XYO - Represents the Payment System Using XYO Network

About XYO Network
XYO or the XY Oracles network is a decentralized network layer that will merge traditional GPS systems with a widespread network of terrestrial beacons and other location-based devices. By doing so, users and developers will have the opportunity to interact with the real world in a way that was never seen before. With the help of the Smart Contracts feature, users will be able to query location-based data to trigger a part of a smart contract.

XYO is creating a decentralised network of devices which will be used for tracking of the specific coordinates. The network of devices will allow anyone to track the exact location and offer their services. Smart Contract based services can be utilised on the platform to create a network of trustless and transparent devices, which offer accurate location data. Companies can target the customers based on the location of the user, and thereby deliver the services accurately without mismanagement. For Example, e-commerce companies can deliver the package to the premium customers utilising the XYO network under smart contract.

the XYO Network aims to be the first decentralized cryptographic-location network built for the world of tomorrow where its ecosystem of devices or location oracles can determine if an object is at a specific XY-coordinate. This approach promises the highest certainty possible when queried for the location data and greatly reduces the risk of location spoofing through a chain of zero-knowledge proofs along the components of the system.

Sentinel Network created by the platform is open for everyone. You can join the network of the device to earn the tokens and become the member of the platform. Sentinels (The Data gatherers), Bridges (The Data Relayers), Archivists (The Data Storers) and Diviners (The Answer Aggregators) are four primary components of the platform. They create a reliable chain of location data transfer on the platform thereby connecting millions of the users, who are part of the network. XYO MAIN-CHAIN is public decentralised consensus building network for the critical components of the platform.

What is XYO?
XYO is blockchain based trustless, zero-knowledge proof, cryptographic location network that eliminates the need for centralized location data gathering. XYO Network will enable locating any object or individual through many device classes and protocols. To make this possible XYO team is using “Proof of Origin” and “Bound Witness” to merge decentralized blockchain world with our real-world data into one new game-changing network.

Problem
According to a recent study released by Comcast, more than 30% of Americans have had a package stolen from their porch or doorstep [1]. As the market share of eCommerce continues to grow, this problem will only become more prevalent. Megasites like Amazon are experimenting with different solutions to offer confirmed secure delivery as a premium service to their customers.

Solution
By utilizing the XYO Network and XYO Tokens, companies can offer an independently confirmed ledger to track every step of a shipment’s progress, starting at the fulfillment center and ending with the package’s secure delivery within the customer’s home. As a trustless and decentralized system, the XYO Network provides independent confirmation not only of a package’s delivery, but of its entire shipping history. This also allows a retailer or eCommerce site to offer payment upon delivery, utilizing an Ethereum smart contract to protect the merchant from fraud or loss.

How it Works
When a customer finalizes an order, an Ethereum smart contract is created which will release payment to the merchant upon successful delivery of the purchased product. The shipment will include an 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 likewise record their interactions with packages being shipped. Every one of these interactions will be independently verifiable, asserting a web of locational certainty that stretches all the way back to the shipment’s point of origin. When the shipment reaches its destination, as confirmed by its interaction with XYO Network devices within the buyer’s home, the smart contract will be fulfilled, and payment will be released. Should there be a dispute, the ledger will provide a history that can confirm the delivery of the shipment or show where it went off track.

The terminal point of the transaction — the point where the package is delivered and payment is released — will be determined at the time the order is placed. Amazon has experimented with multiple secure delivery systems, including lockers in public places like convenience stores and even electronic locks that give their delivery team access to customers’ homes. XYO Network devices within these secure locations will confirm delivery. In an Amazon locker, the shipped package will interact not just with its locker, but with XYO Network devices in other lockers and the customers that use them. In the customer’s home, the XYO Network nodes could include the customer’s phone, IoT devices, and even the Amazon Echo that was used to place the order.

Token info
Periode 2018.03.20–2018.05.21
Token XYO
Platform Ethereum
Type ERC20
PreICO price1 ETH = 200,000 XYO
Price in ICO1 ETH = 100,000 XYO

BONUS
During the Token Sale, there is a tiered pricing structure. The sale price starts at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.
Tokens for sale 100,000,000,000
Accepting ETH
Distributed in ICO 47%

Roadmap
XY has been building towards an open world of location-verification since 2012 by launching a successful Bluetooth-GPS consumer business critical to understanding and building a real-world location network. Today, XY has over 1,000,000 beacons across the world.

2017
XY Releases The XY4+ Device
XY releases the XY4+ device which makes it capable of operating as an XYO Network node via firmware update.

XY’s Blockchain-Based Oracle Network Is Born
Development of moving the internal XY location network platform to an open blockchain implementation begins: the XY Oracle Network is born.

XY Mints The First “XYO Token” to Be Used For Smart Contracts to Access the XYO Network
The first XYO Token is created and represents the official currency to be used throughout the entire XYO Network.

2018
Q3&Q4

XY to Complete API for Smart Contract Developers to Interact With the XY Oracle Network
Release of the XYO Network API that enables smart contract developers to write contracts to interact with XY’s network. Libraries to be developed: Ethereum Solidity Library, Ethereum Viper Library and JavaScript library for websites to interact with the XYO Network (similar to the Web3.js integration with MetaMask).

XY to Grow Global Network of Diversified Location Sentinel Devices
Grow coverage of XY Sentinels (location data providers and verifiers) as well as other components of the XY Oracle Network (Bridges, Archivists, Diviners).

XY to Onboard Larger Businesses, Organizations and Retail Companies That Have Use-Cases for Location Verification
Formalize business partnerships with enterprises and larger entities, which can benefit from a decentralized, trustless location oracle (e.g. logistics systems, supply chain companies, work hour auditoras, eCommerce businesses and countless other niches).

2020+
XY Releases Ground-Breaking GPS Tracking Device: The “XYGPS”
XY launches the world’s first hybrid GPS and Bluetooth technology enabled device. The XYGPS is able to report its location anywhere in the world where Cellular and GPS data is available.

XY Crosses The 1,000,000 Beacon Mark
The one-millionth XY device is born.

2018
Q1&Q2
XY to Complete XYO on Test Network (”XY TestNet”)
XY will complete the development of the XY Oracle Testnet and begin rolling out its location-focused blockchain protocol to its Sentinel devices.

XY to Launch XY Oracle Main Network (”XY MainNet”)
XY will issue a complete roll out of the XY Oracle Network to XY its Sentinel beacons and start tests with new Sentinel partners (specifically IoT companies and mobile app developers).

XY to Release XY Sticker-Based Trackers, Which Can Be Added to eCommerce Packages
Launch the “XY-Stick” product which enables eCommerce retailers to track every single one of their products in realtime.

2019
XY to Launch SatoshiXY and VitalikXY LEO Satellite Sentinels
Stakes will be sold in the XYO Network’s Low Earth Orbit satellites; stakes represent ownership in the piece of the XYO Token rewards.

XY to Expand Global Reach of Entire XY Oracle Network

Team XYO