Author (Arumi.Bilqis)
Bitcointalk Profile:
https://bitcointalk.org/index.php?action=profile;u=965668
ETH: 0x78A118ED0556B119ccafe86089a292A048234E79
The XYO network will be the definitive location oracle because two core concepts are introduced: Evidence of Origin and Bound Witness. The Bound Witnesses concept ensures that two different components of the XYO Network are in the same location at the same time. Proof of Origin ensures that the information provided by the component is valid and resistant to counterfeiting. Detailed information about these two concepts is available on XYO Network's white paper.
Providing authoritative evidence of location has the potential to change the world. Here are some ways the XYO Network will disrupt the existing industry.
The XYO network provides location reporting incentives and archiving of ledgers by assigning a XYO Token to nodes on the web. For example, when the last messenger like the UPS driver meets the XYO Network node on their route, the node will record their XYO Network ledger for archiving. Utilizing cryptoeconomics in this way takes advantage of key features of blockchain technology - it is a system that can not be trusted and decentralized. This means it can offer third-party verification and reliability levels that the current tracking system can not provide.
Problem
According to a recent study released by Comcast, more than 30% of Americans have had packages stolen from their porch or doorstep [1]. As the eCommerce market share continues to grow, this problem will only become more common. Megasites such as Amazon are experimenting with various solutions to offer secure delivery confirmed as a premium service to their customers.
Solution
By utilizing the XYO Network and XYO Token, the company may offer independently confirmed ledgers to track every step of the delivery progress, beginning at the fulfillment center and ending with the secure shipping of packets within the customer's home. As an unreliable and decentralized system, the XYO Network provides independent confirmation not only of packet delivery, but also of its delivery history. It also allows resellers or eCommerce sites to offer payments on delivery, using smartest Ethereum contracts to protect merchants from fraud or loss.
How it works
When a customer completes an order, a smart Ethereum contract is made that will release payments to the merchant after successful delivery of the purchased product. Shipment will include XYO Network Sentinel, a low-cost electronic device that records its interactions with other devices on the XYO Network on its blockchain ledger. Other XYO Network Devices will also record their interactions with packets sent. Each of these interactions will be independently verified, asserting a location-specificity net extending all the way back to the origin of the sending. When delivery reaches its destination, as confirmed by its interaction with the XYO Network device within the buyer's home, a smart contract will be fulfilled, and payment will be released. If there is a dispute, the ledger will provide a history that can confirm shipping delivery or show where it is off track.
Transaction terminal point - the point at which the packet is shipped and the payment is released - will be determined at the time the order is placed. Amazon has experimented with several secure delivery systems, including lockers in public places such as supermarkets and even electronic keys that give access teams to customers' homes. XYO Network Devices in this safe location will confirm delivery. In the Amazon locker, the delivered packets will interact not only with their lockers, but with XYO Network devices in other lockers and customers who use them. At the customer's home, the XYO Network node may include subscriber phones, IOT devices, and even Amazon Echo used to place orders.
I have to say that I am impressed with everything about the XYO project, from their website, promotional videos, ideas, well-established businesses, lots of documents and papers with use cases and business plans for the future and of course the people behind the project this. This is how you prepare the project for ICO and present it to the public and potential investors, and all future ICOs can learn from XYO. A great respect from me and you make me as an investor, that's for sure. For everyone who plans to participate in this ICO, I encourage you to join WHITELIST FOR TOEN SALE and do your due diligence against XYO before it starts. I will write more about this project in the future, so stay tuned for details about teams, tokenomics, roadmaps, business plans, and more.
XYO NETWORK COMPONENTS
The XYO network has four main components, sentinel, Bridge, Archiver, and Forecaster. These four components enable the formation of geo-focused consensus and verification of unreliable location data. This means that when you write a smart contract that specifies an object to appear on certain XY coordinates, if it appears there, you'll know it's in that location with absolute certainty. This is all done without the risk of spoofing the location signing device (s) verified by thousands of Sentinels in the Oracle XY Network with the longest Origin proof chain (thus generating greater confidence in heuristics).
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 Divins can be sure comes from the same source by adding a 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 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 form with the purpose of having all stored history books, but without them. Even if some data is lost or becomes 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.
Diviner answers the questions given by analyzing the historical data that has been stored by XYO Network. To achieve this, the heuristics stored in the XYO Network must have a high level of Proof of Origin to measure the validity and accuracy of the heuristics by judging the witness on the basis of the Proof of Origin. Given that the XYO Network is a system without trust, Diviners should be given 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 location network. 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 & 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 & 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 larger companies and entities that can take advantage of decentralized and unreliable location instincts (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
For more information, visit the links below as Reference source:
Website:
https://xyo.network/index.html
White paper:
https://xyo.network/whitepaper/
Twitter:
https://twitter.com/XYOracleNetwork
Telegram:
https://t.me/xyonetwork
Facebook;
https://www.facebook.com/xyonetwork