XYO Network Hot
The decentralized, trustless, and authoritative Smart Contract location oracle. **UPDATE - XYO raised 11.9M USD in their crowd sale. No official announcements for listings.
With the growing presence of connected, location-reliant technologies, our privacy and safety rely heavily on the accuracy and validity of location information. Various attempts have been made to eliminate the need for centralized entities controlling the flow of location data, but every attempt has relied on the integrity of the devices collecting this data in the physical world.
XYO proposes a trustless, cryptographic location network using a novel formulation reliant on a chain of zero-knowledge proofs to establish a high degree of data certainty on location information. The XY Oracle Network is an abstraction that enables layered, location verification across many device classes and protocols. At its core sits a set of novel cryptographic mechanisms known as Proof of Origin & Bound Witness that tie together the power of blockchain technology and real-world data collection into a system with direct applications today.
Chris "Drumma Boy" Gholson