Give Your Business The Added Advantage With XYO
XYO The Facelift Your Business Needs
A GPS (Global Positioning System) is a system that provides geolocation and time information to a receiver which can be positioned anywhere in the world.
New technologies always starts as an idea and the invention of a new innovative technology always results in subsequent improvements led by innovation, acceptance and wide adoption. Its safe to say that since the invention of GPS back in 1995, the adoption and improvements on location based technologies have increased at an exponential rate.
A technology previously used by the united states military is now available in different capacities to virtually anybody and is being used worldwide for a lot of different reasons.
The XY Oracle network is a decentralized proof of location providing service utilizing sentinels to report real time location information to a public ledger which can be verified by anyone on the network. The XYO network is governed by a smart contract and uses XYO tokens for the payment of services and redeeming of rewards.
Location based technology is already being used in by lot of businesses some of which includes Car rental services, ecommerce, courier and logistics services. This businesses already adopt location based services and devices to track their cars, scooters and delivery vehicles.
Some Businesses Using Location Information & Their Challenges
Car Rental: "According to whitepaper" the major problem for car rental companies is caused by the simpler acts like the loss of a car key. This can happen either by the customer losing the key, not returning the key upon car return or by the car rental itself losing the keys. The implications of this is not only that the car rental will have to spend a lot of money to replace it, but will also lose money due to the car just lying idle, when it could have being in use and fetching the owner income.
Taxi Services: With taxi Services dispatchers rely on location based services to know where their cars are, drives can be properly timed and distances between drives determined properly with a working location based device that is accurate. The problem with this is; consumer grade GPS devices are always faced with problems of accuracy and reporting, resulting from visibility, movement, satellite signals and more.
Ecommerce & Logistics: in this context I will be grouping together ecommerce and logistics, the reason being that they both involve shipping of goods over distances either short or long. Goods are shipped sometimes to another country. Logistics and eCommerce companies face challenges from customer satisfaction through proper and accurate tracking, to theft and loss of goods in transit, mishandled shipments and more. This problems results in billions of dollars in losses yearly for ecommerce and logistic companies.
XYO Providing Solutions to Business Problems
The XYO network when adopted by these businesses is going to provide innovative solitions to problems which this business face. XYO Network achieves this by utilizing the blockchain combined with tech instruments like sentinels and mobile devices.
XYO solution to car rental services: Car rental services can adopt oracle network and integrate it on their cars and keys, this means that both the customers and the car owners can independently verify through the blockchain the location of the keys every time, reducing loss or dispute as to whether it was returned or not. With XYO car companies are saved millions of dollars in replacement and running costs that results in failure yo return car keys by the customers.
The project is not just a concept though as the technology has already being implemented at some airports to be used by car rentals.
XYO solution for taxi business: Taxi services that requires booking like UBER needs an unbiased and reliable location based technology to thrive. That said through the adoption of XYO network they can install sentinel and bridges in their cars in order to help pin point their actual locations everytime and use it in the proper deployment of their cars to customer's locations.
XYO will be saving taxi services valuable time in assets deployment and ensuring proper calculation of fares, as trips can be timed accurately between locations.
XYO solution for eCommerce and logistics: E-Commerce and logistics companies when they adopt XYO can offer premium shipping services to the customers which involves tracking of their goods on the XYO network, a publicly available location verification network which will be paid for using XYO tokens.
The upsides to this is adoption for the customers is that, they will have real time completely reliable location data of their goods in transit available and can track it all the way, and for the logistics companies a lot of problems the currently face like; theft, loss of product, shipping to the wrong address, wrong storage process while shipping and more can be tackled with the help of XYO network.
Logistics and eCommerce companies can properly track every good that is being shipped and cheaply too, by paying for the location services on the network using XYO utility tokens.
Example Use Case
Mr Sunny owns an online food delivery business in the city of London. His business has an online portal, a website where people browse to place an order on different types of food from their favorite restaurants. His couriers are tasked with purchasing of the food and delivering it to their customers anywhere in the city.
Some of the challenges Mr sunny's business currently faces are listed below
- Accurate tracking of couriers locations
- Optimizing locations of the courier, restaurant and customer to create a critical path and shortest delivery time
- Calculation of delivery time and costs
- Optimizing their services to areas with the most customer base
- Returning of cars and scooter keys by couriers when they are off their shift
Mr Sunny's food delivery business needs a "XYO Network" looking face lift. Mr sunny decides to adopt XYO for his business and by doing so, he has low cost electronic devices installed on his courier vehicles and keys and which records its interactions with other devices on the XYO network and by doing so tracks in real time the location of his couriers at all times
This solves for him the issues of courier location tracking, loss or failure to return keys, and with this he can optimize the couriers in a particular location in the pickup and delivery of food to customers in the area instead of deploying another person from a different location for the job, this save for him not only running costs but also helps him to optimize manpower.
By using XYO network Mr Sunny's business is able to reduce running cost, reducing in the process delivery cost, time and fees for its customers, he can also track the location of the keys to his delivery vehicles in a case where its gets missing during the handover after a shift. This solutions XYO has afforded Mr.Sunny with, gives his business an edge over its competitors. Also customers can have an option to track their ordered food.
Both the business owner and the customers using the XYO network can pay for the services rendered using XYO tokens through the network. The XYO network then uses a smart contract in the calculation of rewards for everyone who's devices where used in the tracking and location services for this business. The business owner wins, the customer wins and the devices owners wins, everyone wins.
Conclusion
This is the first time a smart contract can mediate a transaction between two or more real world assets without a centralized intervention. XYO is really bringing the blockchain to the real world.
XYO token sale is live and to participate visit the project's official contacts only. Visit their website, blogs and social media communities for more information about the project and how to safely participate in the token sale.
Official Contacts
Website: https://xyo.network/
Whitepaper: https://xyo.network/whitepaper/
ANN Thread: https://bitcointalk.org/index.php?topic=3040825.0
Telegram: https://t.me/xyonetwork
Facebook: https://www.facebook.com/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
YouTube: https://www.youtube.com/channel/UCyZDqb9pgntVHJVt1pxXtsw
GIThub: https://github.com/XYOracleNetwork
Connect with me on bitcointalk and steemit here>>
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1556229
Steemit Blog: https://steemit.com/@adekogbe/
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Follow my blog closely for more information about XYO and a host of other exciting projects, be sure to visit the official contacts of xyo for information about the token sale
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