XYO Network

Self-driving vehicles, package-delivering drones and smart cities. All of these will not be possible unless we solve the biggest shortcoming of location data today: trust.

The technologies of tomorrow will require location data you will trust with your life. Yet how can we have this level of trust in location data? Not through large companies or governments, that's for sure. They get hacked daily. Rather, the answer comes from securing it through mathematical principles of cryptography.

Meet the XYO Network ('XYO'). We're building the world's first people-powered location network built on blockchain technology. The technology we're building today will power the world of tomorrow. And the gas used to power it is the cryptocurrency called 'XYO'. When Bitcoin arrived in 2009, it transformed how people carried out transactions online. It made online transactions safer, faster and more efficient; millions of people around the world started using it.

Today the combined market value of all digital currencies is over $245 billion... and some experts predict Bitcoin alone could hit the $1 trillion mark by the end of the year. But why is this revolution happening in the first place? It's primarily due to the technology behind it all: a cryptographic breakthrough called 'blockchain'.

Blockchain, the fundamental technology underlying Bitcoin, eliminates the need for trust because it makes all transactions transparent, decentralized and secure. It has quite literally revolutionized online commerce. People can now transact without knowing one another in what are called 'trustless' transactions. There’s no need for a trusted third-party to settle disputes. People can send money from one person to another without a bank sitting in-between, taking a fee. And then there was an even bigger breakthrough...