What is the XYO Network?

What is the XYO Network?

Nadeen Gunamuthu Nadeen Gunamuthu

Nadeen Gunamuthu

Food & Beverage Professional | Postgraduate Diploma in Tourism and Hospitality Management

发布日期: 2018年3月18日
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The advent of the blockchain has rapidly changed the landscape of the tech industry. In just a few short years, the focus of development has shifted from isolated, siloed, and privatized information systems to decentralized, independent and permissionless ledgers. More recently, the rapid growth of Ethereum has brought smart contracts and DApps to the forefront. Ethereum-based smart contracts give the ability to utilize the blockchain and cryptoeconomic principles across countless industries and implementations. However, we currently don’t have a decentralized and authoritative oracle to determine and verify location. The XYO Network solves this problem by creating a layered location verification service that is effective across many device classes and smart contract protocols. It’s based on a set of novel cryptographic mechanisms, Proof of Origin and Bound Witnesses, which tie together the power of the blockchain and real world data collection into a system with direct applications today.

XYO

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