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XYO Network, the technology behind the decentralized localization network, has announced an apparent alliance with Esri as a move to bring a blockchain-based position verification function. Esri, a world-leading local intelligence company, is one of the oldest providers of geographic information systems (GIS) and cartographer, with its foundation in 1969.
In the press release, Esri & # 39; s Technology Leading Lead of Esri. Kevin Bolger explores the potential that comes from the partnership. He says:
"In the space of mapping and spatial analysis, determining the relative position of objects, and in particular moving objects, is important and we have the opportunity to pair this technology and blockchain technology as a significant next step for the 39; industry as a whole. "
The partnership with Esri remains vital for XYO Network as the company remains a good partner for companies with special analytical needs.
The collaboration took place after an Esri employee hired by XYO recommended the former as an excellent option. The XYO network wants to create a data network for customers that Esri works to access data.
With the agreement, Esri & # 39; s ArcGIS will be the product that uses the XYO network. ArcGIS is the enterprise-level mapping product that provides unique features for the application of location-based analysis to business practices. The service currently serves over 350,000 organizations. The press release reads:
"The collaboration opens the possibility for ArcGIS users to enable increasingly important features such as tracking cars in emerging" smart cities ", clarifying the often dramatic geographical changes based on natural or man-made disasters and many other applications. and location-based scenarios. "
Markus Levin, co-founder of XYO Networks, also mentioned a possible case of the use of technology in games. He mentions the repetition of rare Pokémon scam inside the Pokémon Go game. The combination of XYO's network with Esri's ArcGIS could eradicate this activity by making sure that blockchain technology offers ways to disable dishonesty in such game ecosystems. .
Furthermore, the review market could potentially benefit from XYO technology. Since most companies rely on online reviews for ratings, it is quite difficult to establish authenticity. With technology, an auditor should legitimize their claims by testing their position at a given time.
A key cause of this is the recent developments in apps that need to use GPS location data. The position can be modified or falsified using consumer-level applications and this poses a serious threat to applications such as delivery services or a stand-alone vehicle. Companies can benefit from the current GPS development emerging from the XYO network and from Esri. Now, as Levin points out, valid position data is becoming big business by the day and judging from the past, GPS is no longer reserved just for maps and navigation. "No one then thought of things like Uber," he said.
The XYO platform requires XYO tokens to be used to explore certain possibilities in the network such as data verification and publication. Over 5.5 billion tokens are available with a value of $ 0.003 and a total capitalization of over $ 20 million.
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