XYO REVIEW
XYO, reviews are a mixed bag, their goal is to use a new protocol, using Proof of Origin Location to build a network to locate any device in the world. The project will allow you to track just about anything you can think of via the blockchain, using XYO’s network of connected devices.
XY has already built one of the largest networks of Bluetooth and GPS beacons in the world. They’ve released GPS tracking technologies like the XYGPS, the world’s first hybrid GPS and Bluetooth device capable of reporting its location from anywhere in the world where cell and GPS data is available. They’ve also released the XY4plus device. The goal of XYO Network is to decentralize location-reliant trade markets.
About their claim to be able to support and work with the armed services; This service would more likely be used by companies like UPS, LOWES and AMAZON so their is a market for this. But they are in their infancy barley more than the idea for the per share price, this is not EOS. Folks the army currently has no interest, and no problem with using the Cartesian coordinate system to map anything in real time. They watch the ground movement and have no problem setting up virtual fencing and guidance systems. They will not be using a decentralized platform for this unless it is controlled by a central location. This is how the system command works , control and conquer. This is not a useful application for the blockchain and XY is not being bootstrapped by the US Army, despite what we have heard.
XY is based in San Diego, California. The company was founded by Arie Trouw. Other key members of the team include Scott Scheper and Markus Levin, who joined the company as co-founders.
XYO Network is being developed by a company named XY. That company has reportedly been developing the technologies behind the platform since 2012.
The XYO Network website claims that location reliant trade markets are a $11 trillion industry, 3 times larger than the entire e-commerce industry.
XYO will be releasing new hardware that can be used to mine with the xy4 plus.
EXAMPLES OF USE FOR XYO
The world is becoming more and more reliant on location data. Self-driving vehicles, package delivering drones, and smart cities will continue to require location data, which IOTA is leading in. There’s a need for a decentralized system capable of taking location data from an array of different location tracking devices. Everything in the world is defined by their XYZT coordinates. Physical objects cannot leave that space. Everything from jewelry to cars to people can be tracked using XYZT coordinates.
The T, coordinate refers to time. As people travel along their T coordinate, they interact with one another to create what’s called, metadata.
For example, you own a car rental company and want to review the location of all cars at your disposal. You simply make your request to the Diviner who then collects the data gathered from the Sentinels, transports them to the Archivists through the Bridges. A complex mechanism compares the data gathered at the Archivists as well as data from other sources.
One proposed use case is an e-commerce company that offers payment upon delivery to certain premium customers. In order to offer this service, the e-commerce company needs to use the XYO Network to write a smart contract. The network will track the location of the package throughout the supply chain – from the warehouse shelf to the shipping courier, taking it all the way into the consumer’s house and every location in between. This could allow e-commerce retailers and websites to verify, in a trustless way, that the package not only appeared on the customer’s doorstep, but is also safely inside the customer’s hom XYO tokens are used to incentivize desired behavior on the network. They can be thought of as the “gas” needed to interface with the real world in order to verify the XY coordinates of a specific object.
An ICO for XYO tokens is scheduled to take place from March 20 to May 20 I would say to wait and see how this pans out because its a good idea, but its already been done by IOTA and to a lesser extent, NEO.