Blockchain Powered Location Verification Network Set To Transform Market
May 10, 2018
A new blockchain powered location verification network is set to take a range of industries by storm. The XYO Network enables smart contracts to interact with the real world as if it were an API.
Rothwell, Australia - May 10, 2018 /NewsNetwork/ —
XYO Network has announced that it can use blockchain technology to revolutionize the location verification business, transforming companies around the world. The cutting edge solution is a crypto-location oracle network with the mission to enable smart contracts to interact with the real world as if it were an API.
More information can be found at: https://xyo.network
With the new platform, smart contracts can now interact with the real world as if it were an API. This has a big impact on a range of industries, and can revolutionize the location verification market.
The site explains that location data is used every day across the world, with societies and economies becoming increasingly reliant on the certainty and security of location heuristics.
As technology advances, self driving vehicles, package delivering drones, and smart cities will likely call for an increased reliance upon trustless location data.
There is a market for the adoption of a new technology that allows businesses to trust location heuristics they receive from an off-chain resource. XYO Network believes that the current technology lacks the necessary certainty and security to move the landscape into the future.
This is where their new platform can change the game. The company has developed an ecosystem of crypto-location protocols and components, which can harness the power of blockchain technology. This makes it far more powerful than the technology that people rely on today.
It’s with this new technology platform that XYO Network aims to create a trustless, decentralized system of location oracles. This will be resistant to attack, and produce high degrees of certainty when queried for available data.
The company states: “The XYO Network has four primary components, Sentinels, Bridges, Archivists, and Diviners. These four components enable geo-focused, consensus building and trustless verification of location data.”
The network has a range of applications that span multiple industries. Full details of the platform, what it can offer, and how it can revolutionize the market, can be found on the URL above.
Contact Info:
Name: First Plus
Organization: FirstPlus Press
Address: 2 Alambi Court Brisbane, Rothwell, Queensland 4022, Australia
For more information, please visit http://www.firstplusmarketing.com.au
Source: NewsNetwork
Release ID: 343490
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.