Senin, 07 Mei 2018

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What is XYO NETWORK

XYO NETWORK is blockchain based trustless, zero-knowledge proof, cryptographic location network that eliminates the need for centralized 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 the two core concepts it introduced: Proof of Origin and Bound Witnesses. The concept of Bound Witnesses guarantees that the two different components of the XYO Network are 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 not provide.

Problem

According to a recent study released by Comcast, more than 30% of Americans have had a stolen package 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 their customers.

Solution

By utilizing the XYO Network and XYO Tokens, companies can offer an advanced, secure, and secure service to 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.


When a customer finalizes an order, an Ethereum smart contract is created which will release payment to the merchant upon successful delivery of the purchased product. The shipment will include XYO Network Sentinel, a low-cost electronic device that records its interactions with other devices on its XYO Network on its blockchain ledger. Other XYO Network devices will likewise record their interactions with packages being shipped. Every one of these interactions will be independently verifiable, asserting a web of locational certainty that stretches all the way back to the shipment's point of origin. When the shipment reaches its destination, as confirmed by its interaction with XYO Network devices within the buyer's home, the smart contract will be fulfilled, and payment will be released. Should there be a dispute, the ledger will provide a history that can confirm the delivery of the shipment or show where it went off track.

The terminal point of the transaction - the point where the package is delivered and will be determined at the time the order is placed. Amazon has experimented with multiple secure delivery systems, including lockers in public places such as convenience stores and even electronic locks that give their delivery team access to customers' homes. XYO Network devices within these secure locations will confirm delivery. In an Amazon locker, the shipped package will interact not just with its locker, but with XYO Network devices in other lockers and the customers that use them. In the customer's home, IoT devices, IoT devices, and even the Amazon Echo that was used to place the order.


XYO NETWORK COMPONENTS

The XYO network has four main components, sentinel, Bridge, Archiver, and


The sentinel component is a heuristic witness. They observe heuristics and guarantee heuristic certainty and accuracy by producing temporary ledgers. The most important aspect of the Sentinel is that it generates the ledger that the origin of the Proof of Origin to them.


The bridge is a heuristic composer. They safely delivered the heuristic ledger from Sentinel to Diviners. The most important aspect of the Bridge is that the Diviner can ensure that the heuristic ledger received from the Bridge has not been altered in any way. The second most important aspect of Bridge is that they add additional Exhibit Evidence.


The archive component stores the heuristics in decentralized forms with the purpose of having all stored history books, but without them. Even if some data is lost or become temporarily unavailable, the system still works, but only by reducing accuracy. The archives also index the ledger so that they can return a series of ledgers if needed. Archives only store raw data and are paid only to retrieve data. Storage is always free.


Divine answers to the historical data that has been stored by XYO Network. To achieve this, the heuristics stored in the Proof of Origin of Proof of Origin. Given that the XYO Network is a system without trust, Diviners should be an incentive to provide an honest analysis of heuristics. Unlike Sentinels and Bridges, Diviners use Proof of Work to add answers to blockchain.

TOKEN SALES PROCESS


XYO Token Specs

Public token sales have a tiered pricing structure that starts at 1 ETH: 100,000 XYO and maxes out on 1 ETH: 33,333 XYO. Details about volume and price based on our time structure will be announced soon :
  • Smart contract platform : Ethereal
  • Contract Type : ERC20
  • Token : XYO
  • Token Name : XYO Network Utility Token
  • Token address : 0x55296f69f40ea6d20e478533c15a6b08b654e758
  • Number of issuance : Limited and limited to the amount achieved after the Token Main Sale
ROADMAP

Join us in our commitment to build a decentralized world. XY has built the world of open location verification since 2012 by launching a successful consumer GPS-GPS business that is essential for understanding and building a real-world network location. Currently, XY has more than 1,00,000 beacons worldwide

2017
  • XY Releases 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 And Q2
  • XY Mints "XYO Token" first used for Intelligent Contract to Access 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 and 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 XO'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 companies and entrants ( 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

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For detailed information about our ICO you can also visit our website address below :
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