SAN FRANCISCO--(BUSINESS WIRE)--XYO Network, the company focused on making the blockchain accessible for real-world use, through its decentralized crypto-location oracle network, has successfully established its token pool with over 17,000 Ether (ETH) contributed by over 7,000 participants. With the notable number of participants representing the pool, XYO is currently delivering one of the most diversified, community-funded cryptocurrency projects in blockchain today.
In a recent report entitled, “Blockchain-Based Transformation”, Gartner analysts disclose how the “blockchain has captured the interest of leaders across the spectrum as a technology that can radically transform business and society.” The XYO Network understands the far-reaching implications of the blockchain. Through its ecosystem of crypto-location technologies, XYO has created proprietary protocols, enabling blockchain developers to engineer applications to interact and function in the real world, akin to that of an API. More importantly, the system’s open-ended architecture for dApp development supports all blockchain platforms with smart-contract capabilities, making it the most reliable, user-friendly, and compelling cryptocurrencies available today.
“We knew our product would be ground-breaking, which is why we built the protocols with real-life use cases from the get-go. Our contributors trust the product, and clearly demonstrate this with their continued support,” said Arie Trouw, Co-Founder and Architect, XYO Network. “The XYO Network currently maintains over 40 million data points simulated by the location technologies we’ve been developing since 2012, making crypto-location not just an ambitious idea, but a ground-breaking reality.”
XYO Network’s crypto-location protocols were designed to bridge the gap between the digital and real world. Through its proprietary architecture, and the protocols required to facilitate trustless, location-reliant blockchain transactions with Bluetooth and GPS technology, there are a myriad of devices in use today which determine whether an object is at a specific XY-coordinate.
XYO Network products are used in a variety of verticals, spanning everything from e-Commerce to medical care, hospitals to rental car agencies, commercial airline luggage logistics to insurance agencies, and national security agencies to drone and package delivery systems.
Through its growth and successful launch, XYO Network is known by many industry professionals as the most promising geospatial blockchain project in existence today. Because the network can track any range of objects, in real-time, and is industry agnostic, it has attracted the interest of many esteemed blockchain leaders including Charlie Shrem, the Founder of the Bitcoin Foundation.
About XYO Network:
Founded in 2012, XY, the company behind the XYO Network has developed the world-class location protocols necessary to achieve the mission of building a decentralized location network. The XYO Network makes it possible for smart contracts to truly function in the real world, by using the XYO Network's ecosystem of devices to determine if an object is at a specific XY-coordinate. When the geospatial conditions are met, as defined by the blockchain developer, applications can be developed which trigger location-reliant transactions in blockchain smart contracts. XYO can pinpoint the location of objects, from jewelry to cars securely, all in real-time. Through the XYO Token Pool, and the launch of its GAMMA Platform, XYO Network has become 2018’s most exciting blockchain project.