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AN UNPRECEDENTED AND REVOLUTIONARY APPROACH TO LOCATION DETERMINATION VIA BLOCKCHAIN TECHNOLOGY: ENTER XY ORACLE NETWORK

12tribesApr 3, 2018, 10:37:54 AM
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INTRODUCTION

On a daily basis, the world is been transformed by different technological innovations that make living better and smarter making the achievements of the past twenty years alone dwarf the combined technological leap of the past centuries put together (some folks disagree with this assertion claiming today’s technological advancement has brought more harm than good pointing to effects like environmental pollution and the greenhouse effect to mention but a few; a position I respectfully disagree with.)

The capacity to correctly pin point with a high degree of accuracy the position of an object (usually stationary) on the face of the earth requires sophisticated and highly intelligent technology borne out of ingenious thinking encased in a modern and holistic approach.

Today, the GPS (Global Positioning System) is effectively deployed to analyze and identify an abject from the atmosphere using special tools and devices. However, over the years the system is beginning to bow to compromise from spoofing, data manipulation and other such data integrity compromises, as such entirely new and innovative approach to this problem must be sought and this is made possible by tapping into the power of the blockchain technology.

A LITTLE THROW BACK:

In the year 2009, a certain Mr. Nakamoto Satoshi introduced the idea of using a cryptographic ledger called the blockchain to become the new and innovative way of doing financial transactions. He introduced his concept via a document known as a whitepaper wherein he detailed how virtual money or currency could become the mainstream of future payments. He explained how the tokenization of the system could result in a much highly sought after approach to solving the problems inherent in other facets of man’s existence. Of course, some of the people who heard him either didn’t give his approach a deep thought (maybe because they loved and wanted to maintain status quo) or they weren’t smart enough to figure out what he was saying or see the big picture.

Either way, today, the cryptocurrency world is birthed and is now with us gradually bringing a revolution in the way the various aspects of life are been accessed and used.

THE CHALLENGE: As with most devices that have capacity to add value and have been deployed for a while, the deliberate attempt by individuals to manipulate and distort information on a point is daily seeing different dimensions. Spoofing, data manipulation, Sensor or point overload in order to create an artificial traffic jam of data been accessed has been witnessed.

This has resulted in the wrong analyses of data and incorrect conclusions; results which could be catastrophic or have high end impact on a company, state or region. For this reason, the accuracy of any point to be captured cannot be overemphasized as this must be high and dependable, foolproof to manipulation.

THE WAY FORWARD - ENTER XY ORACLE NETWORK:

With the modernization of solutions via digitalization, the tendency naturally remains that the solution of the compromising of location information is embedded in the digital world. However, the approach to overcoming the shortcoming associated with the old order cannot come from thinking in the way the old order was created.

To revolutionize the solution, the thinking from scratch must be revolutionary and out of the box.

The solution lies in the harnessing of the abilities of the blockchain ledger.

The blockchain has certain properties and one of the properties is its capacity to execute a smart contract and input a time stamp on each such that the details keyed into the ledger cannot be manipulated or altered.

XY Oracle Network (herein and afterwards referred to as XYO Network) is a high end solution designed to overcome the present challenges and runs on oracles. The oracles are designed so as to run independently in the network. The various oracles are inter connected in the network to give a complete system that is powerful and accurate and not subject to the weakness associated with the previous devices

XYO Network is a deeply innovative, high end solution that runs basically on four primary components viz - a – viz

The SENTINELS, the BRIDGES, the ARCHIVISTS, AND the DIVINERS;

Sentinels:



These are the primary points that collect or gather data. They are directly inter phasing with the source of the data been collected. These sources could be radio signals, tv signals, transponders and signal sending devices. They are governed by an independent oracle and as such they may be tokenized

Bridges:



These are the next primary components to the Sentinels that receive the messages gathered by the Sentinels and are transmitted to the Archivists in such a way that they may not be corrupted or manipulated. They equally run an oracle independent of the others and as such can be tokenized as well.

Archivists:



These are next in the link of the system by receiving the relayed messages in such a way that they are stored or archived for analysis. The archivists also operate under an independent oracle

Diviners:



These do the analytical work on the data that has been collated and archived by the Archivists. They sort and intelligently analyze the data to give a feed back to the initiator and as such run independently and extensively on the oracle network within its jurisdiction.

All the various oracles are synchronized such that they run independently but in agreement with the paramount goal of the Network’s objective.

Combined, the components produce what is called the proof of origin, a harmonised and complete trustless and identityless result which is adaptable and useable on the blockchain.




XY ORACLE NETWORK TEAM: The team behind the XY Oracle Network is an amazing and highly professional one, comprising veterans who have a proven track record of high performance in their various endeavours. Their respective profiles may be looked up in their linkedin channel.

Let it suffice to say that though the XYO network is a novel solution, the team itself is not new to the crypto world and have pioneered previous solutions and endeavours.

XYO Network ICO

To make this network solution a reality within a short time frame, programmers, architecture, workers and other professionals will be needed. Legal and paper works will require the services of attorneys and advisers of which the process may be quite bureaucratic. Salaries and exigencies will be met and so this is quite a hefty budget.

To surmount this challenge, a crowdsale of the XYO network token (XYO token) will be made public via which investors may acquire and thus contribute to the realization of the new level solution to accurate location determination

The XYO token sale is already running and the number of tokens that may be acquired with one Eth varies as the ICO progresses, so it is actual smart for intending investors to get in as quick as possible.

The XYO token is designed to be compatible with the ERC 20 wallets standard and so easily transferrable between similar wallets. Please take note that the only address receiving payment for tokens otherwise known as the token address is boldly displayed and so please take extra care to double check on the address when transactions are carried out.



USES: It is interesting to know that the way objects will now be located, maps and charts will now be made available and information gathering about a point or location will see a new level and as such, business companies like UBER may begin to redefine how direction and location is accessed.

Banks, Prisons, Hospitals and other sensitive areas will now have the best and most reliable information regarding a route or location. Security outfits will be better equipped to track any movement of anything in their perimeter.

It is equally interesting to know that the platform the XYO network is building is such that existing firms or corporations like Cardano, Ethereum, Lisk and many others can enjoy a symbiotic or mutual relationship with the XYO network providing the much needed support as a solution for their needs in these areas.

It is often said that a person should have invested in a business twenty years ago and the next best moment afterwards is now. I am absolutely sure that the XYO network is a life saver; a positive game changer and a pace setter.

The XYO network will certainly redefine the accuracy and precision of location and coordinates of a place or object.

Welcome to the platform you have been waiting for, welcome to the XYO Network!

For more information please go to:

https://xyo.network/index.html

https://bitcointalk.org/index.php?topic=3040825.0

https://twitter.com/XYOracleNetwork

https://t.me/xyonetwork


Authored by:

https://bitcointalk.org/index.php?action=profile;u=1221082