XYO Network Price

About the coin

The XYO Network, also known as the XY Oracle Network, is a project designed to enable trustless transactions through an ecosystem of crypto-location components. This innovative network bridges the gap between the current world and the future by allowing smart contracts to access real-world locations. By using the XYO Network's ecosystem of devices, it is possible to determine if an object is at a specific XY-coordinate, enabling applications that execute transactions in smart contracts.

Main features

The XYO Network opens up a new world of possibilities with its technology. One of the main features is its ability to facilitate payment-upon-delivery services for eCommerce companies. By leveraging the XYO Network, which utilizes XYO Tokens, eCommerce companies can write smart contracts that track the location of packages throughout the entire fulfillment process. This includes tracking from the warehouse shelf to the shipping courier and all the way into the consumer's home, ensuring a trustless verification of delivery.

How it works

The XYO Network operates by using a network of devices that can verify the location of objects in the real world. This is achieved through a series of smart contracts that interact with the XYO Network's ecosystem. The network can track the location of packages at every step, providing a secure and trustless way for eCommerce retailers to verify that a package has not only reached the customer's doorstep but has also been safely delivered inside their home. This innovative approach to location verification opens up numerous applications and possibilities for businesses and consumers alike.