The XYO Network (ICO): Enables verification of the location of various data across devices.
Whereabouts information is used every day around the world. Increasingly, societies and economies are turning to the certainty and security of localization heuristics. Self-driving, remote-controlled vehicles and intelligent cities are likely to require increased demand for reliable location data. The development of future technologies is oriented towards the ability to rely on the heuristics of the places they receive from a resource outside the chain.
XYO network platform.
Today, we believe that positioning technologies do not have the safety and security properties to take us into the future. Over the years, we have developed an ecosystem of cryptographic protocols and components that leverage the strengths of blockchain technologies and address the shortcomings of the location technologies on which they are based today. Our project is called "XY Oracle Network" (XYO Network). XYO Network facilitates conflict-free transactions with an ecosystem of cryptographic components that can bridge the gap between today's and tomorrow's world.
The purpose of the XYO Network is to develop a decentralized, unbacked, location-based oracle system that is immune to attack and generates the greatest possible security when asked for available data. This is achieved with a set of abstractions that greatly minimize the risk of localization through a chain of zero knowledge tests along the system components.
THE COMPONENTS OF THE XYO NETWORK
The XYO Network has four main components: Sentinels, Bridges, Archivists and Guesses. These four components allow for the verification of geo-focused, consensual and unreliable location data. This means that when you write a smart contract that specifies that an object should appear at a specific XY coordinate, if it appears there, you will know it was at that location with absolute certainty. All this is done without the risk of counterfeiting the location signaling devices verified by thousands of Sentinels on the Oracle XY Network with the longest Proof of Origin chain (thus giving greater confidence in heuristics).
1. Sentinels
Sentinel elements are heuristic evidence. They obey heuristics and are accountable for the accuracy and precision of heuristics through the production of temporary ledgers. The most salient point about a Sentinel is that it produces ledgers from which fortune tellers can be sure that they came from the same source by adding proof of origin.
2. Connections
Bridges are heuristic transcription devices. They securely transmit the Sentinels' heuristic ledgers to Guess. The most important aspect of a bridge is that a fortune-teller can be sure that the heuristic ledgers received from a bridge have not been altered in any way. The second most important aspect of a bridge is that it adds an additional proof of origin.
3. Archivists
The heuristics of the archiving components are archived decentrally for the purpose of storing all historical ledgers, but without this requirement. Even if some data is lost or temporarily unavailable, the system continues to function, but with very limited accuracy. The file cabinets also sort the ledgers so that they can return a ledger data string if necessary. Archivists only keep the raw data and are only paid for the extraction of the data. Storage is always free of charge.
4. Guess what
A fortuneteller answers a specific question by analyzing the historical data stored on the XYO network. To achieve this, the heuristics stored on the XYO Network must have a high level of Proof of Origin to measure the validity and accuracy of the heuristics in judging the token based on its Proof of Origin. Since XYO Network is an unreliable system, fortune tellers must be encouraged to provide an honest analysis of heuristics. Unlike Sentinels and Bridges, Diviners use the Work Test to add answers to the chain of blocks.
Proof of origin
With a physical network composed of unreliable nodes, it is possible to determine the accuracy of the data provided by the edge nodes based on a zero knowledge test that two or more data are from the same source. Using these data sets, combined with a number of similar data sets and the knowledge of the absolute location of at least one node, the absolute location of the other node can be determined.
Forced witness
In a system without trust, a token node is capable (by default or corruption) of generating false data. Invalid information can be identified and deleted simply if it falls outside the range allowed for that heuristic. Valid but erroneous data (i.e. false data) is much more difficult to detect. As an unreliable data source used to terminate a digital contract (an oracle) is not useful, we can substantially increase the accuracy of the data provided by first establishing the existence of a two-way location test. The main bidirectional location heuristic is proximity, as parties can validate the occurrence and extent of a given interaction by cosignifying it. This makes it possible to prove zero knowledge that the two nodes were close to each other. This new concept is called "Bound Witness", and the XYO Network presents this option to the world for the first time ever. This will change a multitude of industries and the way we trade in the world.
THE MOST AMBITIOUS BLOCKCHAIN PLATFORM IN RECENT HISTORY
XYO Network is a system that naturally adapts to today's leading blockchain platforms, and its independent protocol makes integration with tomorrow's blockchain technologies possible.
Interact
XYO Network offers developers the opportunity to interact with the real world as if it were an API.
Protocol
Consider the XYO Network not as a blockchain application (i.e., as web pages are for the Internet), but as a true blockchain protocol (i.e., as HTTP is for the Internet).
To build
Like blockchain platforms such as Ethereum, EOS, default and others, the XY Oracle Network provides developers with a platform to develop decentralized, location-dependent applications.
XYO NETWORK USAGE CASES
XYO Network has usage cases for any participant in location-dependent transactions. The following describes usage cases for which the XYO network is being actively used.
Electronic commerce
According to recent research published by Comcast, more than 30% of Americans had a package stolen from their porch or door. As the market share of e-commerce continues to grow, this problem will become increasingly frequent. Using XYO Network and XYO Tokens, companies such as Amazon and UPS will offer, as a premium service, a independently certified ledger to track every step of a shipment's progress, starting at the fulfillment center and ending with the secure delivery of the package within the customer's home.
Medical care and hospitals
According to a study published by Johns Hopkins Medical School, medical failures are the third leading cause of death in the United States. Most of these preventable deaths are the result of operational or record-keeping errors, including adverse drug reactions, inadequate medical records, and even unnecessary surgeries. By linking the XYO Network to existing operating structures, healthcare providers can significantly reduce communication and record keeping failures that cause injury and death to patients.
Car rental agencies
The number one problem that car rental agencies face is logistical problems. Simple events, such as the loss of keys by the customer, result in the loss of millions and millions of dollars in opportunity costs for car rental companies each year. XY has already implemented a pilot program with one of the largest car rental agencies in the U.S. to help reduce the number of keys that are not returned at major airports. By expanding the program to use XY Oracle Network, the car rental company and its customers can reduce the number of lost keys.
National Security Agencies (TSA)
It is essential that strict control of authorized firearms is maintained in areas of maximum security. The establishment of a safe, reliable and publicly reliable system represents an operational challenge. A leading government security agency has hired XY to ensure the safety of firearms at major U.S. transportation hubs. Using existing XY technology allows the agency to save millions of dollars, and the decentralization of blockchain creates a system that is independent, secure and publicly accountable.
About the Token
XYO Token Economy
Oracles represent a significant portion of the energy and infrastructure needs in decentralized applications, and the main objective is the interconnection and accumulation of authorized oracles. A fully decentralized system without Oracle support is a prerequisite for decentralized applications to realize their full potential.
Token: XYO
Price: 1 ETH = 100,000 XYO
Bonus: Available
Reward: Available
Platform: Ethereum
Accepting: ETH
Hard cap: 48,000,000 USD
Country: USA
Whitelist/KYC: KYC and Whitelist
Road Map
Q4 2017 - The Oracle network based on XY blocks is born
- The development of the transfer of the internal XY localization network platform to an open block chain implementation begins: the XY Oracle Network is born.
Q1 2018: XY Mints "XYO Tokens" to be used in intelligent contracts to access the XYO network
- The XYO Token is created and represents the official currency to be used throughout the XYO network.
Q1 2018 - Public sale of tokens begins
- The launch of the Public Chips Sale is scheduled for March 20, 2018 and will conclude on May 20, 2018.
2Q 2018 - XY to complete the XYO in the test network ("XY TestNet")
- XY will complete the development of the Oracle XY Testnet and begin implementing its location-centric block chain protocol on its Sentinel devices.
3Q 2018 - XY to launch XY Oracle Main Network ("XY MainNet")
- XY will launch a full deployment of the XY Oracle Network to its XY Sentinel Beacons and initiate trials with new Sentinel partners (specifically IO companies and mobile application developers).
Q3/Q4 2018 - XY to complete the API for smart contract developers to interact with the Oracle Network
- Launch of the XYO Network API that allows developers of smart contracts to write contracts to interact with the XY network. Libraries to be developed: Ethereum Solidity Library, Ethereum Viper Library and JavaScript library for websites to interact with the XYO network (similar to Web3.js integration with MetaMask).
Q3/Q4 2018 - XY to Launch XY Sticker-Based Trackers, Which Can Be Added to E-Commerce Packages
- Launch of the low-cost XY Sticker product that allows e-commerce retailers to track each of their products in real time.
2019 - XY will grow the global network of diversified location-based sentinel devices
- Increase the coverage of the XY Sentinels (location data providers and verifiers), as well as other components of the Oracle XY Network (Bridges, Archivists, Riders).
2019 - From XY to larger companies, organizations and retail companies that have use cases for location verification
- Formalize business partnerships with larger companies and entities, which can benefit from a decentralized and unreliable localization Oracle (e.g., logistics systems, supply chain companies, auditors, e-commerce companies and countless other niches).
XYO NETWORK Team
Arie Trouw - Founder and Architect
Scott Scheper - Co-founder and Chief Marketing Officer
Markus Levin - Co-founder and Chief Operating Officer
William Long - Head of Hardware
Christine Sako - Director of Analysis
Johnny Kolasinski - Head of Media
Jordan Trouw - Customer Experience Manager
Lee Kohse - Senior Design Engineer
Louie Tejeda - Warehouse Logistics Supervisor
Maryann Cummings - Customer Support Manager
Maria Cornejo - Commercial Management Supervisor
Patrick Turpen - Hardware Quality Supervisor
Charles Bulger - Director of Web Development
Keri Kukral - Director of Public Relations
Advisors
Raul Jordan - Advisor - XYOMainChain Scalability
David Kim - Advisor - Locking Chain Specialist
Tristen Blake - Consultant - Artificial Intelligence
Tom Kysar - Advisor - XYO Token Market Economy
Zak Folkman - Consultant - Digital Programmatic Advertising
Azam Shaghagi - Advisor - Block Chain Consultant, Media Relations
Chris "Drumma Boy" Gholson - Advisor - Technology + Culture
Nate Broughton - Consultant - Marketing Operations
Andrew Rangel - Advisor - IO Security
Paul Hynek - Advisor - Smart Cities
Ismail Malik - Consultant - Blockchain R&D
Links of Interest
Website: https://xyo.network/
Whitepaper: https://docs.xyo.network/XYO-White-Paper.pdf
Twitter: https://twitter.com/XYOracleNetwork
Youtube: https://www.youtube.com/channel/UCyZDqb9pgntVHJVt1pxXtsw
Facebook: https://www.facebook.com/xyonetwork
Instagram: https://www.instagram.com/xyoraclenetwork/
AUTHOR
Bitcointalk user: Cjota
Profile: https://bitcointalk.org/index.php?action=profile;u=1640898
Myetherwallet: 0x90b07af0aAA4A705bCC441c2B1D0B581F42bcDB4
by Cjota