Internet of Things_ and the _Blockchain_ are two of the hottest fields in technology today. These two fields individually are touted to be the gamechangers – each of these is going to revolutionize and disrupt how humans interact with things, more specifically with the physical world. Imagine bringing these two game changing technologies under one roof – the opportunities are limitless, there are no bounds. This is what exactly the **XYO network** is. Its main goal is to _deploy the blockchain to track the location of everyday items online_ – from your luggage at the airport counter to your Amazon parcel in an **efficient, trustless and decentralized manner**.
Internet of Things refers to internet _connected devices_, such as an air conditioner or a digital portable heart rate monitor, which can communicate with each other. A plethora of communicating and connected devices have flooded the market in the recent years. This brings up a very important question – _how safe is the centralized communication channel between the devices? How accurate is the information provided by these devices?_ The **XYO network is addressing this booming market** by connecting the huge network of inter connected devices over millions of global positioning system (GPS) enabled tracking devices that it has deployed in the real world. It further provides a _trustless tracking system_ by connecting the set of GPS devices to the blockchain. The data then collected from the IoT devices can be used securely and accurately by deploying smart contracts on the Ethereum blockchain.
Coming to the technical aspects, the XYO network will use the revolutionary _Bound Witness Protocol_ coupled with _Proof of origin consensus_ mechanism to make trustless and secured location tracking using GPS and Bluetooth. The Proof of Origin works in an entirely different manner as compared to traditional node verification methods. It first establishes _bi-directional proof of location_ before validating data from various nodes. Smart Contracts in the Ethereum blockchain can be deployed to cross verify and access geo-location of the connected devices securely. This addresses the security aspects of connecting and accessing data from nodes, even from an untrusted source! _This advancement is a great leap forward for the Internet of Things connected devices_.
The XYO network will execute its proposed roadmap using the **XYO token (XYO)**. If a developer wants to provide real time geo-location access to any consumer, he shall have to deploy a smart contract using the XYO token, on the Ethereum blockchain. That means, more the number of XYO tokens deployed, the more secure the network will become. The Initial Coin Offering is on the _20__th_ _of May 2018_, and the price of _1 XYO token is_ _0.00001 ETH_. Once the proposed system is online and functioning, the XYO network will make use of four specific components: **The Diviner** (searches for answer), **Archiver** (stores the data), **Bridge** (transmits the data) and the **Sentinel** (records the location data). All the four components are eligible to receive a reward of XYO tokens for requests fulfilled.
The XYO network has a _multi-talented and robust team_ backing it. With diverse experience across several sectors, and worldwide exposure, the leadership as well as the technical department brings together the best minds of the industry. In fact, its claims that the XYO network is "_potentially bigger than Bitcoin and Ethereum_" is justified when one has a look at the market that it is focusing on and the experienced team working to make the plan a reality!
Most of the ICOs focus on the digital world. Rarely a project comes along that _focusses on transforming the way we interact with the physical world_. With use cases spread across multiple sectors, the XYO network is going to revolutionize the way IoT devices communicate with each other. Not only that, but with its millions of geo-location tracking and Bluetooth devices deployed across the world, location tracking and data mining will become more secure and efficient than ever before! **This is a game changer**.
**Website** - [https://xyo.network/](https://xyo.network/)
**Whitepaper** - [https://docs.xyo.network/XYO-White-Paper.pdf](https://docs.xyo.network/XYO-White-Paper.pdf)
**ANN** - [https://bitcointalk.org/index.php?topic=3040825.0](https://bitcointalk.org/index.php?topic=3040825.0)
**Telegram** - [https://t.me/xyonetwork](https://t.me/xyonetwork)
**Published by** - Etheran
**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1108165](https://bitcointalk.org/index.php?action=profile;u=1108165)
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