GPS and its analogues have become a familiar part of our life. So familiar that we don't even pay attention to the navigation systems operation until the failures begin.
However, with the spread of GPS and increasing its importance have spread and various methods of attacks on this system: spoofing ( false geolocation data transmission), banal "jammers", attacks on servers, etc.
In such conditions, it's impossible to rely on centralized services - even the military segment of the satellite navigation system doesn't provide a 100% guarantee of reliability.
XYO Network offers a radical solution to this problem - a decentralized system of confirmation and cross - validation of geolocation data of any object coming from a variety of sources - from the same GPS to data from webcams.
A Bit About XYO and Its Unique Algorithm Of Consensus.
XYO Network uses a unique consensus algorithm called Proof-of-Origin, which is a proof of the location of an object that takes into account the source of the geolocation data.
To do this, there are 4 types of participants in the xyo network ecosystem:
- Sentinels - collect the necessary data about objects (GPS-coordinates, web-cameras with a known location or against objects with a known location, data of scanning digital labels, etc.) and transmit them to the next group of participants.
- Bridges - independently collect information from Sentinels about the object location, received from different sources and conduct its cross-checking.
- Archivists - continuously collect, check and index all information coming from Bridges.
- Diviners - accept requests from clients to track objects, respond to them, finding the best response in the data from Archivists and make blocks of the “final” blockchain, using the algorithm Proof-of-Work
As a result, a system with triple cryptographic protection and multiple rechecking of data both for their accuracy and authenticity, and for outside interference at any stage is formed.
Who Can Become the Potential Clients?
The potential customers range of XYO Network is clearly defined: those who are critical to the absolute reliability of geolocation data, that is:
- logistics companies - they get enhanced cargo tracking capabilities
- customers of logistics companies - XYO Network will allow to effectively control logistics and "keep an eye" on the most important goods
- companies working in the security field - they are interested in effective tracking and maintenance of protected objects.
- companies that use drones for a variety of tasks
- state agencies - from law enforcement agencies to cadastral services.
At the same time, XYO Network customers will be able to flexibly balance the services cost and their reliability: tracking the object using GPS will be the cheapest option, and visual confirmation - the most expensive. Details about the XYO Network you can find on the Official website
What Are The Prospects In The Future?
At the moment, XYO Network may look like a “niche” project with a limited client base - most users are quite satisfied with the security of simple GPS-positioning. However, those who really need reliable geolocation are very solvent and willing to pay for it, so the financial prospects for XYO Network are promising.
And don't forget - GPS not so long ago also seemed to be a “narrow-minded” system for military, extreme tourists and transport companies. But today we can't take a step without it. XYO Network has all the chances to” move " traditional navigators.
To Know More Follow The Links Below
Official website
White Paper
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