XY Oracle Network (XYO): The “proof-of-origin” based blockchain


One of man’s milestones was the ability to locate or track anyone or anything around the world through the use of Global Positioning (GPS) aide by the use of satellites and integrated software found in our devices today, even though similar technology was in use in the 1940’s when LORAN (ground-based radio-navigation system) was the go-to technology of the era. The degree of reliability and accuracy of location devices are some worth wavering.
Most of the technologies and related services today are location-oriented, there is high concern as to how secure and private these systems are or should be when being used. The traditional location services use triangulation and GPS enabled devices to provide location data, however these practice has limitations in the sense that there is no way to actually proof that a particular object or person was at point A, with a high degree of trust because the flaws in the system makes it easy for data to be manipulated/corrupted, thus rendering it useless.
With the invention of the blockchain and trustless smart contracts based on blockchain, Oracles (off-chain devices that provides smart contracts with a physical proof of location) which are the determining factor of the outcome of a location-based smart contract are prone to corruption and manipulation from data spoofers and other physical factors. The divination of the location of a material world object relies on methods that ultimately make the Oracles less accurate and trust worthy.
Proof of location (POL) is a blockchain protocol that utilizes two properties of the block (time-stamping and decentralization) combined with an off-chain location device (Oracle) to provide smart contracts a cryptographic location (crypto-location), this was further developed by Etherum foundation developer Matt Di Ferrante. POL being one of the most things to do still has its flaws because of its single-sourced (central) location data which can be corrupted as well.
Intoducing the XYO Network
XYO Network is a blockchain that works by leveraging the "proof of location" protocol to validate location-based smart contracts. With a specialize set of oracles called Sentinels, who are mobile in the real word (decentralized). https://xyo.network/index.html. The XYO network seeks to provide a trustless crypto-location protocol using an identity less location-based proof making difficult to disrupt like its predecessor the GPS. XYO Network provides location data with high degree of certainty through a chain of cryptographic proofs.
Players in the XYO Network
When a location query is entered by a client , the following players get to work
  1. SENTINELS: Also known as the location witnesses, observe and validates the correctness of data heuristics and record them in ledgers. The ledgers produced are of high certainty and are from the same source. To get more rewards (XYO tokens) the sentinels are to ensure that their data correlate and with that of their peers, add with a “proof of location’ to confirm they are actually the originators of the location data.
  2. BRIDGES: They are also called “data relayers”, securely relaying location ledgers from Sentinels to Archivist with a “proof of origin”. Bridges are highly secure links between Sentinels and Archivist in the XYO network.
  3. Archivist: they store all ledger location data (raw data) according to index on a decentralized network (IPFS for example). Archivist are networked (archivist to archivist) on the XYO Network for effective data sharing/storing. An additional proof of origin is appended for verification.
  4. DIVINERS: also known as “fetchers” are the most tasking part of the XYO Network, saddled with the responsibility of getting the most accurate data for a particular query and responding with a feedback to the query source. Diviners fetch data directly from the Archivist Network. when this is done, the Diviners all come to a consensus in order to validate a block which is digitally signed by everyone. A copy if the transaction (answer plus percentage accuracy) is sent to the smart contract.
    N/B: all players in the network are duly incentivized using the XYO token.
    Also queries are prioritized based on reward size or complexity..
    Detailed explanation on the end-to-end intricacies of the XYO Network is covered on the whitepaper here https://docs.xyo.network/XYO-White-Paper.pdf
Token Distribution :
XYO 1.PNG
Token specs ERC20
Token abbreviation XYO
Amount issued at main sale Unlimited
Token name XYO Network Utility Token
HardCap Amount reached after main sale
Unsold tokens Burned after the token sale event
Contact information
Authored By:
https://bitcointalk.org/index.php?action=profile;u=1156227
Wallet Address: 0x855382e202d3dcadfda10f62969b38dcee558270

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