ending with the package’s secure delivery within the customer’s home. As a trustless and decentralized system, the XYO Network provides independent confirmation not only of a package’s delivery, but of its entire shipping history. This also allows a retailer or eCommerce site to offer payment upon delivery, utilizing an Ethereum smart contract to protect the merchant from fraud or loss.

The XYO network enables reliable location data through the technological ecosystem and the crypto location protocol necessary to bridge the gap from today's world, to the world of the future. "The world is moving quickly with techonolgy and thus, more decentralized data location data is required for traveling along with the fast moving world XYO network allows smart contracts to access the real world using the XYO Network network ecosystem to determine if an object is in a certain XY coordinate.After the location is confirmed, one can set up an app that performs transactions in smart contracts. HERE to read more from white paper.

*The purpose of XYO Network*

The goal of the XYO Network is to create unreliable and decentralized oracle systems that are resistant to attack and generate the highest certainty when asked about available data.

*Main Component of XYO*

The XYO network consists of four main components:

* Sentinel, (data collector) uses radio frequencies and sensors to collect location information. This is done to help bridges have a data source.

* Bridges, (data relays) that convey information from Sentinel to public blockchain, where it is stored forever. The bridge takes this data and gives it to the Archivist.

* Archivists, (data storage devices) store location information from Bridges in decentralized form for the purpose of storing all history books.

* Diviners, who access information to verify locations or answer questions.

How does it work?

When a customer completes an order, a smart Ethereum contract is created that will release payments to the merchant after successful delivery of the purchased product. Shipping will include XYO Network Sentinel, a low-cost electronic device that records its interactions with other devices on XYO Network in its blockchain ledger. Other XYO Network Devices will also record their interactions with packets sent. Each of these interactions will be independently verified, confirming the certainty of the net location extending to the origin of the shipment. 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. If there is a dispute, the ledger will provide a history that can confirm delivery delivery or indicate where it is off track.

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 placed. Amazon has experimented with several secure delivery systems, including lockers in public places such as supermarkets and even electronic keys that give customers home delivery team access. XYO Network Devices in this safe location will confirm delivery. In the Amazon locker, the packet sent will not only interact with the locker, but with the XYO Network device in other lockers and customers using it. At the customer's home, the XYO Network node may include subscriber phones, IoT devices, and even Amazon Echo used for ordering.

I must say that I am impressed with everything about the XYO project, from their website, promotional videos, ideas, well-established businesses, lots of documents and papers with use cases and business plans for the future and of course the people behind this project . This is how you prepare the project for ICO and present it to the public and potential investors, and all future ICOs can learn from XYO.

*XYO NETWORK TOKEN*

Information about the XYO Generation Token Event will soon be revealed. but you can book your place in token sales by entering Whitelist HERE as soon as possible. Below is a description of tokenZ:

* Smart contract platform: Ethereum

* Type of Contract: ERC20

* Token: XYO

* Token Name: XYO Network Utility Token

* Token Address: 0x55296f69f40ea6d20e478533c15a6b08b654e758

* Number of issues: Limited and limited to the amount achieved after the Token Main Sale.

*TOKEN SALES*

The XYO network will become human by the XYO Token which will be the "gas" needed to interact with the physical world to help verify the XY coordinates of a particular object.

The XYO Token is an ERC20 based built on the smart contract platform of Ethereum. The pricing structure starts at 1ETH: 100,000XYO and maxes out at 1ETH: 33.333XYO. The amount drawn at the end of the Token sale will determine the hard hat. Token, after purchase during the sale becomes limited, scarce resources, because it will not be generated again. So this will benefit those who buy tokens during the sale.

*ROADMAP*

(2017)

XY Released Tracking of Tracking Device Land: "XYGPS"

XY launches the world's first GPS and Bluetooth hybrid device. XYGPS can report its location anywhere in the world where mobile data and GPS are available.

XY Releases XY4 + Devices

XY released an XY4 + device that makes it capable of operating as an XYO Network node through firmware updates.

XY Crossed 1,000,000 Flags

XY device one million born.

Blockchain-Based Oracle Network XY Born

The development of moving the network platform from the internal XY location to the open block implementation started: The Oracle XY Network was born.

(2018)

Q1 & Q2

XY Mints The first "XYO Token" Used for Intelligent Contracts to Access the XYO Network

The first XYO Token is created and represents the official currency to be used throughout the XYO Network.

XY to complete XYO in Test Network ("XY TestNet"

XY will complete the development of Oracle Testnet XY and begin launching location-focused blockchain protocols to its Sentinel device.

(2018)

Q3 & Q4

XY will launch XY Oracle Main Network ("XY MainNet"

XY will launch the full launch of Oracle XY Network to XY the Sentinel beacon and start testing with new Sentinel partners (mainly IoT companies and mobile app developers).

XY to Complete the API for Intelligent Contract Developer to Interact with Oracle XY Network

The launch of the XYO Network API allows smart contract developers to write contracts to interact with XY networks. Library to be developed: Ethical Solidarity Library, Viper Ethereum Library, and JavaScript library for websites interact with XYO Network (similar to Web3.js integration with MetaMask).

XY will release XY Sticker-Based Tracker, which can be added to the eCommerce Package

Launch the "XY-Stick" product that allows eCommerce retailers to track each of their products in realtime.

(2019)

XY to Develop a Sentinel Global Network Some Equipment Locations

Grow XY Sentinel coverage (location data provider and verifier) and other components of Oracle XY Network (Bridge, Archiver, Burial).

XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels

Shares will be sold on XY's Low Earth Orbit satellite; This bet represents ownership in the XYO Token award section.

XY to Businesses, Organizations, and Retail Companies that Have a Greater Use Case for Location Verification

Formalize business partnerships with larger companies and entities that can take advantage of decentralized and unreliable location instincts (eg logistics systems, supply chain companies, auditoras hours, eCommerce businesses, and countless other niches).

(2020+)

XY to Expand the Global Reach of Oracle's XY Network.

*TEAM*