Do I think every culture will embrace location technology? Yes. – Sam Altman
Our android smartphone has a chip that acts as a GPS tracking to help us estimate location on anywhere on Earth by using a signal from a set of orbiting satellites. Right now, it helps us to find the optimized way to reach at destination by routing any location in an efficient way, especially in an area we are not familiar with.
GPS is part of the navigation and mapping system. Another form of this technology is Radar, Lidar, Robotic Mapping and Computer Vision.
The location-based technology is become more important these days, partly because the public has witnessed the rise of autonomous vehicle and drone. Autonomous vehicles rely heavily on their maps based on sensory input, allowing the vehicles to keep track of their position. While drones use the navigation and control loop which allows drones to maintain position at a fixed altitude & location and to remember the spot from where it took off from, so that it will automatically return to this spot after doing it’s job (most e-commerce companies plan to use drone as their main delivery strategy in the future).
But can we really trust it? What happened when the geolocation system fails to perform? What if it crashed or hacked?
Imagine where every autonomous car on the road are not able to follow the maps of the road perfectly. Every car makes a way at every stop sign and the speed limit is exceeded. That would be a total nightmare. An autonomous car will need maps that can tell them where the every detail within a few centimeters.
Can we imagine if every drone deliver the wrong stuff at the wrong house? How can it stop people from interfering with the drone and its package? How to make sure the drone is able to deal with unexpected scenarios? Nearly 1/3 reported a personal drone flyaway incident with 122 users reporting that they were unable to find their drones again. This could be a disaster if not handled quickly.
XYO Network will be a game changer for location technology, especially when it comes to trustless location data.
The XYO Network is a trustless and decentralized cryptographic location network that utilizes zero-knowledge “Proof of Location” to establish a high degree of certainty regarding location verification. The XYO Networks blockchain technology eliminates the need for trust by making all process transparent,decentralized, and secure.
Picture XYO Network as a decentralized “GPS” but instead of relying on satellite, XYO relies on consensus, built of 4 primary components to validate and verify the location data: Sentinel (The first one that receive location data and produce ledgers), Bridges (make sure that the data sent from Sentinel to Diviners is safe and secure), Archivers (the ones that stored all the data) and Diviners (analyzing all the data and validate the accuracy of the data from the origin)
This means that when we want an object to appear at a specific XY-coordinate, if it appears there, you will know that it was at that location with absolute certainty. This is all done without risk of spoofing the location signaling device verified by thousands of Sentinels in the XY Oracle Network with the longest Proof of Origin chain.
XYO Network is backed by XY, a company that has built one of the largest networks of Bluetooth and GPS beacons in the world.
By building the first decentralized crypto-location network, XYO allows all smart contract based blockchains like Ethereum, NEO or EOS to implement XYO technology and add location-based proof to confirm any kind of smart contract execution. For example, if you create a smart contract of car loan services only for people in Arizona, you can make sure that the contract will be executed in the exact location.
When You Connect Both The Digital World and The Real World, Then The Magic Will Happen.